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Bonus saver accounts

See a list of the top bonus saver accounts in Australian banks

AMP Bank

AMP Saver Account

Interest Rate: from 1.20% to 5.40%

Sum: from 1,000.00$ to 250,000.00$

Term, days: from 1.00

no monthly fees

1.20% pa standard rate

+ 4.20% pa Deposit Bonus Interest Rate

ANZ Bank

ANZ Online Saver

Interest Rate: from 1.50% to 3.65%

Term, days: from 1.00 to 90.00

Standard variable rate 1.50% p.a.

+ bonus interest 2.15% p.a.

No minimum balance.

No monthly account service fee.

Australian Military Bank

Online Saver Account

Interest Rate: from 0.10% to 4.50%

Sum: from 0.00$ to 500,000.00$

Interest Rate - 0.10% p.a.

Bonus Interest Rate - + 4.40% p.a. if no withdrawals in calendar month

Monthly account keeping fee: $0

Australian Mutual Bank

Savings Motivator Account

Interest Rate: from 0.35% to 4.65%

Sum: from 1.00$

Periodic payments : No

Funds available : Yes

Interest income : Calculated daily, paid monthly

Annual fee : $0

Monthly fee : $0

Bank Australia

Bonus Saver

Interest Rate: from 0.01% to 4.75%

Sum: from 0.01$ to 2,500,000.00$

Base variable rate - 0.10% p.a.

Bonus variable rate - 4.65% p.a.

Depositing $100+ each month

Make no withdrawals each month

Bank First

Bonus Saver

Interest Rate: from 0.05% to 4.55%

Sum: from 0.00$

Base rate - 0.05%

Bonus rate:

$0 - $149,999 - 4.55%

$150,000 and over - 4.55%

Account keeping fee - $0

Transaction fees - $0

Annual fee - $0

Bank of Queensland

Smart Saver Account

Interest Rate: from 0.05% to 5.00%

Enjoy bonus interest each month when you meet the criteria

No monthly fees

Interest is calculated daily and paid monthly

Interest rates are variable rates and are subject to change at any time

Bank SA

Maxi Saver

Interest Rate: from 1.10% to 5.00%

3 month intro fixed rate for new customers

Freedom to access your savings

Earn interest on every dollar when you maintain a positive balance

BankVic

Bonus Saver

Interest Rate: from 0.05% to 4.55%

$0 account keeping fees

No minimum balance required

Interest paid monthly

Earn bonus interest when you deposit at least $100 per month with no withdrawals

Bankwest

Easy Saver

Interest Rate: from 4.00% to 5.10%

No minimum opening balance or minimum monthly deposit needed

Earn interest even when you move money in and out of your savings

Monthly maintenance fee - $0

Easy Saver variable introductory rate for the first four months

Bendigo and Adelaide Bank

EasySaver

Interest Rate: from 3.75%

Sum: from 1.00$

Interest calculated daily and paid monthly

No monthly service fee

Free e-banking transactions

Two free branch withdrawals per month

Beyond Bank Australia

Purple Bonus Saver Account

Interest Rate: from 0.01% to 4.65%

Sum: from 0.00$

You earn bonus interest when you deposit at least $50 each month and make no withdrawals during the same month (for balances $0-$200,000)

No monthly account-keeping fees

No minimum starting balance

CommBank

GoalSaver

Interest Rate: from 0.40% to 4.90%

Earn bonus interest when you grow your savings balance each calendar month

The standard variable rate of 0.40% p.a. will apply if the bonus interest conditions aren't met

Interest calculated daily and paid monthly

Monthly account fee - $0

Defence Bank

iSaver

Interest Rate: from 1.25% to 4.75%

Bonus introductory fixed savings rate for six months

Interest is calculated daily on the closing balance and credited on the last day of each month

No monthly account fees

No penalties for withdrawals

G&C Mutual Bank

Bonus Saver

Interest Rate: from 0.10% to 4.65%

Sum: from 0.00$

Earn base interest plus bonus interest on eligible accounts

No minimum balance required

View account summary via eStatements

Geelong Bank

Affinity Saver Account

Interest Rate: from 4.35%

Sum: from 0.00$

Funds are available 24 hours a day, 7 days a week via Internet/Mobile Banking, ATM and eftpos

