Bank of Sydney Everyday Saver Account

$0.00

Apple Pay, Google Pay, Samsung Pay

0.15% p.a.

Bank of Sydney Everyday Saver Account

$0.00

Apple Pay, Google Pay, Samsung Pay

0.15% p.a.

Mozo Review   Bank of Sydney Everyday Saver Account Review

Last updated: 19 February 2020.

What's hot:
  • Earn 0.15% p.a. interest on your everyday balance

  • No account fees

  • Optional Visa Debit Card

What's not:
  • Interest rate drops for balances over $50,000

Mozo snapshot:

An everyday bank account that pays interest, yes, you read correctly. The Everyday Saver Account from Bank of Sydney (BOS) has a 0.15% p.a. interest rate for balances up to $50,000 and it won't cost you a cent to keep in your wallet. There are no monthly account keeping fees, you get free ATM withdrawals from any BOS or rediATM and unlike some banks that charge for over the counter deposits or withdrawals, these are also free.

Key features:

The BOS Everyday Saver has a standard interest rate of 0.15% p.a which is almost unheard of these days for an everyday transaction account, especially one with no monthly account fees. 

The account has an optional Visa Debit Card which is great if you are planning on travelling overseas or shopping online. It comes chip enabled so you'll also be able to "tap n go" for purchases under $100 in Australia wherever Visa is accepted. 

You can use the BOS Everyday Saver ATM and Visa Debit Card overseas for making withdrawals and purchases. With the standard BOS ATM card or the Visa Debit card, overseas ATM withdrawals are free (another unheard of.) For both card options there is a 3% foreign exchange margin on all overseas transactions so factor this into your travel budgeting.

Applying for the Bank of Sydney Everyday Saver is easy, if you're not near a branch you can apply online. Plus you'll get access to online banking.

Who it's good for:

This account is good for people who are looking for an everyday account which is low on fees and great on flexibility.

Any catches?

There's a $1000 daily ATM withdrawal limit, so just watch this if you need to make a large purchase.

Details

Rates and fees information correct as at 22 February 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • Balances from $0: 0.15% p.a.
    Balances from $50,000: 0.25% p.a.

  • n/a

  • n/a

Fees
  • $0.00

  • n/a

  • Free unlimited ATM withdrawals from any Bank of Sydney or RediATM in Australia. Free unlimited EFTPOS transactions and balance enquiries.

  • $0.00

  • Bank of Sydney, RediATM

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $0.00

  • $0.00

  • 3.00%

  • $0.00 annually

Other financial bits
  • $0.00

  • $0.00

Features
  • $1,000.00

  • yes

  • no

  • yes

  • yes

  • no

  • yes

  • yes

  • none

  • none

Atm card
  • $0.00

  • $0.00

  • 3.00%

Debit card
  • $0.00

  • $0.00

  • 3.00%

Payment options

Apple Pay, Google Pay, Samsung Pay

Customer Reviews

How are Bank of Sydney bank accounts rated by the Mozo community?

Overall customer rating
7.8/10
Price
7.8/10
Features
8.0/10
Customer service
9.0/10
Convenience
7.8/10
Trust
9.0/10

Latest review of Bank of Sydney Everyday Saver Account

  • Overall 7/10
    It's a good bank

    It's a good bank

    Read full review

    It's a good bank

    Price
    6/10
    Features
    -
    Customer service
    -
    Convenience
    -
    Trust
    -
    Less
    Michelle, New South Wales reviewed almost 3 years ago
Bank of Sydney

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