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 0.60% 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.
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 0.60% 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.
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.
If you make even one withdrawal or fail to deposit at least $50 a month, you’ll miss out on the 0.75% total bonus rate, so try to resist the urge to dip into your savings.
Balances from $0: 0.01% p.a.
Balances from $0: 0.50% p.a.
Minimum deposit of $50 and no withdrawals in the month
$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
$2.00
$0.00
Monthly
no
none
no
no
no
no
no
no
yes
no
no
Must link to an Easy Street transaction account.
none
none
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.
MyState Bank
Bonus Saver Account
1.20% p.a. (for $0 to $250,000)
0.10% p.a.(for $0 and over)
Yes up to $250,000
Virgin Money
Boost Saver with Go Account
1.20% p.a. (for $0 to $250,000)
0.10% p.a.(for $0 and over)
Yes up to $250,000
HSBC
Serious Saver
0.30% p.a. (for $0 to $1,000,000)
0.15% p.a.(for $0 and over)
Yes up to $250,000
Virgin Money
Grow Saver
0.65% p.a. (for $0 and over)
0.10% p.a.(for $0 and over)
Yes up to $250,000
Bank of Queensland
Fast Track Saver Account
1.05% p.a. (for $1 to $250,000)
0.05% p.a.(for $1 and over)
Yes up to $250,000
Bankwest
Hero Saver
0.70% p.a. (for $0 to $250,001)
0.01% p.a.(for $0 to $5,000,000)
Yes up to $250,000
Citi
Online Saver
1.10% p.a. (for $0 to $500,000)
0.35% p.a.(for $0 and over)
Yes up to $250,000
HSBC
Flexi Saver
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
MyState Bank
Bonus Saver Account
1.20% p.a. (for $0 to $250,000)
0.10% p.a.(for $0 and over)
Yes up to $250,000
Virgin Money
Boost Saver with Go Account
1.20% p.a. (for $0 to $250,000)
0.10% p.a.(for $0 and over)
Yes up to $250,000
Virgin Money
Grow Saver
0.65% p.a. (for $0 and over)
0.10% p.a.(for $0 and over)
Yes up to $250,000
HSBC
Serious Saver
0.30% p.a. (for $0 to $1,000,000)
0.15% p.a.(for $0 and over)
Yes up to $250,000
Bank of Queensland
Fast Track Saver Account
1.05% p.a. (for $1 to $250,000)
0.05% p.a.(for $1 and over)
Yes up to $250,000
Bankwest
Hero Saver
0.70% p.a. (for $0 to $250,001)
0.01% p.a.(for $0 to $5,000,000)
Yes up to $250,000
Citi
Online Saver
1.10% p.a. (for $0 to $500,000)
0.35% p.a.(for $0 and over)
Yes up to $250,000
HSBC
Flexi Saver
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
Newcastle Permanent
Smart Saver
0% p.a.(for $0 and over)
1.40% p.a. (for $0 and over)
Yes up to $250,000