Esaver Account
Maximise your interest return with an online savings account for balances over $1000
- Base rate
- 1%
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable | 15.9% | — | — |
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable | 0% | Esaver Account_Tier_1 | every 6 months |
| Variable | 1% | Esaver Account_Tier_2 | every 6 months |
Features
- Digital banking
- PayID
- Real-time payments (NPP)
- Notifications — SMS/Email Alerts - Set up SMS or email alerts for credits, debits, logins to your account and more
- Sub accounts - For budgeting purposes, separate your funds into multiple accounts
- Government Guarantee - Under the FCS certain deposits are protected up to a limit of $250,000 for each account holder at any bank, building society, credit union or other authorised deposit-taking institution (ADI) that is incorporated in Australia and authorised by the Australian Prudential Regulation Authority (APRA).
- Overdrawn accounts (with a balance below $0.00) will be charged the current lending rate applicable to the account. See Lending Rates above.
Eligibility
- Individuals only
- Residency status — If not an Australian resident, you must complete a Tax Residency Declaration
- Must be a shareholder owning a $10 share. Each shareholder holds an equal share regardless of their balance. Shareholders have a say in how we are run. "Own your Bank". $10 share is refunded if you choose to close your account.
- To be eligible to join you must be at least 8 years of age and referred by a family member or friend who already has an account with LCU. Alternatively you may be eligible to join if you: work or live in the greater Ryde area; have an association with Riverside Corporate or Macquarie Park; or work in a STEM industry.
More Information
Published by Laboratories Credit Union under the Consumer Data Right · Last updated 31 March 2026 · Product ID S50_ESAVER_ACCOUNT · View on CDR.gov.au · View Source Data (JSON)