Christmas Saver
A savings account which allows unlimited withdrawals between 1 November - 31 January and pays interest on the money you deposit during the year.
- Base rate
- 2.25%
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable Funds available from 1 November. Interest calculated daily on whole of balance and credited on 30 November. | 2.25% | — | every 12 months |
Fees
| Fee | Type | Amount |
|---|---|---|
| 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 |
| 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 |
| 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 |
| Monthly Fee Charged monthly · A flat fee payable on the last day of each month. | Ongoing | $0.00 |
| Online international payment in foreign currency This fee is charged when you make an International Payment in foreign currency on-line via Internet banking or Bank Australia app. The cost is per transfer. | Payment | $10.00 |
Features
- 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.
- Round Up: When you make a transaction with your Visa debit card, you can decide whether you want the amount will be rounded to the nearest whole dollar amount, with the round up being credited from your transaction account into your nominated Savings account or Credit Card. This account can receive Round Up credits.
- Unlimited transactions
- Unlimited transactions between 1 November and 21 January
Eligibility
- Minimum age — 13 years13+ years
- 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.
Constraints
- Funds locked betweeen 1 February and 31 October each year. Interest calculated daily on whole of balance and credited on 30 November. — Account Locked
More Information
Published by Bank Australia under the Consumer Data Right · Last updated 24 June 2026 · Product ID a2b5b53d-d5a8-4ad0-bfbf-20e6dfeeb142 · View on CDR.gov.au