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Features & benefits

$0 monthly account fee
Your savings belong to you!
Competitive interest
Earn the same competitive interest rate no matter how you use your account.
Flexible banking
Enjoy access to online banking, mobile banking, telebanking and SMS alerts.
Clever savings tools
Maximise your savings with our clever tools The Boost and The Vault.
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.

Savings Calculator

Find out how much you could save and how to reach your goals faster with our Savings Calculator.

Ready to apply online today?
1. Check your eligibility

There are a few eligibility requirements you should be aware of before applying for an Everyday Saver Account.

2. Apply online

Simply grab your ID and follow the application prompts.

3. Watch your savings grow

Enjoy a competitive rate of interest without worrying about bonus conditions.

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.

Trusted by Australians for over 75 years.

Get in touch
We're here to help.
Call 133 282

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

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.
FAQS

Frequently asked questions

Who is Great Southern Bank?

Great Southern Bank is the trading name of Credit Union Australia Limited. You may have previously known us as CUA.

For over 75 years, we’ve been helping Australians with their banking and insurance needs. And today, we continue to provide clever products and tools to help customers reach their financial goals sooner.

As a customer-owned bank, we’re owned by you, our customers. So, instead of chasing huge profits for stakeholders, we reinvest profits back into the business for better products and services.

We love helping customers to achieve their financial goals and we can’t wait to help you with yours, whatever they may be. To get started, contact us today.

What bank accounts are available at Great Southern Bank?

We offer different types of accounts to suit different financial needs – be it everyday money management or savings.

To find an account that works best for you, click on the links below.

Is my money safe in a savings account?

Yes. Money placed in a savings account with a bank, building society or credit union is protected by the Australian Government’s Financial Claims Scheme (FCS).

The scheme protects deposits up to $250,000 per person, per financial institution. In the unlikely event that a financial institution closes you’ll have the peace-of-mind that your money is safe.

Learn more about the FCS.

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 open an account.

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.

Can I open more than one Everyday Saver Account?

Yes, you can open up to six Everyday Saver Accounts per customer. This can be useful if you want to ‘bucket’ your savings into separate accounts – e.g., emergency fund, holiday, new car, wedding etc.

How do I earn interest on this account?

All you need to do to earn interest on this account is having money in it! There are no conditions or eligibility requirements.

What happens if my balance exceeds $750,000?

There is no problem if this happens - you just won’t earn interest on the portion of your balance above $750,000.

Important Information

Rates current as at 08 September 2024 and subject to change.

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.

Deposits up to $250,000 per account holder are guaranteed by the Federal Government under the Financial Claims Scheme.

Available to new and existing customers. A maximum of six accounts per customer. Interest is calculated daily on whole balances and paid monthly. Rate applies on a stepped basis – each rate applies to the portion of the total balance that falls within that balance bracket. Refer to the interest rate schedule for current interest rates.

To view the Target Market Determination for this product, please click here.