Bank Australia Savings Rates — up to 5.10% p.a.

Bank Australia is a customer-owned bank offering three savings accounts. The Bonus Saver combines a base rate with a bonus rate, with the bonus paid when at least $100 is deposited and no withdrawals are made in the month — interest is calculated daily on the full balance and credited monthly. The Christmas Saver is a seasonal account for customers aged 13 and over: funds are locked away and released on 1 November each year, ready for summer spending. The Online Saver is a plain at-call account with no monthly conditions to meet.

Deposits with Bank Australia are protected under the Financial Claims Scheme up to $250,000 per account holder per ADI.

Savings Accounts

Bonus Saver

View on bank website ↗

5.10% p.a.

ongoing rate

Rate breakdown

Base rate: 0.10%

Bonus rate: + 5.00%

How to earn it

Deposit $100 or more and make no withdrawals during the calendar month. Bonus rate applies on balances up to $100,000.

Bonus rate applies on balances up to $100,000

The most common way to miss the bonus is a single withdrawal anywhere in the month — even a small one, or a fee that debits the account — resets you to the base rate for that month. The $100 deposit requirement and zero-withdrawal requirement both apply for the whole calendar month, not just at the point of deposit. Above $100,000 you don't drop to the base rate: balances from $100,000.01 to $1,999,999.99 earn 4.75% p.a. and balances of $2,000,000+ earn 2.75% p.a. when conditions are met.

Rate current since 21 May 2026.