The Finance Algorithm
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Netsave Account

An introductory interest rate is applied when a member opens a new Netsave account. The introductory interest is applied for the first 4 months as well as the variable base interest rate. After the first 4 months the only interest received is the base rate.

Savings & transaction accountsBank updated 4 Nov 2026

At a glance

Base rate
1.25%
Intro rate
4.40% for 4 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.

This account: 1.25%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 spend1.25%4.80%MoveBank's Online Saver2.25%of 61 institutions42nd highest of 61

Rates

Every rate Credit Union SA publishes for this account, 2 in all.

TypeApplies toTermBandRateComparisonConditions
Introductory-4 mo intro-4.40%-paid every 1 mo
Variable---1.25%-paid every 1 mo

Rate changes

3 changes logged, newest first.

DateRateWasNowChange
5 Nov 2026Introductory, 4 mo intro4.15%4.40%up 0.25
23 Oct 2026Introductory, 4 mo intro4.00%4.15%up 0.15
14 Oct 2026Introductory, 4 mo intro3.75%4.00%up 0.25

Each change is logged the night it appears in the rates Credit Union SA publishes. See how every lender answered the RBA on the rate tracker.

Fees

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

While you hold it1

  • Deposit Periodic

    Where permitted by the account terms and conditions, you can perform unlimited transactions of the following types and we will not charge you a transaction fee: ATM enquiry, ATM transfer, ATM withdra…

    No fee

When you make a transaction1

  • Transaction

    Payable whenever we send you a letter because you do not make a repayment in full on or before the due date and the default continues for 3 days or more.

    No fee

When particular things happen1

  • Arrears
    No fee

Features

Instant paymentsPayIDDigital bankingUnlimited transactions
  • Round-ups (destination account)
  • Business Banking can be attached to the product

Eligibility and limits

None published.

Published by Credit Union SA under the Consumer Data Right, last changed by them on 4 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.