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Features & benefits

Our Home Saver Account rewards you with bonus interest on your savings, so you can reach your goal of buying a home faster.
$0 monthly account fee
Your money's yours to save or spend how you like, so we won’t hit you with a monthly fee.
Access your money – keep your interest
Dip into your Home Saver Account whenever you need to without losing your bonus interest.
Manage your money all in one place
Having all your everyday banking and savings accounts in one place makes managing your finances at a glance easy via mobile and online banking.
Everyday Edge Account
Home Saver Account

Earn bonus interest on your Home Saver Account

Everyday Edge Account

  • $0 monthly account fee
  • Unlimited fee-free transactions
  • Refund of international card and transaction fees+

Home Saver Account

  • $0 monthly account fee
  • Dip into your savings without losing your bonus interest
How to earn bonus interest
When you combine a Everyday Edge Account and Home Saver Account.
Deposit $2,000+

Each month, deposit $2,000 or more into your Everyday Edge Account from a non-Great Southern Bank account.

Make 5+ purchases

Using a Visa Debit card from your Everyday Edge Account, make at least five eligble transactions each month.

Earn up to 2.55% p.a.*

Enjoy a combined 0.15% base rate and bonus 2.40% rate on Home Saver balances up to $100,000.

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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.
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.


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

Ready to apply online today?
You can open an account online with us in less than five minutes.
The process
1. Ensure you’re eligible to apply
There are a few eligibility requirements you should be aware of before applying for a Great Southern Bank Home Saver Account.
2. Apply online
It should take about five minutes. You’ll need proof of ID.
3. Switch your salary
Arrange for a total of $2,000 or more to be deposited each month from a non-Great Southern Bank account into your Everyday Edge Account .*
4. Watch your savings grow!
Set aside your savings in your Great Southern Bank Home Saver Account and earn bonus interest.*
  • Must be at least 18 years of age
  • Must be a permanent resident of Australia
  • Must have a Great Southern Bank Everyday Edge Account if you want to qualify for bonus interest
What you need to apply online
  • An email address and a contact number
  • Existing Great Southern Bank customer number (if you already bank with us)
  • Australian Driver Licence, Medicare card, or passport details
You might also be interested in
Everyday Edge Account
An everyday account for everyone aged 18+ (required for Home Saver bonus interest).
Goal Saver Account
A competitive interest savings account for ages 18-24.
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 at 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 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).
Only deposits and purchases performed on Everyday Edge accounts are eligible to meet the bonus interest criteria for Home Saver.

+ 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 totalling $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.

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