We pay a competitive interest rate identical to the RBA’s cash rate for balances of $2,000 to $100,000

Greater Bank

Bonus Saver

Interest Rate: from 4.00%

No monthly account-keeping fees or transaction fees

Can be opened as a single or joint account

Bonus interest

MyState Bank

Bonus Saver Account

Interest Rate: from 0.05% to 5.00%

Bonus interest when eligibility criteria met

Freedom to withdraw anytime

No monthly account keeping fees

NAB

NAB Reward Saver

Interest Rate: from 0.35% to 5.00%

Bonus interest to help boost your savings

No monthly account and transaction fees

A base interest rate with the flexibility to withdraw

P&N Bank

Hi Saver Account

Interest Rate: from 1.00% to 5.00%

Sum: from 0.00$

Earn bonus interest on your savings for the first four months

No monthly fees

No minimum balance required

Queensland Country Bank Limited

Bonus Saver account

Interest Rate: from 0.15% to 4.40%

Bonus interest rate achieved by depositing at least $20 per calendar month without conducting any withdrawals

No monthly account service fee

Rabobank

High Interest Savings Account

Interest Rate: from 3.40% to 5.75%

Bonus introductory variable rate for the first 4 months (up to $250,000)

Ongoing high interest rate to keep your savings growing & you reaching your goals faster

Three tiers of interest based on your balance

RACQ

Bonus Saver Account

Interest Rate: from 0.01% to 5.25%

Sum: from 0.00$

A deposit account with no minimum opening balance or ongoing balance

Earn bonus interest when you deposit $100 and make no debit transactions during a calendar month

Your interest is calculated daily on whole balances and paid monthly

St. George Bank

Maxi Saver

Interest Rate: from 1.10% to 5.00%

3 month intro fixed rate for new customers

Freedom to access your savings

Account-Keeping Fee - $0.00

Staff assisted (branch and telephone) - $0.00

Suncorp Bank

Growth Saver

Interest Rate: from 0.35% to 5.05%

No monthly account keeping fee

Bonus Interest

There is no debit card, ATM, eftpos or personal cheque access with this account

Westpac Bank

Westpac Life

Interest Rate: from 2.00% to 5.00%

For bonus interest eligibility, the balance on the last business day of the month must be higher than the last business day of the prior month (excluding interest paid)

No monthly fee

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What are bonus saver accounts in Australia?

Bonus saver accounts are accounts that offer bonus % rates as a reward for meeting certain conditions - usually making monthly deposits for a particular sum or 3-5 times.

What are the rates for notice savings accounts?

The base interest rate is usually small and often does not exceed 0.1%, while the bonus interest for meeting conditions is usually much higher and can be 3-4%.

Who is eligible to open a notice savings account?

Banks usually set the following criteria for opening an account:

  • be over 13-14 years old
  • have a current bank account
  • be an Australian citizen or permanent resident of the country 

Calculate income on a savings account for 1 year (example): 

Amount, $ Rate, % Income, $
15 000 0,10% 15,00
15 000 0,10% 15,00
15 000 0,10% 15,00
27 000 3,40% 918,00
27 000 3,40% 918,00
27 000 3,40% 918,00
74 000 4,00% 2 960,00
74 000 4,00% 2 960,00
74 000 4,00% 2 960,00

See the similar FAQ about savings in Australian banks:

Details of companies offering the financial services:

AMP Bank

Head office’s address: 2-12 Macquarie St

Contact center: 131-267

Phone: 61-2-8048-8249

Mail address: AMP Bank Reply Paid 79702 Parramatta NSW 2124

Web-site: https://www.amp.com.au/

Swift code: AMPBAU2SRET.

