Thumbnail icon for Bank Australia

Bank Australia Online Saver

Interest rate
0.40% p.a.(for $5,000 and over)
Maximum rate
No Current Offer
Govt deposit guarantee
Yesup to $250,000

Details

Rates and fees information correct as at 20 October 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: 0.05% p.a.
    Balances from $5,000: 0.40% p.a.

  • n/a

  • n/a

Fees
  • $0.00

  • n/a

  • Unlimited free internet transactions.

  • n/a

  • n/a

  • n/a

  • $0.00

  • $2.50

  • n/a

  • n/a

  • $0.00

  • n/a

Other financial bits
  • $0.00

  • $0.00

  • Monthly

Features
  • no

  • none

  • no

  • no

  • no

  • no

  • no

  • no

  • yes

  • yes

  • no

  • none

  • none

  • none

Customer Reviews

How are Bank Australia savings accounts rated by the Mozo community?

Overall
7.6/10
Price
6.9/10
Features
6.2/10
Customer service
7.9/10
Convenience
6.8/10
Trust
8.1/10

Latest reviews of Bank Australia Online Saver

  • Overall 6/10
    A good alternative to the big four

    Pros - they seem human in communications Cons - lack of branches

    Read full review

    Pros - they seem human in communications Cons - lack of branches

    Price
    7/10
    Features
    6/10
    Customer service
    6/10
    Convenience
    7/10
    Trust
    6/10
    Less
    Tim, Victoria reviewed almost 5 years ago
  • Overall 8/10
    Very helpful staff members

    Grateful I was offered this type of savings account as I wouldn't have known about it.

    Read full review

    Grateful I was offered this type of savings account as I wouldn't have known about it.

    Price
    9/10
    Features
    8/10
    Customer service
    9/10
    Convenience
    8/10
    Trust
    8/10
    Less
    Kerry, Victoria reviewed about 6 years ago
  • Overall 10/10
    No account fees & account access at any Post Offic

    I have found bankmecu to be very professional, helpful, and knowledgeable on all their services. There are no account keeping fee's with the Cyber Saver (as with the other accounts), and they provide bonus credits to your account each month. They are easy to use, particularly for remote areas, as you can use your access card to deposit and withdraw funds from any Post Office within Australia.

    Read full review

    I have found bankmecu to be very professional, helpful, and knowledgeable on all their services. There are no account keeping fee's with the Cyber Saver (as with the other accounts), and they provide bonus credits to your account each month. They are easy to use, particularly for remote areas, as you can use your access card to deposit and withdraw funds from any Post Office within Australia.

    Price
    9/10
    Features
    9/10
    Customer service
    10/10
    Convenience
    8/10
    Trust
    10/10
    Less
    Esther, Western Australia reviewed over 6 years ago
  • Overall 9/10
    So many options and such terrific staff!

    Whilst it's a smallish financial institution, I would readily recommend A Cyber Savers account. The friendliness of every staff member at every branch, the ease of use of online services and the accessibility of RediATMs and NAB ATMs make them a perfect credit union and account. They even have branches in some regional towns! Woo!

    Read full review

    Whilst it's a smallish financial institution, I would readily recommend A Cyber Savers account. The friendliness of every staff member at every branch, the ease of use of online services and the accessibility of RediATMs and NAB ATMs make them a perfect credit union and account. They even have branches in some regional towns! Woo!

    Price
    10/10
    Features
    6/10
    Customer service
    10/10
    Convenience
    9/10
    Trust
    10/10
    Less
    James, Victoria reviewed almost 8 years ago
  • Overall 10/10
    FABULOUS RATE AND VERY COMPETITIVE

    I HAVE BEEN WITH BANK MECU RIGHT FROM THE DAYS OF THE OLD SEC OF VIC CREDIT UNION DAYS AN TO SEE THEM BECOME THE INSTITUTION THEY ARE TO DAY IS A CREDIT TO ALL WHO WORKED WITH OVER ALL THESE YEARS AND I WAS EVER SO PLEASED TO SEE A BRANCH OPEN UP IN OUR HOME CITY - GO BANKMECU

    Read full review

    I HAVE BEEN WITH BANK MECU RIGHT FROM THE DAYS OF THE OLD SEC OF VIC CREDIT UNION DAYS AN TO SEE THEM BECOME THE INSTITUTION THEY ARE TO DAY IS A CREDIT TO ALL WHO WORKED WITH OVER ALL THESE YEARS AND I WAS EVER SO PLEASED TO SEE A BRANCH OPEN UP IN OUR HOME CITY - GO BANKMECU

    Price
    7/10
    Features
    7/10
    Customer service
    7/10
    Convenience
    6/10
    Trust
    10/10
    Less
    John, Victoria reviewed over 8 years ago
Bank Australia

About Bank Australia

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.

See Bank Australia savings accounts

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1.55% p.a. (for $0 to $500,000)

0.35% p.a.(for $0 and over)

Yesup to $250,000

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1.50% p.a. (for $0 to $250,000)

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Bankwest

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Hero Saver

1.15% p.a. (for $0 to $250,000)

0.01% p.a.(for $0 to $5,000,000)

Yesup to $250,000

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Bank of Queensland

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Fast Track Saver Account

1.20% p.a. (for $1 to $250,000)

0.20% p.a.(for $1 and over)

Yesup to $250,000

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Citi

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1.55% p.a. (for $0 to $500,000)

0.35% p.a.(for $0 and over)

Yesup to $250,000

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MyState Bank

MyState Bank

Bonus Saver Account

0.15% p.a.(for $0 and over)

1.50% p.a. (for $0 to $250,000)

Yesup to $250,000

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Bankwest

Bankwest

Hero Saver

0.01% p.a.(for $0 to $5,000,000)

1.15% p.a. (for $0 to $250,000)

Yesup to $250,000

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Bank of Queensland

Bank of Queensland

Fast Track Saver Account

0.20% p.a.(for $1 and over)

1.20% p.a. (for $1 to $250,000)

Yesup to $250,000

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Citi

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Online Saver

0.35% p.a.(for $0 and over)

1.55% p.a. (for $0 to $500,000)

Yesup to $250,000

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ANZ

ANZ

Progress Saver

0.01% p.a.(for $0 and over)

0.70% p.a. (for $0 and over)

Yesup to $250,000

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Newcastle Permanent

Newcastle Permanent

Smart Saver

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

1.80% p.a. (for $0 and over)

Yesup to $250,000

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UniBank

UniBank

Mighty Saver Account

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

1.55% p.a. (for $0 and over)

Yesup to $250,000

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Teachers Mutual Bank

Teachers Mutual Bank

Mighty Saver Account

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

1.55% p.a. (for $0 and over)

Yesup to $250,000