Beyond Bank monEsaver Internet Savings Account

1.50% p.a.(for $5,000 to $200,000)

No Current Offer

Beyond Bank monEsaver Internet Savings Account

1.50% p.a.(for $5,000 to $200,000)

No Current Offer

Mozo Review   Beyond Bank monEsaver Internet Savings Account Review

Last updated: 25 June 2019.

What's hot:
  • 2019 Mozo Experts Choice Excellent Banking App Award

  • 1.50% p.a rate (for balances of $5,000 to $200,000)

  • 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 with a great 1.50% p.a. interest rate on balances from $5,000. The account 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.

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. 

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 1.50% p.a for balances from $5,000. Those who are keen to maintain a balance over $200,000, can benefit from a 1.75% 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 0.01% 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.

And just like most other savings accounts, no ATM access is included in the Online Savings Account, but that’s easily fixed by linking it up with a Beyond Bank Transaction Account.

Who it's 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.

Any catches?

In order to open a monEsaver savings account, you will need to open a transaction account with Beyond Bank as well that allows for internal transfers between accounts.

Details

Rates and fees information correct as at 21 July 2019. 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: 0.01% p.a.
    Balances from $5,000: 1.50% p.a.
    Balances from $200,000: 1.75% p.a.

  • n/a

  • n/a

Fees
  • $0.00

  • n/a

  • Unlimited transactions from phone and internet

  • n/a

  • n/a

  • $4.50

  • $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

  • Must link to a transaction account

  • none

  • none

Customer Reviews

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

Overall customer rating
8.0/10
Price
7.1/10
Features
6.6/10
Customer service
8.3/10
Convenience
7.8/10
Trust
8.2/10

Latest reviews of Beyond Bank monEsaver Internet Savings Account

  • Overall
    9/10
    Helpful and informative through every transaction

    Always able to solve problems on the spot with no drama and had no problems to date through them.

    Always able to solve problems on the spot with no drama and had no problems to date through them.

    Price
    8/10
    Features
    8/10
    Customer service
    8/10
    Convenience
    9/10
    Trust
    8/10

    Jade | South Australia

    reviewed over 3 years ago

  • Overall
    10/10
    Competitive rates and excellent customer service

    You don't just feel like a number at our branch. They assist in every aspect. Ask about fees...

    You don't just feel like a number at our branch. They assist in every aspect. Ask about fees and charges. Negotiate the best interest rates.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    9/10

    Kerina | South Australia

    reviewed about 4 years ago

  • Overall
    9/10
    Great rates and friendly service.

    I like this bank because they are always ready to help you out and never make you feel like you...

    I like this bank because they are always ready to help you out and never make you feel like you are just a nuisance to be served.

    Price
    7/10
    Features
    4/10
    Customer service
    9/10
    Convenience
    10/10
    Trust
    9/10

    Mikelis | South Australia

    reviewed over 4 years ago

  • Overall
    9/10
    Competitive with other banks and excellent service

    My bank is always polite when I ask any questions either via phone or in person. They are...

    My bank is always polite when I ask any questions either via phone or in person. They are helpful and make me feel important.

    Price
    9/10
    Features
    8/10
    Customer service
    9/10
    Convenience
    10/10
    Trust
    10/10

    Mary | South Australia

    reviewed over 4 years ago

  • Overall
    8/10
    Secure/Easy online Banking

    We are happy with the bank however the rates for our savings acct are low, nobody has contacted...

    We are happy with the bank however the rates for our savings acct are low, nobody has contacted us from the bank or even mentioned when we call up that perhaps we could do better by placing the money into another account. It's a fair amount and been there for 3 years without any recommendations.

    Price
    7/10
    Features
    5/10
    Customer service
    9/10
    Convenience
    9/10
    Trust
    9/10

    Rhonda | South Australia

    reviewed over 4 years ago

Beyond Bank

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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