---
title: "Save up — Bank of us"
description: "Transaction & Savings Accounts from Bank of us. Rates, fees, features and eligibility as published under Australia's Consumer Data Right."
canonical: https://www.cdrcompare.au/brands/bank-of-us/products/Save_up
source: "CDR Compare"
language: en-AU
last_updated: 2026-05-31T07:44:23.000+10:00
---

# Save up — Bank of us

> Transaction & Savings Accounts from Bank of us. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare.

**Transaction & Savings Accounts**

Our 'Save up' account is the perfect account to help you save for something special or just for a rainy day. The account pays a base rate of interest and if you deposit a minimum of $50.00 per month a

## At a glance

- **Base rate:** 0.4%
- **Bonus rate:** 4.65% (conditions apply)

## Apply

Applications are handled by the provider: [Apply at Bank of us](https://bankofus.com.au/online-application?refer=bank-accounts)

## Deposit rates

| Type | Rate | Applies to | Interest paid |
| --- | --- | --- | --- |
| Variable | 0.4% | — | monthly |
| Bonus | 4.65% | — | monthly |

## Fees

| Fee | Type | Amount |
| --- | --- | --- |
| BPAY_ERROR_CORRECTION_PROCESSING_FEE — Applies where we are required to process the correction of a BPAY payment that is made by you in error. The fee does not apply where you are not responsible for the error. The fee is debited to your account when your funds are retrieved following correction. | Event | $10.00 |
| CHEQUE_DISHONOUR_(INWARD)_FEE — Applies where a cheque paid into your account with us is dishonoured. The fee is debited to your account on the date of dishonour. | Event | $12.00 |
| COUNTER_(CORPORATE)_CHEQUE_FEE — Applies where you request us to draw a counter/corporate cheque against funds held in your account, whether to a third party or to yourself. The fee is debited to your account at the end of the day in which the cheque is drawn. | Event | $10.00 |
| DUPLICATE_STATEMENT_FEE — Payable for each duplicate paper copy of your monthly statement you request. Charged at the time of your request. | Event | $5.00 |
| SPECIAL_CLEARANCE_FEE_ON_CHEQUE_DEPOSITS — Applies where you request us to obtain fast clearance of a cheque to be deposited to your account. The fee is debited to your account at the time of request. | Deposit | $25.00 |
| STALE_CORPORATE_CHEQUE_FEE — Applies where a counter/corporate cheque that you have arranged is still unpresented after 15 months from the date of issue. The fee is payable by you when we issue a replacement counter/corporate cheque on your behalf and is subtracted from the reissued/replacement cheque. Where the cheque value is $30.00 or less, a fee equivalent to the value of the cheque will apply. | Event | $30.00 |
| STOP_PAYMENT_FEE_ON_CORPORATE_CHEQUE — Applies to a request from you for a stop payment to be placed on a counter/corporate cheque due to theft or loss. The fee is debited to your account on the next business day following placement of the stop and includes the issuing of a replacement cheque. | Event | $25.00 |
| ALERT_FEE_(SMS) — Applies to each Alert sent to you by SMS. The fee is debited to your nominated account at the end of the day in which the SMS is initiated | Event | $0.25 |
| INTERIM_STATEMENT_FEE — Per statement. Applies where you request an interim statement between your existing statement cycle. The fee is debited to your account when we issue the interim statement(s). | Event | $2.00 |
| REAL_TIME_GROSS_SETTLEMENT_PAYMENT_FEE — Applies where you initiate the transfer of cleared funds, via RTGS, to another financial institution within Australia. The fee is debited to your account at the time the transfer is initiated | Event | $25.00 |

## Features

- **To obtain the Bonus rate, you need to deposit a minimum of $50 into the account during the month and make no withdrawals or transfers from the account.**
- **Digital banking**
- **Real-time payments (NPP)**
- **PayID**

## Eligibility

- **Individuals only**

## Constraints

- **Opening balance** — $1.00

## More information from Bank of us

- [Overview](https://bankofus.com.au/bank-accounts)
- [Terms & conditions](https://bankofus.com.au/source-assets/documents/compliance/Summary-of-Accounts-Availability-of-Access-Facilities-and-Transaction-Limits-15-July-2024.pdf)
- [Eligibility](https://bankofus.com.au/source-assets/documents/compliance/Summary-of-Accounts-Availability-of-Access-Facilities-and-Transaction-Limits-15-July-2024.pdf)
- [Fees & pricing](https://bankofus.com.au/source-assets/documents/compliance/Fees-and-Charges-Schedule-1-July-2021.pdf)

## Data provenance

- Published by Bank of us under the Consumer Data Right
- Product ID: `Save_up`
- Last updated by the provider: 30 May 2026
- Source payload (JSON): https://www.cdrcompare.au/api/raw/bank-of-us/Save_up
- Provider page: https://www.cdrcompare.au/brands/bank-of-us
- CDR register entry: https://www.cdr.gov.au/find-a-provider?provider=000236

---

Source: [CDR Compare](https://www.cdrcompare.au/brands/bank-of-us/products/Save_up) — product data published by Australian data holders under the Consumer Data Right. Not financial advice; no rankings, recommendations or affiliate relationships. Always confirm details with the provider.

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