Savings account
Bonus Saver
Current savings rate from Bank Australia. Compare the ongoing rate, bonus conditions, introductory offers, and eligibility in one place.
Bonus Saver
View on bank website ↗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.
What to know
This page focuses on the ongoing rate: 5.10% p.a. That is the rate after any honeymoon period ends.
To earn the full rate, you need to meet these conditions: Deposit $100 or more and make no withdrawals during the calendar month. Bonus rate applies on balances up to $100,000.
If you miss the conditions in a given month, you earn only the base rate: 0.10% p.a.
Most common catch: 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.
The bonus component is capped at $100,000.
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The information on this page is general in nature and does not constitute financial advice. Rates are subject to change — verify directly with the provider before making a financial decision.