LCU
Savvy Saver
Reach your savings goals faster with bonus interest rate by making a minimum deposit of $200 and no withdrawals during the month
Savings & transaction accountsBank updated 5 May 2026
At a glance
- Base rate
- 0.01%
- Bonus rate
- 3.65%
- Up to
- 3.66%
§ 01 — Rates · 8
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Bonus | — | — | up to $100,000 | 3.65% | — | paid every 1 mo |
| Bonus | — | — | $100,000–$500,000 | 3.55% | — | paid every 1 mo |
| Bonus | — | — | $1,000,000+ | 3.35% | — | paid every 1 mo |
| Bonus | — | — | $500,000–$1,000,000 | 3.45% | — | paid every 1 mo |
| Variable | — | — | up to $100,000 | 0.01% | — | paid every 1 mo |
| Variable | — | — | $100,000–$500,000 | 0.01% | — | paid every 1 mo |
| Variable | — | — | $1,000,000+ | 0.01% | — | paid every 1 mo |
| Variable | — | — | $500,000–$1,000,000 | 0.01% | — | paid every 1 mo |
§ 03 — Features
Instant paymentsPayIDDigital banking
- · BPAYView - Receive your bills directly to your internet banking and pay with one click
- · Government Guarantee - Under the FCS certain deposits are protected up to a limit of $250,000 for each account holder at any bank, building society, credit union or other authorised deposit-taking in…
- · Receive international payment to your account through Western Union. No fee for sender or receiver.
- · Send International Payments self serve through your internet banking or staff assisted
- · International exchange on foreign cheques and cash
- · International purchase foreign draft
- · International purchase foreign cash
- · International Prepaid MasterCard Cash Passport
- · Overdrawn accounts (with a balance below $0.00) will be charged the current lending rate applicable to the account. See Lending Rates above.
- · Free LCU counter cheque - order a counter cheque online or in person at no cost.
- · Direct Debit facility available - allow a third party to transfer money from your account, typically to pay bills eg. Phone, energy, gym
- · Direct Credit facility available - automatically credit your LCU account with funds from another bank account
§ 04 — Eligibility & limits
- · Residency: If not an Australian resident, you must complete a Tax Residency Declaration
- · Available to individuals
- · Must be a shareholder owning a $10 share. Each shareholder holds an equal share regardless of their balance. Shareholders have a say in how we are run. "Own your Bank". $10 share is refunded if you c…
- · To be eligible to join you must be at least 8 years of age and referred by a family member or friend who already has an account with LCU. Alternatively you may be eligible to join if you: work or liv…
§ 05 — Compare
§ 06 — Run the numbers
Put this product through a calculator
Published by Laboratories Credit Union under the Consumer Data Right, last changed by them on 5 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.