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 0.45% 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 0.45% 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 0.45% total bonus rate, so try to resist the urge to dip into your savings.
| Balances from $0: 0.01% p.a. | |
| Balances from $0: 0.45% 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 |
Had a joint account here and my husband died - impossible to deal with - made it practically impossible for me to access the funds. Don't go here - All functions are very limited - no real BPAY functions to many repeated passwords for standard commands. No autopay for BPAY. Still using 1980's software. No shop front - use extreme caution. I got out as quick as I could.
Read full reviewHad a joint account here and my husband died - impossible to deal with - made it practically impossible for me to access the funds. Don't go here - All functions are very limited - no real BPAY functions to many repeated passwords for standard commands. No autopay for BPAY. Still using 1980's software. No shop front - use extreme caution. I got out as quick as I could.
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