Essential Saver account
Transaction & Savings AccountsData Sharing Status
An interest bearing online savings account with a tiered interest rate structure
- Base rate
- 5%
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable | 5% | Essential Saver account_Tier_1 | monthly |
| Variable | 5% | Essential Saver account_Tier_2 | monthly |
| Variable | 5% | Essential Saver account_Tier_3 | monthly |
| Variable | 3% | Essential Saver account_Tier_4 | monthly |
| Variable | 3% | Essential Saver account_Tier_5 | monthly |
Features
- Unlimited transactions
- Digital banking
- PayID
- Real-time payments (NPP)
- Notifications — Track payments with SMS and email alerts.
- No fees for accessing your account online or via phone banking.
- No monthly access fee.
- No minimum balance.
Eligibility
- You must be a member. Membership is open to current or retired employees of the Australian education sector or family members of members (i.e. shareholders) of the Bank.
- Residency status — Individuals must be citizens or permanent residents of Australia.
More Information
Published by Firefighters Mutual Bank under the Consumer Data Right · Last updated 26 June 2026 · Product ID 1117eb64-3f4e-415a-8ed5-904d15457a68 · View on CDR.gov.au