Bank AustraliaBonus Saver
A savings account which helps you reach your financial goals faster by rewarding you with bonus interest when you deposit at least $100 and make no withdrawals each month.
At a glance
- Up to
- 5.35%
- Base rate
- 0.10%
- Bonus rate
- 5.25%
- Intro rate
- 0.50% for 3 mo
How it compares
This account in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.
What a bonus account pays in a month its conditions aren't met. One dot per institution, at its highest base rate on a bonus savings account anyone can apply for; hover or tap a dot for its name.
| Rate | This account | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| Bonus savings accountBase plus bonus, when every condition is met | 5.35% | 5.75%Defence Bank Limited's iSaver | 5.25%of 51 institutions | 13th highest of 51, level with 7 others |
| Bonus account, conditions missedWhat a bonus account pays in a month its conditions aren't met | 0.10% | 3.45%Heritage's Online Saver Account | 0.10%of 43 institutions | 18th highest of 43, level with 10 others |
Rates
Every rate Bank Australia publishes for this account, 5 in all.
How the rate is made up
5.35%in a month every condition is met
To earn the bonus
- Bonus interest when you deposit at least $100 each month.
- Bonus interest when you make no withdrawals in a calendar month
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| BonusEarn monthly bonus interest when $100 is deposited each month and there are no withdrawals in the month. If these conditions aren't met, you will only be eligible to receive the base variable interes… | - | - | up to $100,000 | 5.25% | - | paid every 1 mo; Bonus interest when you deposit at least $100 each month.; Bonus interest when you make no withdrawals in a calendar month; Interest rate is variable, calculated daily on whole of balance and credited monthly. |
| BonusEarn monthly bonus interest when $100 is deposited each month and there are no withdrawals in the month. If these conditions aren't met, you will only be eligible to receive the base variable interes… | - | - | $100,000–$2,000,000 | 4.90% | - | paid every 1 mo; Bonus interest when you deposit at least $100 each month.; Bonus interest when you make no withdrawals in a calendar month; Interest rate is variable, calculated daily on whole of balance and credited monthly. |
| BonusEarn monthly bonus interest when $100 is deposited each month and there are no withdrawals in the month. If these conditions aren't met, you will only be eligible to receive the base variable interes… | - | - | $2,000,000+ | 2.90% | - | paid every 1 mo; Bonus interest when you deposit at least $100 each month.; Bonus interest when you make no withdrawals in a calendar month; Interest rate is variable, calculated daily on whole of balance and credited monthly. |
| IntroductoryFixed bonus rate for the first three months when you open a new Bonus Saver account (on balances up to $100,000) | - | 3 mo intro | up to $100,000 | 0.50% | - | paid every 1 mo |
| VariableThe base variable rate applies if the bonus conditions are not met. If the bonus conditions are met then the bonus variable rate applies in addition to the base variable rate. The interest rate is ca… | - | - | - | 0.10% | - | paid every 1 mo |
Rate changes
3 changes logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 16 Oct 2026 | Bonus, up to $100,000 | 5.00% | 5.25% | up 0.25 |
| 16 Oct 2026 | Bonus, $100,000–$2,000,000 | 4.65% | 4.90% | up 0.25 |
| 16 Oct 2026 | Bonus, $2,000,000+ | 2.65% | 2.90% | up 0.25 |
Each change is logged the night it appears in the rates Bank Australia publishes. See how every lender answered the RBA on the rate tracker.
Fees
15 fees published, grouped by when they're charged.
While you hold it1
- Dormancy Fee
Administration fee where account has been transferred to dormancy status.
$10 a year
When you make a transaction6
- Inwards Payment fee
International money transfer from overseas (other fees may be charged by participating banks involved in the transaction or settlement). The cost is per transaction.
No fee - Online international payment in foreign currency
This fee is charged when you make an International Payment in foreign currency on-line via Internet banking or Bank Australia app. The cost is per transfer.
$10 - Staff assisted international payment in AUD
This fee is charged when you make an International Payment in AUD via a Branch or the Contact Centre. The cost is per transfer.
$30 - International transaction fee (ITF)
When you undertake an International transaction on a Bank Australia Visa Debit Card you will be charged the fee. An International transaction is any purchase, withdrawal or credit in a currency other…
3.00% of transaction - Same day funds transfers within Australia fee (RTGS)
This fee is for a Real Time Gross Settlement (RTGS) payment which refers to the process of transferring money from one bank to another in Australia on a real time and gross basis. The cost is per tra…
$20 - Staff assisted international payment in foreign currency
This fee is charged when you make an International Payment in foreign currency via a Branch or the Contact Centre. The cost is per transfer.
$30
If a payment is late or fails1
- Dishonour Fee
A fee charged where a debit presented to us is dishonoured because there aren't enough available funds in your account.
No fee
When particular things happen7
- Certificates supplied by the bank
A fee for comprehensive certificates supplied for audit. The cost is $5 per page and $25 per hour.
$5 - Debit interest charge rate
Additional interest charged on overdrawn account.
12.39% of transaction - Duplicate statement fee
$5 per statement (for period more than 3 months before request). A fee that may be charged if you order a copy of a statement that has already been issued on your account. This fee per statement and…
$5 - Exceeding available funds fee
A fee charged when you exceed the actual balance or authorised limit of your savings account, transaction account, or overdraft facility greater than $100 payable on the day the event occurs or next…
No fee - Security token fee
When you request that we provide you with a physical Token to provide an additional layer of security when you engage in transactions that carry a higher risk. We do not charge for the virtual token.
$50 - SMS alert fee
This fee is charged when you elect to receive notifications about your account via SMS messages to a mobile telephone number you have given us for contacting you. The cost is per SMS.
$0.25 - Staff assisted withdrawal fee
A fee charged for taking money out of your account with the assistance of a staff member, charged on the day the service is provided.
No fee
Features
- Make a minimum deposit of $100 to the account and no withdrawals for the month to receive bonus variable rates. If these conditions aren't met, you will only be eligible to receive the base variable…
Eligibility and limits
- Residency: AU
- Available to individuals
- Personal, Joint and Trust
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Published by Bank Australia under the Consumer Data Right, last changed by them on 16 Oct 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.