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Features & benefits

Competitive interest rate
You’ll be saving smarter, not harder.
Withdraw money, without losing your interest
Because emergencies (and little splurges) happen.
$0 monthly account fee
Saving shouldn’t cost you money.
Nickname your account
Customise your account with a reminder of your savings goal.

Earning bonus interest is easy

When you open a Goal Saver Account, you'll also be able to open an Everyday Edge Account^. Then simply deposit $500 into your Everyday Edge Account and make 5 or more card transactions per month to qualify for bonus interest* on your Goal Saver Account.

Plus, when you make Everyday Edge Account your main transaction account, you'll enjoy:

  • $0 monthly account fee
  • Unlimited fee-free transactions
  • Pay quickly and easily with your digital wallet
  • Refund of international card and transaction fees+

For further information and details, see all Schedule of Fees, Accounts, and Access Facilities and Terms & Conditions.

and make 5 or more card transactions per month to qualify for your bonus interest.
Earn up to
2.65% p.a.
base rate
bonus 2.50% interest*
on balances up to $50,000
Never miss out on your bonus interest
Check your progress and always know when you're getting your bonus interest - with a little help from our Bonus Interest Tracker.
Great Southern Bank Bonus Interest Tracker
Clever ways to save
The Vault

Avoid the temptation to dip into your saving by hiding your account in The Vault.

The Boost

Save every time you spend with The Boost.


Set up notifications and always know what's happening with your accounts.

Ready to apply online today?
You can open a Goal Saver Account online with us in five minutes.
The process
1. Ensure you are eligible to apply
There are a few eligibility requirements to check before you apply.
2. Apply online
It should take about five minutes. You’ll need proof of ID.
3. Ensure Everyday Edge is your main transaction account
If you don’t already have an Everyday Edge Account, you will need to open one to qualify for bonus interest on your savings.
4. Watch your savings grow!
Set aside your savings in your Great Southern Bank Goal Saver Account and earn bonus interest.*
New to Great Southern Bank
  • You must be aged 18 - 24
  • You must be an Australian resident
  • An email address and a mobile number
  • One form of ID such as your driver’s licence, passport or Medicare card
Existing Great Southern Bank account holder
  • Your existing customer number
  • Access to Great Southern Bank Online Banking
You might also be interested in
Everyday Edge Account
A feature-packed everyday account for customers aged 18+
Home Saver
Reach your dream of home ownership sooner with bonus interest on your savings.
Get in touch
We're here to help.
Call 133 282

Mon - Fri: 8:00am - 7:00pm (AEST)
Sat: 8:00am - 4:00pm (AEST)

Find a branch
Speak to one of our friendly staff at a branch near you.
Connect online
Chat to us or browse help topics and FAQs.

Frequently asked questions

Who is Great Southern Bank?

Great Southern Bank is the trading name of Credit Union Australia Limited (CUA), Australia’s largest Customer Owned Bank. You may have previously known us as CUA.

For over 75 years we’ve helped our customers manage their money. We do this by providing clever products and smart tools that help you reach your financial goals sooner. Plus, being customer-owned means that our profits go back into our products and services, not shareholders.

We love helping people reach their financial goals and we can’t wait to help you reach yours, whatever they may be. Contact us to get started, we’re here to help!

How do I switch to Great Southern Bank?

Switching to Great Southern Bank is easier than you think and takes less than five minutes! All you need to do is open an account. It’s that simple.

Plus, we can help you switch your salary, direct debits, and regular payments to your brand-new Everyday Edge Account.

What bank accounts are available at Great Southern Bank?

Everyone is different, so it makes sense that we have more than one type of bank account.

Follow the links below to view our other bank accounts and find the one that suits you best.

Can I do my banking on my mobile phone?

Absolutely. Simply download our mobile banking app to do your banking anywhere from the convenience of your phone.

Can I do my banking online?

Yes. Great Southern Bank Online Banking is easy to use, convenient and secure. As a new customer you'll be set up with online banking as soon as you apply.

If you are already a customer, you can register for online banking in less than a minute and get started straight away.

How secure is mobile banking and online banking?

We take security very seriously and have several features to keep your online and mobile banking safe and secure.

For starters, you’ll always need your customer number and password to log in to digital banking. You can also take advantage of our special features for extra security and peace of mind.

Our key security features include:

While we take proactive steps to fight fraud, it’s important that our customers also take an active role in keeping their accounts secure.

Our online security checklist contains more tips and tricks to keep your account secure. And as always, never share your password with anyone.

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.

* Rates current as 12 August 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:

1. 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
2. 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.
Only deposits and purchases performed on Everyday Edge accounts are eligible to meet the bonus interest criteria for Home Saver.

^ The Everyday Edge Account does not earn interest.

+ A fee rebate will be applied to your Everyday Edge Account on the first day of the next calendar month for all Great Southern Bank Visa Debit International Transaction Fees and Great Southern Bank Overseas ATM Cash Withdrawal Fees debited during the current calendar month if, prior to the last day of that calendar month:

A. You receive deposits totaling $2,000 or more by electronic transfer (excluding telegraphic transfer) from a non-Great Southern Bank account into your Everyday Edge Account; and
B. At least 5 Visa Debit card purchases have been processed from your Everyday Edge Account and are not in pending status (excludes ATM withdrawals, eftpos cash out, balance enquiries and Bank@Post transactions). International non-Great Southern Bank fees may apply. Excludes eftpos Debit Card international transaction fees.