Bank of usSpring Load
The Spring Load account is a maximum period (term) account, which is available to Tasmanian residents who are depositing new money with Bank of us. The maximum period commences on the day the account
At a glance
- Up to
- 5.50%
- Base rate
- 0.00%
- Bonus rate
- 5.50%
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.
| Rate | This account | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| Bonus savings accountBase plus bonus, when every condition is met | 5.50% | 5.75%Defence Bank Limited's iSaver | 5.25%of 51 institutions | 7th highest of 51, level with 2 others |
Rates
Every rate Bank of us publishes for this account, 6 in all.
How the rate is made up
5.50%in a month every condition is met
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Bonus | - | - | up to $25,000 | 2.50% | - | paid every 1 mo |
| Bonus | - | - | $25,000–$50,000 | 5.50% | - | paid every 1 mo |
| Bonus | - | - | $50,000+ | 5.50% | - | paid every 1 mo |
| Variable | - | - | up to $25,000 | 0.00% | - | paid every 1 mo |
| Variable | - | - | $25,000–$50,000 | 0.00% | - | paid every 1 mo |
| Variable | - | - | $50,000+ | 0.00% | - | paid every 1 mo |
Rate changes
3 changes logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 3 Nov 2026 | Bonus, up to $25,000 | 2.25% | 2.50% | up 0.25 |
| 3 Nov 2026 | Bonus, $25,000–$50,000 | 5.25% | 5.50% | up 0.25 |
| 3 Nov 2026 | Bonus, $50,000+ | 5.25% | 5.50% | up 0.25 |
Each change is logged the night it appears in the rates Bank of us publishes. See how every lender answered the RBA on the rate tracker.
Fees
10 fees published, grouped by when they're charged.
When you make a transaction1
- SPECIAL_CLEARANCE_FEE_ON_CHEQUE_DEPOSITS
Applies where you request us to obtain fast clearance of a cheque to be deposited to your account. The fee is debited to your account at the time of request.
$25
When particular things happen9
- ALERT_FEE_(SMS)
Applies to each Alert sent to you by SMS. The fee is debited to your nominated account at the end of the day in which the SMS is initiated
$0.25 - BPAY_ERROR_CORRECTION_PROCESSING_FEE
Applies where we are required to process the correction of a BPAY payment that is made by you in error. The fee does not apply where you are not responsible for the error. The fee is debited to your…
$10 - CHEQUE_DISHONOUR_(INWARD)_FEE
Applies where a cheque paid into your account with us is dishonoured. The fee is debited to your account on the date of dishonour.
$12 - COUNTER_(CORPORATE)_CHEQUE_FEE
Applies where you request us to draw a counter/corporate cheque against funds held in your account, whether to a third party or to yourself. The fee is debited to your account at the end of the day i…
$10 - DUPLICATE_STATEMENT_FEE
Payable for each duplicate paper copy of your monthly statement you request. Charged at the time of your request.
$5 - INTERIM_STATEMENT_FEE
Per statement. Applies where you request an interim statement between your existing statement cycle. The fee is debited to your account when we issue the interim statement(s).
$2 - REAL_TIME_GROSS_SETTLEMENT_PAYMENT_FEE
Applies where you initiate the transfer of cleared funds, via RTGS, to another financial institution within Australia. The fee is debited to your account at the time the transfer is initiated
$25 - STALE_CORPORATE_CHEQUE_FEE
Applies where a counter/corporate cheque that you have arranged is still unpresented after 15 months from the date of issue. The fee is payable by you when we issue a replacement counter/corporate ch…
$30 - STOP_PAYMENT_FEE_ON_CORPORATE_CHEQUE
Applies to a request from you for a stop payment to be placed on a counter/corporate cheque due to theft or loss. The fee is debited to your account on the next business day following placement of th…
$25
Features
- You can make up to 5 withdrawals or transfers from the Spring Load account in any one month without impacting the credit interest paid on the account. However, if you make more than 5 withdrawals or…
Eligibility and limits
- Residency: Tasmanian resident
- Available to individuals
- Opening balance $50,000
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Published by Bank of us under the Consumer Data Right, last changed by them on 2 Nov 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.