High interest savings account
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Earn bonus interest when you regularly add to your savings
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Unlike other savings accounts that promise you a high rate of return for a few short months before reverting to a lower rate, the Bonus Saver account gives you the ability to earn bonus interest on your savings every single month. That's because we believe in reward for your healthy savings habits.
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How does it work?
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All you need to do is deposit at least $50 a month in to your Bonus Saver Account, and provided you make no withdrawals, you'll qualify for the bonus interest. If you do make a withdrawal or deposit less than $50 in a month, you will receive the standard rate of 0.01%p.a. for that month. (see how this compares to the competition)
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You can elect to set up an automatic regular savings plan when you apply to help keep you on track, but this is not mandatory.
If you think you may need to make regular withdrawals or irregular deposits, consider our Easy Savings account.
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Enjoy the benefits:
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| | | No fixed term, no minimum balance
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| | | | Unlimited deposits allowed
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| | Low regular savings amount required to qualify for bonus interest
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| | Interest calculated daily, paid monthly
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| | The convenience of an automatic regular savings plan
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| | Free Government Deposit Guarantee for deposits up to $1 million
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The flexibility to maximise your savings
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For those times when you may not be able to commit to your regular savings plan, you can transfer your savings online in to an Easy Savings Account instantly where you will earn a high ongoing interest rate, regardless of how you use your account. When you're ready to re-start your regular savings plan, you can simply transfer your savings back in to the Bonus Saver via the Easy Savings linked account.
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All your questions answered.
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Questions? Chances are, you'll find the answer in our Bonus Saver FAQ section.
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Alternatively, ask us a question via our online enquiry form or call us on1300 13 14 65
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Calculate your savings over time
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See how much interest you can earn on your savings over time with our savings calculator>
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Trash the paperwork - apply online
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All it takes is a few minutes...
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Express application for existing Easy Street Members
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If you are an existing Member of Easy Street, you can complete an express application via Easy Street Internet Banking. Once logged in, simply select 'Account' followed by 'Open Account' from the top menu. If you would like to set up an automatic regular savings plan, view our simple instructions here.
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Please note that if you would like to transfer your savings from an existing Easy Savings account to your new Bonus Saver account, you will need to transfer your savings out to your linked account first.
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Our product Conditions of Use are available on this website. You should read and consider these Terms and Conditions when deciding to use any product. Rate is current at 16/12/11 and subject to change without notice. For bonus interest to be paid in a month, one deposit of at least $50 must be made and no withdrawals. In the event these conditions are not met, the standard rate for that month will be 0.01%p.a. Applicants must be 18 years or older.
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