Bonus Savings Account
Grow your savings with our Bonus Savings Account.
Earn a great bonus rate each month if you make a deposit of any amount and no withdrawals with our Bonus Savings Account. It doesn’t matter if you deposit $1 or $1,000 each month, either way you can earn bonus interest. Best of all, there’s no maximum or minimum balance requirements, so you can have as much or as little as you like sitting in your account. So why not save your way with our Bonus Savings Account?
When is my interest paid?
If you’ve made a deposit of any amount and no withdrawals in the month:
- Your base rate and bonus interest will be paid into your Bonus Saving Account at the end of the calendar month, with the description ‘Interest Credit’.
It’s important to note that you won’t be able to see the rate applied in your App or Internet banking until it’s paid at the end of the month.
Earn high interest
Every month a deposit is made with no withdrawals.
No withdrawal or monthly fees
Set up regular direct deposits
To make sure you earn bonus interest.
FAQs
Read our FAQs
Bonus Savings Account interest rates
| Product Name | Interest Rate | Bonus + Rate |
|---|---|---|
| Bonus Savings Account | 0.01% pa | 3.50% p.a. |
Total interest is earned each month you make a deposit of any amount with no withdrawals.
Bonus Savings Account Fees
Fee
Amount
Monthly Fee
$0
Other fees and charges may apply. This is general advice only and you should consider the terms and conditions before determining whether any of our products are suitable to your situation.
Start your application now
Apply online
If this sounds like the account for you, apply online right now!
Already a member?
Open an account using your Mobile Banking App or Internet Banking.
Mobile Banking App
- Select ‘Open new account’ from the drop-down menu and follow the instructions.
Internet Banking
- Select Apply for from the top navigation menu, click Account and follow the instructions.
Contact us
You can contact us by calling us, visiting us, making an appointment, or using Secure Mail.
FREQUENTLY ASKED QUESTIONS
View all Bonus Savings Account FAQsThere is no maximum balance for this account. It doesn’t matter if you have $1 or $100,000 sitting in your account, you’ll earn the bonus interest as long as you make at least one deposit and no withdrawals during the calendar month.
No, you can withdraw your money at any time. If you make a withdrawal, it just means you won’t earn the bonus interest for that calendar month.
You must make one deposit of any amount and no withdrawals each month.
Yes, up to $250,000 is covered by the Government Financial Claims Scheme.
Find out more by visiting APRAs website.
Yes, you can open as many Bonus Savings Accounts as you like. Each account will need to have at least one deposit and no withdrawals during the calendar month to qualify for the bonus interest.
No, there is no fee for withdrawing money from your account. If you make a withdrawal, it just means you won’t earn the bonus interest for that calendar month.
Interest is calculated daily and paid at the end of the calendar month into your Bonus Saving Account, with the description ‘Interest Credit’.
No, you won’t be able to see the rate applied until it’s paid at the end of the month but as long as you’ve made one deposit and no withdrawals you will be eligible for the bonus interest rate.
Yes, you can send money instantly as long as the corresponding bank or credit union also accepts Osko payments. Otherwise, it can take up to 48 business hours to process.
Calculators
We’ve got you sorted with a number of handy calculators that will help you work out exactly what you’ll need to do to achieve your financial goals, whether that be borrowing money, making repayments, or creating a savings plan.
RELATED PRODUCTS
How we
can help
Contact us
You can contact us by calling us, visiting us, making an appointment, or using Secure Mail.
Call us
We’re here to answer any questions you might have – make sure you have your Access Code ready!
Visit us
400 King William Street, Adelaide has self-service options available to make your life easier.
Mobile Lending Managers
Our Mobile Lending Managers can help our members by phone or email, with video calls now available.
INFORMATION YOU SHOULD KNOW
Other fees and charges may apply. This is general advice only and you should consider the terms and conditions before determining whether any of our products are suitable to your situation.
The target market for this product can be found within the product’s Target Market Determination (TMD), available at creditunionsa.com.au/legal/terms-and-conditions/target-market-determination.