What is a goal-saver account?
It is a type of savings account developed to help customers save for a specific financial goal, such as buying a vehicle, wedding expenses, a holiday trip, or renovations.
Can I take money out of a goal-saver? What are the features of the accounts?
The accounts generally have a higher rate than day-to-day and classic savings bank accounts and provide the opportunity to withdraw money in tranches, but usually have some requirements:
- you may need to make regular deposits to obtain a bigger interest
- there may be restrictions on the number of withdrawals
- min balance requirements can be set
How many goal-saver accounts can I open in Australia?
As a rule, Australian banks do not set limits on the number of accounts, but if there are any, you can open accounts for relatives or in another bank.
Calculate income on a savings account for 1 year (example):
| Amount, $ | Rate, % | % income |
| 12 500 | 0,10% | 12,50 |
| 12 500 | 0,10% | 12,50 |
| 12 500 | 0,10% | 12,50 |
| 24 000 | 3,30% | 792,00 |
| 24 000 | 3,30% | 792,00 |
| 24 000 | 3,30% | 792,00 |
| 59 000 | 3,95% | 2 330,50 |
| 59 000 | 3,95% | 2 330,50 |
| 59 000 | 3,95% | 2 330,50 |
See the similar FAQ about savings in Australian banks:
- Where do I find the CBA financial calendar?
- Where do I find the CommBank unit prices?
- Where do I find the NAB investor calendar?
- Where do I find the share price of NAB?
- Сommbank ETF fees
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 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 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
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
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
Gateway Bank
Head office’s address: 68 York St
Contact center: 1300 302 474
Phone: +61 2 9307 4200
Mail address: GPO BOX 3176 SYDNEY NSW 2001
Web-site: https://www.gatewaybank.com.au/
Swift code: ASLLAU2CGTW
ABN: 47 087 650 093
BSB: 676-000
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
Heritage Bank
Head office’s address: 400 Ruthven St
Contact center: 13-14-22
Phone: 61-7-4694-9000
Mail address: PO Box 190 TOOWOOMBA QLD 4350
Web-site: https://www.heritage.com.au
Swift code: HBSLAU4T
ABN: 32 087 652 024
BSB: 638-603
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
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