Stock code: AMP

BSB: 939-200

ANZ Bank

Head office’s address: 833 Collins Street

Contact center: 13-13-14

Phone: 61-3-9683-9999

Mail address: 833 Collins Street Docklands, Melbourne

Web-site: http://www.anz.com

Swift code: ANZBAU3M

Financial institution code: ANZ

Stock code: ANZ

ABN: 11 005 357 522

BSB: 015-891

Australian Military Bank

Head office’s address: 45 Clarence Street

Contact center: 1300 13 23 28

Phone: +61 2 9240 4122

Mail address: PO Box H151, Australia Square, NSW 1215

Web-site: https://www.australianmilitarybank.com.au

Swift code: AUMLAU21

ABN: 48 087 649 741

BSB: 642 170

Australian Mutual Bank

Head office’s address: 59 Buckingham Street

Contact center: 13 61 91

Phone: +61 2 9678 2111

Mail address: PO Box 881 Haymarket NSW 1240

Web-site: https://australianmutual.bank/

Swift code: CUSCAU2S

ABN: 93 087 650 726

BSB: 611 100

Bank Australia

Head office’s address: 222 High Street

Contact center: 61-132888

Phone: 61-3-9854-4666

Mail address: Bank Australia Locked Bag 2035, Collingwood VIC 3066 Australia

Web-site: https://bankaust.com.au/personal

ABN: 21 087 651 607

BSB: 313 140

Bank First

Head office’s address: 117 Camberwell Rd

Contact center: 1300-654-822

Phone: 61-3-9834-8560

Mail address: PO Box 338 Camberwell Vic 3124

Web-site: https://www.bankfirst.com.au/

ABN: 44 087 651 769

BSB: 704-191

Bank of Queensland

Head office’s address: 100 Skyring Ter

Contact center: 61-1300-557-272

Mail address: 100 Skyring Ter L 6, Newstead, Queensland, 4006

Web-site: http://www.boq.com.au/

Stock code: BOQ

ABN: 32 009 656 740

BSB: 124-001

Bank SA

Head office’s address: 97 King William Street

Contact center: 13-13-76

Phone: 61-2 9155-7850

Mail address: 97 King William Street, Adelaide, SA

Web-site: http://www.banksa.com.au/

Swift code: SGBLAU2S

ABN: 33 007 457 141

BankVic

Head office’s address: 505 Little Collins Street

Contact center: 61-136373

Phone: 61-136373

Mail address: Level 8, 505 Little Collins Street, Melbourne

Web-site: http://bankvic.com.au/

ABN: 33 087 651 661

BSB: 704 230

Bankwest

Head office’s address: 300 Murray St

Contact center: 61-131719

Phone: 61-8-9449-2840

Mail address: Bankwest PO Box E237 Perth WA 6841

Web-site: http://www.bankwest.com.au/

Swift code: BKWAAU6P

ABN: 48 123 123 124

BSB: 325-185

Bendigo and Adelaide Bank

Head office’s address: The Bendigo Centre

Contact center: 1-300-361-911

Phone: 61-2-8023-5417

Mail address: The Bendigo Centre PO Box 480 Bendigo Vic 3552

Web-site: http://www.bendigobank.com.au/

Swift code: BENDAU3B

Stock code: BEN

ABN: 11 068 049 178

BSB: 633-300

Beyond Bank Australia

Head office’s address: 100 Waymouth St

Contact center: 13-25-85

Phone: 61-8-8205-8888

Mail address: GPO Box 1430 Adelaide SA 5001

Web-site: http://www.beyondbank.com.au

Swift code: CUSCAU2S

ABN: 15 087 651 143

BSB: 805022

CommBank

Head office’s address: 201 Sussex Street

Contact center: 13-22-21

Phone: 61-2-8055-4001

Mail address: Level 10, Tower One, Darling Park, 201 Sussex Street

Web-site: https://www.commbank.com.au/

Swift code: CTBAAU2S

Stock code: CBA

ABN: 48 123 123 124

Defence Bank

Head office’s address: 31 Queen St

Contact center: 1-800-033-139

Phone: 61-3-8624-5888

Mail address: PO Box 14537 Melbourne VIC 8001

Web-site: http://www.defencebank.com.au/

