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Be rewarded for making saving a habit

Bonus interest*
Every month your balance grows by $50
Earn higher interest
the larger your savings
Strong base rate
Earn a competitive base rate even when you don’t grow your balance

Rates


1.80 % P.A.


For balances
less than $99,999.99

This rate is a combination of the bonus variable rate of 1.20% p.a. and a base variable rate of 0.60% p.a.

2.10 % P.A.


For balances $100,000
to $249,999.99

This rate is a combination of the bonus variable rate of 1.50% p.a. and a base variable rate of 0.60% p.a.

2.25 % P.A.


For balances
over $250,000+

This rate is a combination of the bonus variable rate of 1.65% p.a. and a base variable rate of 0.60% p.a.

Balance Standard variable rate Standard Bonus* Earn up to
Balances up to $19,999.99 0.60% p.a. 1.20% p.a. 1.80% p.a.
Balances $20,000 to $99,999.99 0.60% p.a. 1.20% p.a. 1.80% p.a.
Balances $100,000 to $249,999.99 0.60% p.a. 1.50% p.a. 2.10% p.a.
Balances $250,000 to $499,999.99 0.60% p.a. 1.65% p.a. 2.25% p.a.
Balances $500,000 to 1M 0.60% p.a. 1.65% p.a. 2.25% p.a.
Balances 1M+ 0.60% p.a. 1.65% p.a. 2.25% p.a.

* Grow your account balance by at least $50 each month to earn bonus interest (if you are under 21, grow your account balance by any amount each month).

Fees and charges

  • Incentive Saver has no set up or monthly fees

    The main thing to remember is that you will receive an overall higher interest rate if you grow your account balance by the required amount before the last business day of each month.


    Please read the Terms and Conditions for the full fee schedule.

Features

Automatic transfers
Help yourself get the total reward rate by setting up a monthly deposit in online banking.
Uncapped saving
Interest is calculated on the total balance of your Incentive Saver with no limit on deposit amounts. 
Government guarantee
The Financial Claims Scheme guarantees deposits to a cap of $250,000 per account-holder.
Quick Balance
Know exactly how much money you have on hand, at a glance at your smartphone or watch.

In detail

Before making a decision, please read the terms and conditions and ensure you're aware of all fees and charges.

How to open an account

1.
Read both the terms and conditions, and fees above
2.
Give yourself a few minutes
3.
Have your ID handy
4.
Have your Tax File Number (TFN) ready