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Grow your monthly balance and we’ll reward your dedication

Deposit
At least once a month*
Save
with flexibility to withdraw
Earn
up to reward interest rate

Rates


2.45 % P.A.


Maximum
reward rate

The maximum reward rate is a combination of the bonus variable rate of  1.65% p.a. and a base variable rate of 0.80% p.a. for balances above $250,000.

0.8 % P.A.


Base
rate

When monthly balance growth requirements aren’t met – refer to T&Cs for more information.

Balance Standard variable rate Standard Bonus* Earn up to
Balances up to $19,999.99 0.80% p.a. 1.20% p.a. 2.00% p.a.
Balances $20,000 to $99,999.99
0.80% p.a. 1.20% p.a. 2.00% p.a.
Balances $100,000 to $249,999.99
0.80% p.a. 1.50% p.a. 2.30% p.a.
Balances $250,000 to $499,999.99
0.80% p.a. 1.65% p.a. 2.45% p.a.
Balances $500,000 to 1M
0.80% p.a. 1.65% p.a. 2.45% p.a.
Balances 1M+ 0.80% p.a. 1.65% p.a. 2.45% p.a.

* For customers aged 21 years and over: grow your account by at least $50 a month.
For customer aged under 21 years (for joint accounts, both account holders must be under 21): grow your account by $0.01 a month.

Fees and charges

  • The Incentive Saver has no setup 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 detailed 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