Bank of us
Spring 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
Savings & transaction accountsBank updated 31 May 2026
At a glance
- Base rate
- 0.00%
- Bonus rate
- 5.25%
- Up to
- 5.25%
§ 01 — Rates · 6
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Bonus | — | — | up to $25,000 | 2.25% | — | paid every 1 mo |
| Bonus | — | — | $25,000–$50,000 | 5.25% | — | paid every 1 mo |
| Bonus | — | — | $50,000+ | 5.25% | — | 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 |
§ 02 — Fees · 10
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| SPECIAL_CLEARANCE_FEE_ON_CHEQUE_DEPOSITS | Deposit | $25 | — | 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. |
| ALERT_FEE_(SMS) | Event | $0.25 | — | 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 |
| BPAY_ERROR_CORRECTION_PROCESSING_FEE | Event | $10 | — | 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… |
| CHEQUE_DISHONOUR_(INWARD)_FEE | Event | $12 | — | Applies where a cheque paid into your account with us is dishonoured. The fee is debited to your account on the date of dishonour. |
| COUNTER_(CORPORATE)_CHEQUE_FEE | Event | $10 | — | 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… |
| DUPLICATE_STATEMENT_FEE | Event | $5 | — | Payable for each duplicate paper copy of your monthly statement you request. Charged at the time of your request. |
| INTERIM_STATEMENT_FEE | Event | $2 | — | 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). |
| REAL_TIME_GROSS_SETTLEMENT_PAYMENT_FEE | Event | $25 | — | 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 |
| STALE_CORPORATE_CHEQUE_FEE | Event | $30 | — | 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… |
| STOP_PAYMENT_FEE_ON_CORPORATE_CHEQUE | Event | $25 | — | 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… |
§ 03 — Features
Instant paymentsPayIDDigital banking
- · 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…
§ 04 — Eligibility & limits
- · Residency: Tasmanian resident
- · Available to individuals
- · Opening balance $50,000
§ 05 — Compare
§ 06 — Run the numbers
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Published by Bank of us under the Consumer Data Right, last changed by them on 31 May 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.