7.7/10

Based on 600 Bank Australia product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.

Bank Australia savings accounts

Bank Australia is a customer owned bank. Formerly bankmecu, Bank Australia has over 130,000 customers which act as shareholders of the bank. It offers a full range of products including home loans, savings, credit cards and loan products, and because its shareholders are its customers, they benefit from lower rate and fees. Bank Australia also invests up to 4% of its profits in various community projects every year.

Bank Australia offers the following savings accounts

Rates and fees verified as correct at 16 June 2024. Other information correct at the time of writing. Advertiser disclosure.
Product Interest rate Maximum rate Govt deposit guarantee
Bonus Saver

0.10% p.a.(for $0 and over)

5.25% p.a. (for $0 to $100,000)

Yes up to $250,000

mySaver

0.10% p.a.(for $0 and over)

5.25% p.a. (for $0 to $50,000)

Yes up to $250,000

Online Saver

3.95% p.a.(for $5,000 and over)

No Current Offer

Yes up to $250,000

How are Bank Australia savings accounts rated?

Mozo users have rated Bank Australia savings accounts on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of savings-accounts
Bank Australia savings accounts customer reviews
Overall
7.7/10
Price
7.0/10
Features
6.3/10
Customer service
8.0/10
Convenience
7.0/10
Trust
8.2/10
Based on 162 Bank Australia product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

Recent Bank Australia savings account reviews

Bank Australia Bonus Saver
Overall 10/10
Bank Australia best bank and fantastic service.

Love Bank Australia great to deal with staff are so helpful and on a mission to be a great help to customers. They are great at communicating with me and regularly update me on improved services offered by them.

Read full review

Love Bank Australia great to deal with staff are so helpful and on a mission to be a great help to customers. They are great at communicating with me and regularly update me on improved services offered by them.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Fiona, Victoria, reviewed 2 months ago
Bank Australia mySaver
Overall 8/10
Great earth conscience bank

I like this bank as they don’t invest in fossil fuels, gambling or tobacco products and are transparent about how their money is used. Their app is easy to use and navigate However they don’t have my atms or branches so that makes it tricky to head in and sort out cash if I need it.

Read full review

I like this bank as they don’t invest in fossil fuels, gambling or tobacco products and are transparent about how their money is used. Their app is easy to use and navigate However they don’t have my atms or branches so that makes it tricky to head in and sort out cash if I need it.

Price
8/10
Features
10/10
Convenience
6/10
Trust
10/10
Less
Matt, Victoria, reviewed 5 months ago
Bank Australia mySaver
Overall 10/10
Great Service

I have been with BA through 3 name changes and nothing but the name is any different. Same outstanding customer service.

Read full review

I have been with BA through 3 name changes and nothing but the name is any different. Same outstanding customer service.

Price
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Kim, Victoria, reviewed over 1 year ago
Bank Australia Bonus Saver
Overall 10/10
A climate conscious bank.

I chose Bank Australia because of their commitment to the environment and investing in sustainable industries. I stay because of the wonderful experience and ease of use.

Read full review

I chose Bank Australia because of their commitment to the environment and investing in sustainable industries. I stay because of the wonderful experience and ease of use.

Price
9/10
Features
6/10
Customer service
9/10
Convenience
8/10
Trust
10/10
Less
Rachael, Victoria, reviewed almost 2 years ago
See all savings account reviews
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.
Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers.

Savings account quick links