BankSA Maxi Saver

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

1.45% p.a. (for $0 and over)

BankSA Maxi Saver

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

1.45% p.a. (for $0 and over)

Mozo Review   BankSA Maxi Saver Review

Last updated: 17 March 2020.

What's hot:
  • 1.45% introductory rate

  • Open an account with as little as $1

  • Unlimited access to savings with a linked everyday transaction account

What's not:
  • Interest rate reverts to 0.05% after the first three months

  • Bonus rate only available to new customers

Mozo snapshot:

BankSA’s Maxi Saver account is a good way to grab yourself a higher introductory rate for a few months, without having to worry about depositing a certain amount regularly to get it. With this savings account you could earn an interest rate of 1.45% for the first three months, on balances as low as $1 (reverts to 0.05% after).

Key features:

The Maxi Saver comes with a three month introductory rate of 1.45%, made up of the standard 0.05% variable rate, plus a 1.40% bonus rate. Now the good thing about introductory rates is that you, usually, don’t have to do anything to earn them and this one is no exception. 

In other words, for the first three months that you have this account, you should be able to earn the full 1.45% without having to jump through the hoops that often come with a bonus saver account. This means no required minimum deposits into your savings account and no need to make a certain number of transactions.

To set up the account and earn the full interest rate on offer, you’ll just have to make sure you have a Complete Freedom everyday account and that you’ve never had a Maxi Saver account before. 

With this savings account you won’t be charged any ongoing monthly service fees and you’ll have online access to your money 24/7, via your linked everyday transaction account. 

Who it's good for:

If you’ve never had a Maxi Saver account and you’re not keen on wading through a mound of criteria for a higher interest rate, then you might be interested in giving your savings account a boost for three months.

Any catches?

As this is an introductory offer, you’ll only be able to benefit from the full 1.45% interest rate for the first three months. At the end of the introductory period the interest rate will revert to 0.05% and as this offer is only available to new customers, you won’t be able to claim the bonus again.

Details

Rates and fees information correct as at 2 April 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 $0: 1.45% p.a.

  • Bonus rate for the first 3 months from account opening

Fees
  • $0.00

  • n/a

  • Unlimited transactions from phone and internet

  • n/a

  • n/a

  • n/a

  • $2.50

  • $2.50

  • n/a

  • $0.00

  • $0.00

  • n/a

Other financial bits
  • $1.00

  • $1.00

  • Monthly

Features
  • no

  • none

  • no

  • no

  • no

  • yes

  • no

  • yes

  • yes

  • no

  • no

  • Must link to a transaction account with this provider

  • none

  • none

Customer Reviews

How are BankSA savings accounts rated by the Mozo community?

Overall customer rating
7.7/10
Price
6.8/10
Features
6.3/10
Customer service
7.8/10
Convenience
8.1/10
Trust
7.8/10

Latest reviews of BankSA Maxi Saver

  • Overall 8/10
    Great customer care

    Always had great service at BankSA.

    Read full review

    Always had great service at BankSA.

    Price
    8/10
    Features
    5/10
    Customer service
    7/10
    Convenience
    9/10
    Trust
    10/10
    Less
    Luke, South Australia reviewed over 1 year ago
  • Overall 10/10
    Excellent customer service

    BankSA has been my bank for a very long time, I would never change to another bank or credit union.

    Read full review

    BankSA has been my bank for a very long time, I would never change to another bank or credit union.

    Price
    5/10
    Features
    5/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Helen, South Australia reviewed about 2 years ago
  • Overall 9/10

    Price
    7/10
    Features
    -
    Customer service
    -
    Convenience
    -
    Trust
    -
    Less
    Peterjfinch, South Australia reviewed about 3 years ago
  • Overall 8/10
    Very helpful

    They have been very helpful in all of my needs

    Read full review

    They have been very helpful in all of my needs

    Price
    7/10
    Features
    5/10
    Customer service
    9/10
    Convenience
    9/10
    Trust
    6/10
    Less
    Stewart, South Australia reviewed over 3 years ago
  • Overall 8/10
    Competitive interest rates & positive experiences

    Some branches have reduced the number of teller windows, which often means long lines. But they have introduced staff onto the floor for customers who are attending to business other than banking, like opening credit accounts. The downside to this is that it is not extremely private, but the staff are always friendly, approachable and efficient. Also, BankSA's online banking system is excellent and very user friendly.

    Read full review

    Some branches have reduced the number of teller windows, which often means long lines. But they have introduced staff onto the floor for customers who are attending to business other than banking, like opening credit accounts. The downside to this is that it is not extremely private, but the staff are always friendly, approachable and efficient. Also, BankSA's online banking system is excellent and very user friendly.

    Price
    7/10
    Features
    8/10
    Customer service
    9/10
    Convenience
    9/10
    Trust
    10/10
    Less
    Alysia, South Australia reviewed about 4 years ago
BankSA

About BankSA

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.

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