Bonus Saver
A savings account which helps you reach your financial goals faster by rewarding you with bonus interest when you deposit at least $100 and make no withdrawals each month.
- Base rate
- 0.1%
- Bonus rate
- 5%
- conditions apply
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable The base variable rate applies if the bonus conditions are not met. If the bonus conditions are met then the bonus variable rate applies in addition to the base variable rate. The interest rate is calculated daily on whole of balance and credited monthly. | 0.1% | Base Variable Rate | monthly |
| Bonus Earn monthly bonus interest when $100 is deposited each month and there are no withdrawals in the month. If these conditions aren't met, you will only be eligible to receive the base variable interest rate. · Bonus interest when you deposit at least $100 each month. · Bonus interest when you make no withdrawals in a calendar month | 5% | $0.01 to $100,000.00 | monthly |
| Bonus Earn monthly bonus interest when $100 is deposited each month and there are no withdrawals in the month. If these conditions aren't met, you will only be eligible to receive the base variable interest rate. · Bonus interest when you deposit at least $100 each month. · Bonus interest when you make no withdrawals in a calendar month | 4.65% | $100,000.01 to $1,999,999.99 | monthly |
| Bonus Earn monthly bonus interest when $100 is deposited each month and there are no withdrawals in the month. If these conditions aren't met, you will only be eligible to receive the base variable interest rate. · Bonus interest when you deposit at least $100 each month. · Bonus interest when you make no withdrawals in a calendar month |
Fees
| Fee | Type | Amount |
|---|---|---|
| International transaction fee (ITF) When you undertake an International transaction on a Bank Australia Visa Debit Card you will be charged the fee. An International transaction is any purchase, withdrawal or credit in a currency other than Australian Dollars or where the merchant or financial institution accepting the transaction is outside of Australia or where there is a currency conversion. | Transaction | 3% of transaction |
| Dishonour Fee A fee charged where a debit presented to us is dishonoured because there aren't enough available funds in your account. | Dishonour | $0.00 |
| Staff assisted withdrawal fee A fee charged for taking money out of your account with the assistance of a staff member, charged on the day the service is provided. | Event | $0.00 |
| Debit interest charge rate Additional interest charged on overdrawn account. | Event | 12.39% of transaction |
| Certificates supplied by the bank A fee for comprehensive certificates supplied for audit. The cost is $5 per page and $25 per hour. | Event | $5.00 |
| Dormancy Fee |
Features
- Bill payment (BPAY) — BPAY
- You can pay bills with the BPAY logo via Bank Australia App or Internet Banking.
- Digital banking
- You can self-serve your day-to-day banking needs via Bank Australia's App or Internet Banking.
- Notifications — Account Notifications
- Notifications can be enabled in the App or through Internet Banking, allowing you to be alerted either by email, sms or through the App about your account activity.
- Real-time payments (NPP)
- Move money and pay people instantly with Osko.
- PayID
- With PayID you can forget your BSB and account number - simply use your mobile, email or ABN to receive payments. This account can be linked to a PayID.
- Make a minimum deposit of $100 to the account and no withdrawals for the month to receive bonus variable rates. If these conditions aren't met, you will only be eligible to receive the base variable interest rate.
Eligibility
- Minimum age — 0 yearsChildren aged 12 years and younger requires that a parent or guardian is a signatory to the account until the child turns 13 years old. At the age of 13 years old, the parent or guardian may at the child's election, cease to be a signatory.
- Individuals onlyNatural Person or In trust for a Natural Person
- Personal, Joint and Trust
- Residency status — AUMust be an Australian citizen, permanent resident or have a valid Visa.
More Information
Published by Bank Australia under the Consumer Data Right · Last updated 24 June 2026 · Product ID 49f8431a-85a3-4867-845f-dd620d13fd7b · View on CDR.gov.au