Beyond Bank logo

Beyond Bank monEsaver Internet Savings Account

Advertiser disclosure
Interest rate
0.30% p.a.(for $5,000 to $200,000)
Maximum rate
No Current Offer
Govt deposit guarantee
Yes up to $250,000

Mozo editorial review Beyond Bank monEsaver Internet Savings Account

Last updated: 9 February 2021.

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What's hot
  • 2019 Mozo Experts Choice Excellent Banking App Award
  • Unlimited phone and internet transactions
  • $0 account fees
What's not
  • $4 over the counter withdrawal fee
Mozo snapshot

The Beyond Bank monEsaver is a simple Internet Savings Account that is tailored to suit those who want to stay on top of their savings goals, but also want easy online access to funds when needed. Savers can make unlimited phone and internet transactions with the monEsaver as well as avoid paying anything in account keeping fees.

Speaking of easy online access, transferring money to and from your monESaver Internet Savings Account will be a breeze with the Beyond Bank app - a 2019 Mozo Experts Choice Award winner in the Excellent Banking App category. 

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Key features

The Beyond Bank monEsaver Internet Savings Account has no monthly account keeping fees, no minimum deposit fee and a base interest rate of 0.30% p.a for balances between $5,000 and $199,999. Those who are keen to maintain a balance over $200,000, can benefit from a 0.50% p.a. interest rate. The news is not so good if your balance falls under the $5,000, because the rate drops down to a measly 0.15% p.a.

Interest is calculated daily and paid monthly into the account. Any transactions made electronically are free, just watch out for the $4 transaction fee if you use any other method other than your online account. 

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Who is it good for

The Beyond monEsaver Internet Savings Account is great for savers with $5,000 to put away who are looking to do all of their banking online and earn interest on their money with no minimum deposits or withdrawal penalties.

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Any catches

Just bear in mind that there are different interest rate tiers for different deposits, so you'll only be able to grab the highest rate of 0.50% with a balance of $200,000 or more. 

Details

Rates and fees information correct as at 2 March 2021. 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: 0.15% p.a.
    Balances from $5,000: 0.30% p.a.
    Balances from $200,000: 0.50% p.a.

  • n/a

  • n/a

Fees
  • $0.00

  • n/a

  • Unlimited transactions from phone and internet

  • n/a

  • n/a

  • n/a

  • $0.00

  • $4.00

  • n/a

  • $0.00

  • $0.00

  • n/a

Other financial bits
  • $0.00

  • $0.00

  • Monthly

Features
  • no

  • none

  • no

  • no

  • no

  • yes

  • no

  • yes

  • yes

  • yes

  • no

  • none

  • none

  • none

Customer Reviews

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

Overall
8.0/10
Price
7.1/10
Features
6.6/10
Customer service
8.4/10
Convenience
7.8/10
Trust
8.2/10

Latest reviews of Beyond Bank monEsaver Internet Savings Account

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About Beyond Bank

Beyond Bank, formerly Community CPS, is one of Australia's largest customer owned banks. Based in South Australia, Beyond Bank operates more than 46 branches across the country. Beyond Bank offers a wide range of banking and financial products including home loans, credit cards, savings accounts, term deposits, bank and and business accounts, and personal loans. The winning combination of great products and local service has helped Beyond Bank win many industry awards, including Best Credit Union in the Mozo People's Choice Awards 2012.

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1.05% p.a. (for $1 to $250,000)

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1.20% p.a. (for $0 to $250,000)

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0.30% p.a. (for $0 to $1,000,000)

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0.80% p.a. (for $0 to $250,001)

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Yes up to $250,000

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1.10% p.a. (for $0 to $500,000)

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Yes up to $250,000

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0.25% p.a. (for $0 to $5,000,000)

0.05% p.a.(for $0 to $5,000,000)

Yes up to $250,000

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1.05% p.a. (for $1 to $250,000)

0.05% p.a.(for $1 and over)

Yes up to $250,000

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

1.20% p.a. (for $0 to $250,000)

Yes up to $250,000

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

0.30% p.a. (for $0 to $1,000,000)

Yes up to $250,000

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Hero Saver

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

0.80% p.a. (for $0 to $250,001)

Yes up to $250,000

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0.05% p.a.(for $0 to $5,000,000)

0.25% p.a. (for $0 to $5,000,000)

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0.05% p.a.(for $1 and over)

1.05% p.a. (for $1 to $250,000)

Yes up to $250,000

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Yes up to $250,000

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

0.40% p.a. (for $0 and over)

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

1.40% p.a. (for $0 and over)

Yes up to $250,000