7.6 / 10

based on 2055 reviews as rated by Mozo community

BankSA savings accounts

BankSA is the largest financial institution in South Australia, and boasts the largest network of branches and ATMs in the state. BankSA aims to help South Australians get the best from their money, and offers a wide range of bank accounts, home loans, personal loans, credit cards and other financial services.

BankSA offers the following savings accounts

Rates and fees verified as correct at 09 March, 2021. Other information correct at the time of writing. Advertiser disclosure.

Product Interest rate Maximum rate Govt deposit guarantee
Incentive Saver Account

0.20% p.a.(for $0 and over)

0.45% p.a. (for $0 and over)

Yes up to $250,000

Investment Cash Account

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

No Current Offer

Yes up to $250,000

Maxi Saver

0.05% p.a.(for $0 and over)

0.45% p.a. (for $0 and over)

Yes up to $250,000

How are BankSA savings accounts rated?

Mozo users have rated BankSA 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
BankSA savings accounts
Overall
7.7/10
Price
Features
Customer service
Convenience
Trust

559 Reviews

Recent BankSA savings account reviews

BankSA Maxi Saver review
Overall 9/10
I would recommend Bank SA for financial services

I have been with other banks and received bad service. Since being with Bank SA for the last 12 years, I have found the bank's help very good, and this is not just local Branch. I lived rural/remote for 10 years and the service at local BankSA branch was incredible and welcomed. I have also used the internet for banking, and telephone banking. Very friendly and helpful. We also have insurance with BankSA as it has lesser charges and is cheaper than APIA, and other Insurance Companies claiming to look after Seniors.

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I have been with other banks and received bad service. Since being with Bank SA for the last 12 years, I have found the bank's help very good, and this is not just local Branch. I lived rural/remote for 10 years and the service at local BankSA branch was incredible and welcomed. I have also used the internet for banking, and telephone banking. Very friendly and helpful. We also have insurance with BankSA as it has lesser charges and is cheaper than APIA, and other Insurance Companies claiming to look after Seniors.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
James, South Australia, reviewed 12 days ago
BankSA Incentive Saver Account review
Overall 7/10
Always have trouble with online banking

Keep charging me over $15 interest every fortnight if I go to overdrawn amount. I have a pensioner savings.

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Keep charging me over $15 interest every fortnight if I go to overdrawn amount. I have a pensioner savings.

Price
3/10
Features
3/10
Customer service
5/10
Convenience
4/10
Trust
8/10
Less
Linda, South Australia, reviewed about 1 month ago
BankSA Maxi Saver review
Overall 5/10
Great if you are flush, so-so if you are not

I found the service and rates of this bank to be great when I had a good amount of money in my account. As soon as I withdrew a large amount to purchase a property the rates went down and the customer service became non-existent. So they are good if you are flush, but don't bother with you when you are not. If they gave the same service regardless of circumstance you would be happy to stay with them. Everyone's finances ebb and flow, they are doing themselves a disservice with their actions.

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I found the service and rates of this bank to be great when I had a good amount of money in my account. As soon as I withdrew a large amount to purchase a property the rates went down and the customer service became non-existent. So they are good if you are flush, but don't bother with you when you are not. If they gave the same service regardless of circumstance you would be happy to stay with them. Everyone's finances ebb and flow, they are doing themselves a disservice with their actions.

Price
5/10
Features
5/10
Customer service
5/10
Convenience
5/10
Trust
5/10
Less
Jo, South Australia, reviewed about 2 months ago
BankSA Incentive Saver Account review
Overall 4/10
Worst accounts, worst bank in SA

Never enough tellers working, tell pro's not cons, hidden fees, ATM harder to use and find than other banks, wages always available a day after all other banks have made funds available.

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Never enough tellers working, tell pro's not cons, hidden fees, ATM harder to use and find than other banks, wages always available a day after all other banks have made funds available.

Price
3/10
Features
5/10
Customer service
5/10
Convenience
5/10
Trust
5/10
Less
David, South Australia, reviewed 3 months ago

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Savings account quick links