Plenty of savings accounts come with criteria you’re required to meet in order to maintain the highest interest rate, but with the Bank of Sydney BOS Saver you won’t have to worry about any of that when you have a balance of up to $5,000,000. That could make it a set-and-forget option worth looking at for savers with a larger balance.
The Bank of Sydney BOS Saver is really built for savers with an established savings balance, as it offers an interest rate of 4.25% for balances up to $5,000,000.
While many savings accounts require savers to meet certain conditions each month to get the same competitive interest rate, the BOS Saver isn't one of them, because you won’t need to jump through any hoops to earn an interest rate as long as you meet the deposit requirement.
When signing up, new customers will be asked to provide their contact details, an Australian driver’s license or passport, and Tax File Number. If you’re an existing customer, however, you’ll just need to have your contact details and your Bank of Sydney Transaction Account Number handy.
When you sign up, you'll also get a Bank of Sydney transaction account, allowing you to access your savings as needed. You’ll be able to make unlimited free transactions between your linked transaction account, but when it comes to making over the counter deposits or withdrawals, a $5 fee will apply.
The Bank of Sydney BOS Saver could suit anyone who's looking for an account that isn’t bogged down by requirements like monthly minimum deposits and withdrawal limits.
To open a BOS Saver account you’ll need a minimum balance of $1,000. Something to keep in mind.
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Balances from $0: 4.25% p.a. |
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n/a |
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n/a |
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$0.00 |
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n/a |
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Unlimited free transactions between linked Bank of Sydney Transaction Account. |
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n/a |
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n/a |
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n/a |
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$5.00 |
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$5.00 |
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n/a |
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n/a |
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$0.00 |
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n/a |
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$1,000.00 |
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$0.00 |
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Monthly |
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no |
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n/a |
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no |
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no |
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no |
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yes |
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no |
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yes |
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yes |
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yes |
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yes |
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none |
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none |
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none |
High Interest Savings Account
5.75% p.a. (for $0 to $250,001)
4.40% p.a.(for $0 to $250,001)
Yes up to $250,000
Savings Account
5.35% p.a. (for $0 to $250,000)
4.75% p.a.(for $0 to $1,000,000)
Yes up to $250,000
Reward Saver Account
5.25% p.a. (for $0 to $1,000,000)
0% p.a.(for $0 and over)
Yes up to $250,000
AMP Saver Account
5.40% p.a. (for $0 to $250,000)
1.20% p.a.(for $0 to $5,000,000)
Yes up to $250,000
Savings+Bonus
5.00% p.a. (for $0 to $250,000)
2.00% p.a.(for $0 to $250,000)
Yes up to $250,000
Save Account
5.10% p.a. (for $0 to $250,000)
0.10% p.a.(for $0 and over)
Yes up to $250,000
Bonus Saver Account
5.00% p.a. (for $0 to $250,000)
0.05% p.a.(for $0 and over)
Yes up to $250,000
High Interest Savings Account
5.75% p.a. (for $0 to $250,001)
Yes up to $250,000
4.40% p.a.(for $0 to $250,001)
Savings Account
5.35% p.a. (for $0 to $250,000)
Yes up to $250,000
4.75% p.a.(for $0 to $1,000,000)
Save Account
5.10% p.a. (for $0 to $250,000)
Yes up to $250,000
0.10% p.a.(for $0 and over)
AMP Saver Account
5.40% p.a. (for $0 to $250,000)
Yes up to $250,000
1.20% p.a.(for $0 to $5,000,000)
Savings+Bonus
5.00% p.a. (for $0 to $250,000)
Yes up to $250,000
2.00% p.a.(for $0 to $250,000)
Reward Saver Account
5.25% p.a. (for $0 to $1,000,000)
Yes up to $250,000
0% p.a.(for $0 and over)
Bonus Saver Account
5.00% p.a. (for $0 to $250,000)
Yes up to $250,000
0.05% p.a.(for $0 and over)
Reward Saver Account
0% p.a.(for $0 and over)
5.25% p.a. (for $0 to $1,000,000)
Yes up to $250,000
AMP Saver Account
1.20% p.a.(for $0 to $5,000,000)
5.40% p.a. (for $0 to $250,000)
Yes up to $250,000
Savings+Bonus
2.00% p.a.(for $0 to $250,000)
5.00% p.a. (for $0 to $250,000)
Yes up to $250,000
Save Account
0.10% p.a.(for $0 and over)
5.10% p.a. (for $0 to $250,000)
Yes up to $250,000
Bonus Saver Account
0.05% p.a.(for $0 and over)
5.00% p.a. (for $0 to $250,000)
Yes up to $250,000
Reward Saver
0.30% p.a.(for $0 and over)
5.25% p.a. (for $0 to $100,000)
Yes up to $250,000
Ziggy Kids Saver
0.01% p.a.(for $0 and over)
3.01% p.a. (for $0 and over)
Yes up to $250,000
Scoot Super Saver
2.75% p.a.(for $0 to $50,000)
No Current Offer
Yes up to $250,000
