Savings Accounts
Saving for a home deposit or something extra special? Our competitive interest savings accounts will help you save smarter.
Our savings accounts come with
Competitive interest rates
Top up your savings and reach your goals faster.
No penalty for withdrawals
Access your money without losing your interest.
$0 monthly account fee
Saving shouldn’t cost you money.
Nickname your account
Customise your account with a reminder of your savings goal.
I’m saving for
I’m saving for
A home
Something special
The future
A home
EARN BONUS INTEREST
Goal Saver
Great for 18-24 year olds
Flexibility to dip into your savings without losing your bonus interest.
Deposit $500 into your linked Everyday Edge Account and make 5 transactions per month to qualify for our bonus rate.*
Total rate up to
1.15
%
p.a.
Made up of 0.05% p.a base rate 1.10% p.a. bonus rate
EARN BONUS INTEREST
Home Saver
Great for saving a home deposit
Save for your home deposit faster by earning a competitive bonus interest rate.
Deposit $2,000 into your linked Everyday Edge Account and make 5 transactions per month to qualify for our bonus rate.**
Total rate up to
1.05
%
p.a.
Made up of 0.05% p.a base rate 1.00% p.a. bonus rate
Something special
YOUTH ACCOUNT
Youth eSaver
Designed for kids up to 17 years old
Comes with an Everyday Youth Account^
Interest rate up to $5,000***
2.40
%
p.a.
Interest rate over $5,000
1.00
%
p.a.
EARN BONUS INTEREST
Goal Saver
Great for 18-24 year olds
Flexibility to dip into your savings without losing your bonus interest.
Deposit $500 into your linked Everyday Edge Account and make 5 transactions per month to qualify for our bonus rate.*
Total rate up to
1.15
%
p.a.
Made up of 0.05% p.a base rate 1.10% p.a. bonus rate
NO BONUS CONDITIONS
eSaver Flexi
Savings for everyone
Flexibility to add and withdraw your savings with no monthly bonus interest conditions.
One simple rate
0.45
%
p.a.
The future
YOUTH ACCOUNT
Youth eSaver
Designed for kids up to 17 years old
Comes with an Everyday Youth Account^
Interest rate up to $5,000***
2.40
%
p.a.
Interest rate over $5,000
1.00
%
p.a.
NO BONUS CONDITIONS
eSaver Flexi
Savings for everyone
Flexibility to add and withdraw your savings with no monthly bonus interest conditions.
One simple rate
0.45
%
p.a.
EVERYDAY BANKING
More reasons to pair your savings with an Everyday Edge Account
Tap and Pay with your smart phone
No wallet? No worries. Use your phone at the checkout with Google Pay™, Apple Pay or Samsung Pay+.
Refunded international card transaction fees
When shopping on overseas shopping sites.
Manage your money all in one place
No more logging into multiple banking websites. Manage your everyday banking and savings accounts at a glance via mobile and online banking.
SMART TOOLS
Clever ways to save
The Vault
Avoid the temptation to dip into your savings by hiding your account in The Vault.
The Boost
Save every time you spend with The Boost.
Notifications
Set up notifications and always know what's happening with your accounts.
WHY CHOOSE US
Did you know we’re customer-owned?
That means no shareholders. Our profits go back into new products and clever ways to help you manage your money.
Our savings accounts have won awards, but our true passion lies in helping everyday Australians reach their financial goals. And we’ve been doing so for over 75 years!
Important Information
Great Southern Bank, a business name of Credit Union Australia Ltd ABN 44 087 650 959, AFSL 238317. Conditions, fees and charges apply. This is general information and does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information, including the Terms and Conditions (T&Cs) booklet, before acting on it. The Financial Claims Scheme may apply to this product; refer to the T&Cs for more information.
Interest is calculated daily on whole balances and paid monthly.
Rates current as at 13 April 2022. Rates and bonus interest criteria are subject to change.
* Interest is calculated daily and paid monthly. The base rate of interest is payable on the whole balance held in your Goal Saver Account. Bonus interest is applied on top of the base rate on balances up to $50,000 in a calendar month if, prior to the last day of that calendar month:
A) You receive funds of $500 or more by electronic transfer (excluding telegraphic transfer) from a non-Great Southern Bank bank account into your Everyday Edge Account; and
B) At least 5 settled (not pending) Visa Debit card purchase transactions (card present and card not present transactions but excluding ATM withdrawals, balance enquiries, Bank@Post transactions, cash advances and EFTPOS cash out only transactions) have been processed from your Everyday Edge Account.
** Interest is calculated daily and paid monthly. The base rate of interest is payable on the whole balance held in your Home Saver Account. Bonus interest is applied on top of the base rate on balances up to $100,000 in a calendar month if, prior to the last day of that calendar month:
A) You receive deposits totalling $2,000 or more by electronic transfer (excluding telegraphic transfer) from a non-Great Southern Bank account into your Everyday Edge Account/s; and
B) At least 5 Visa Debit card purchases have been processed from your Everyday Edge Account/s and are not in pending status (excludes ATM withdrawals, EFTPOS cash out, balance enquiries and Bank@Post transactions).
*** Rate applies on a stepped basis. Interest paid at 2.40% p.a. on balances up to $5,000, then at 1.00% p.a. on that portion of the balance over $5,000.
^ Youth eSaver Account converts to the Goal Saver once you turn 18 years old.
+ Google Pay is a trademark of Google LLC. Apple Pay is a trademark of Apple Inc., registered in the U.S. and other countries. Samsung Pay is a trademark or registered trademark of Samsung Electronics Co., Ltd. Mobile network provider charges may apply. Access is subject to availability and maintenance, refer to our website for more information.
New eSaver Flexi Account
New Youth eSaver Account
The child signing up for this account is:
New Goal Saver Account
New Home Saver Account
Continue an existing application
Continue
New account application
Select a savings account type
Not sure which account is right for you?