Thumbnail icon for Easy Street

Easy Street Bonus Saver

Interest rate
0.01% p.a.(for $0 and over)
Maximum rate
1.10% p.a. (for $0 and over)

Mozo editorial review Easy Street Bonus Saver

Last updated: 1 April 2020.

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What's hot
  • 1.10% total bonus rate (with low deposit requirement)
  • No account fees
  • No minimum balance
What's not
  • 0.01% standard variable rate
Mozo snapshot

With a  bonus interest rate and zero account fees, the Easy Street Bonus Saver is an excellent way to kick start your savings. It offers a 1.10% p.a. total bonus rate, as long as you meet the minimum deposit requirements and don’t make any withdrawals in the month. Recurring payments can also be set up to help keep you on track with your savings goals.

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Key features

If you need a bit of a nudge when it comes to saving, the Easy Street Bonus Saver could be a great pick. As long as you’re able to deposit at least $50 in a month and avoid making any withdrawals, you’ll be rewarded with a 1.10% p.a. interest rate. Fall short of these requirements, however, and that rate drops to 0.01% p.a., giving you plenty of incentive to save instead of spend.

There's also the option to set up an automatic savings plan. Just nominate an account like the linked transaction account and specify how much you’d like transferred into your Easy Street Bonus Saver each month and you’ll be this much closer to meeting your savings goals.

There are no account fees whatsoever and your funds are easily accessible via online banking. Interest is calculated daily and paid out monthly, and if you meet the requirements for the bonus rate, it’ll be added to the following month’s balance.

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Who is it good for

The Easy Street Bonus Saver would benefit dedicated savers and anyone looking to become one, as the bonus rate provides some serious motivation to get on top of your saving habits.

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Any catches

If you make even one withdrawal or fail to deposit at least $50 a month, you’ll miss out on the 1.10% total bonus rate, so try to resist the urge to dip into your savings.

Details

Rates and fees information correct as at 6 July 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: 0.01% p.a.

  • Balances from $0: 1.10% p.a.

  • Minimum deposit of $50 and no withdrawals in the month

Fees
  • $0.00

  • n/a

  • Unlimited free internet transactions

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • $0.00

  • n/a

Other financial bits
  • $2.00

  • $0.00

  • Monthly

Features
  • no

  • none

  • no

  • no

  • no

  • no

  • no

  • no

  • yes

  • no

  • no

  • Must link to a transaction account

  • none

  • none

Customer Reviews

How are Easy Street savings accounts rated by the Mozo community?

Overall customer rating
10.0/10
Price
9.5/10
Features
6.0/10
Customer service
10.0/10
Convenience
10.0/10
Trust
10.0/10
Easy Street

About Easy Street

Easy Street is powered by Community First Credit Union, the largest community based credit union operating throughout Sydney and the Central Coast. It has more than $700m in assets, and over 70,000 Members - making it rock solid. Being large means Community First can maintain high levels of reserves to ensure its ongoing viability. Easy Street offers a wide range of financial services including award winning savings and loans. Their advanced suite of services is only available online, which means we can be fast and flexible at all times.

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