Financial institution code: DBL

ABN: 57 087 651 385

BSB: 803205

G&C Mutual Bank

Head office’s address: 201 Elizabeth Street

Contact center: 1-300-364-400

Phone: 61-2-9307-5400

Mail address: PO Box A253, Sydney South NSW 1235

Web-site: http://www.gcmutualbank.com.au/

Financial institution code: SGE

ABN: 72 087 650 637

BSB: 659-000

Geelong Bank

Head office’s address: 107 Gheringhap Street

Contact center: 1300-361-555

Mail address: PO Box 1130 Geelong VIC 3220

Web-site: https://geelongbank.com.au/savings-loans/home-loans/1-2-home-loan/?gclid=EAIaIQobChMI54i5ytaa_wIVi9SyCh2KPAJ_EAAYAiAAEgL0v_D_BwE

Greater Bank

Head office’s address: 103 Tudor Street

Contact center: 13 13 86

Phone: +612 4921 9111

Mail address: Greater Bank PO Box 173, Hamilton NSW 2303

Web-site: https://www.greater.com.au/

Swift code: ASLLAU2CGBS

ABN: 88 087 651 956

BSB: 637 000

MyState Bank

Head office’s address: 137 Harrington St

Contact center: 13-80-01

Phone: 61-3-6233-0679

Mail address: 137 Harrington St L 2, Hobart, Tasmania, 7000, Australia

Web-site: http://mystate.com.au/

Stock code: MYS

ABN: 89 067 729 195

BSB: 655-001

NAB

Head office’s address: 800 Bourke Street

Contact center: 13-22-65

Phone: 61-3-8566-7023

Mail address: Level 4, 800 Bourke Street, Docklands, VIC

Web-site: http://www.nab.com.au/

Swift code: NATAAU3303M

Financial institution code: NAB

Stock code: NAB

BSB: 086-027

P&N Bank

Head office’s address: 556 Wellington Street

Contact center: 13-25-77

Phone: 61-132577

Mail address: Police & Nurses Limited Level 6, 556 Wellington Street Perth WA 6000

Web-site: http://pnbank.com.au/

ABN: 69 087 651 876

Queensland Country Bank Limited

Head office’s address: 333 Ross River Road

Contact center: 1800 075 078

Phone: +61 7 4412 3526

Mail address: PO Box 679 Aitkenvale QLD 4814

Web-site: https://www.queenslandcountry.bank/

Swift code: QCCNAU41XXX

ABN: 77 087 651 027

BSB: 654 000

Rabobank

Head office’s address: 201 Sussex Street

Contact center: 1-800-025-484

Phone: 61-1800-445-445

Mail address: GPO Box 4577 Sydney NSW 2001

Web-site: http://www.rabobank.com.au

Swift code: RABOAU2B

ABN: 70 003 917 655

BSB: 42-201

RACQ

Head office’s address: 7/515 St Pauls Terrace

Contact center: 13-19-05

Mail address: 7/515 St Pauls Terrace, Fortitude Valley QLD 4006, Australia

Web-site: https://www.racq.com.au/

Swift code: QTMBAU41

Financial institution code: QTM

ABN: 83 087 651 054

BSB: 514-000

St. George Bank

Head office’s address: 275 Kent Street

Contact center: 13-33-30

Phone: 61-2-9553-5333

Mail address: St.George Bank Locked Bag 1 Kogarah NSW 1485

Web-site: http://www.stgeorge.com.au/

Swift code: SGBLAU2S

Financial institution code: STG

Stock code: SGB

ABN: 33 007 457 141

BSB: 112-908

Suncorp Bank

Head office’s address: 80 Ann Street

Contact center: 13-11-55

Phone: 61-7-3362-2222

Mail address: PO Box A50 Sydney South NSW 1235

Web-site: http://www.suncorpbank.com.au/

Swift code: METWAU4B

ABN: 66 010 831 722

BSB: 484-799

Westpac Bank

Head office’s address: 275 Kent Street

Contact center: 13-20-32

Phone: 61-2-9155-7700

Mail address: 275 Kent Street, Sydney, NSW

Web-site: https://www.westpac.com.au/

Swift code: WPACAU2S

Financial institution code: WBC

Stock code: WBC

ABN: 33 007 457 141

BSB: 032-063