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Out of sight, out of mind.
Let’s face it, saving for a home deposit can be hard. To give you every chance for success, we created The Vault.

It’s a smart way to reach those long-term (but rewarding) savings goals - especially when you've got your heart set on your first home!

Don’t have a Great Southern Bank account yet? Open an account today.

How does The Vault work?

The Vault works by removing your savings account from sight, and the temptation to dip into your savings along with it.

You can set up a deterrent message to help you stay focused on your goal. Your message can be funny or serious – whatever works for you!

What else can I expect from The Vault?

When you put your savings account under the watchful eye of The Vault you can expect*:

  • Your account to be hidden from your account lists in digital banking - you can still pay money in, but you can’t transfer money out!
  • All other payments and transfers on your account will work as usual, such as card transactions and direct debits.
  • You'll see your account balances in your statement and in The Vault.
  • Rest easy, you can still access your funds in the event of an emergency.

The Vault is available in both online and mobile banking. Go on, unlock its power today.

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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.

*Terms & Conditions for The Vault are available at https://www.greatsouthernbank.com.au/terms-and-conditions/the-vault-terms-and-conditions