The Finance Algorithm
Central West Credit Union Ltd logoCentral West Credit Union Ltd

S2 Budget Savings Account

For budgeting and reaching your financial goals

Savings & transaction accountsBank updated 31 May 2026

At a glance

Base rate
0.05%

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.

This account: 0.05%Every other institution's highest, 60 in all

Paid whatever you deposit or spend. One dot per institution, at its highest savings rate with no bonus conditions anyone can apply for; hover or tap a dot for its name.

RateThis accountBest anywhereTypical institutionWhere it sits
No bonus conditionsPaid whatever you deposit or spend0.05%4.80%MoveBank's Online Saver2.25%of 61 institutions55th highest of 61, level with one other

Rates

Every rate Central West Credit Union Ltd publishes for this account, 2 in all.

TypeApplies toTermBandRateComparisonConditions
Variable--up to $5,0000.05%-paid every 1 yr
Variable--$5,000+0.05%-paid every 1 yr

Fees

7 fees published, grouped by when they're charged.

While you hold it1

  • PAPER_STATEMENT_FEE

    Under 16 years of age

    $2.50

When you make a transaction5

  • DIRECT_DEBIT_REJECTION_FEE
    $10
  • STAFF_ASSISTED_BPAY_TRANSACTION_FEE
    $1
  • STAFF_ASSISTED_DIRECT_TRANSFER_FEE

    $10 for immediate transfer

    $5
  • OVER_THE_COUNTER_CASH_WITHDRAWALS

    Discounts apply Under 18 years of age Relationship Balance

    $1.50
  • OVERDRAWN_ACCOUNT_FEE
    $10

When particular things happen1

  • DORMANT_ACCOUNT_FEE

    Charged after 2 years of inactivity

    $10

Features

Digital bankingUnlimited transactions

Eligibility and limits

  • Residency: Australian Residents only

Published by Central West CUL 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.