Easy Street logo

Easy Street Bonus Saver

Advertiser disclosure
Interest rate
0.01% p.a.(for $0 and over)
Maximum rate
5.00% p.a. (for $0 and over)
Govt deposit guarantee
Yes up to $250,000

Mozo editorial review Easy Street Bonus Saver - last updated: 3 July 2023

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What's hot
  • 5.00% 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 5.00% 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 5.00% 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 5.00% total bonus rate, so try to resist the urge to dip into your savings.

Details

Rates and fees information correct as at 19 March 2024. 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: 5.00% 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

n/a

no

no

no

no

no

no

yes

no

no

Must link to an Easy Street transaction account.

none

none

Customer Reviews

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

Overall
Price
Features
Customer service
Convenience
Trust

Latest review of Easy Street Bonus Saver Savings Account

About Easy Street

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5.35% p.a. (for $0 to $250,000)

4.75% p.a.(for $0 to $1,000,000)

Yes up to $250,000

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Reward Saver Account

5.25% p.a. (for $0 to $1,000,000)

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

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5.75% p.a. (for $0 to $250,001)

4.40% p.a.(for $0 to $250,001)

Yes up to $250,000

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ubank

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5.10% p.a. (for $0 to $250,000)

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

Yes up to $250,000

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Hero Saver

4.60% p.a. (for $0 to $250,001)

1.00% p.a.(for $0 to $5,000,001)

Yes up to $250,000

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MyState Bank

Bonus Saver Account

5.00% p.a. (for $0 to $250,000)

0.05% p.a.(for $0 and over)

Yes up to $250,000

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Bendigo Bank

Reward Saver

5.25% p.a. (for $0 to $100,000)

0.30% p.a.(for $0 and over)

Yes up to $250,000

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Westpac

Life - 18-29 years old

5.20% p.a. (for $0 to $30,000)

2.00% p.a.(for $0 and over)

Yes up to $250,000

Thumbnail icon for Macquarie
Macquarie

Savings Account

5.35% p.a. (for $0 to $250,000)

Yes up to $250,000

4.75% p.a.(for $0 to $1,000,000)

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ubank

Save Account

5.10% p.a. (for $0 to $250,000)

Yes up to $250,000

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

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IMB Bank

Reward Saver Account

5.25% p.a. (for $0 to $1,000,000)

Yes up to $250,000

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

Thumbnail icon for Rabobank
Rabobank

High Interest Savings Account

5.75% p.a. (for $0 to $250,001)

Yes up to $250,000

4.40% p.a.(for $0 to $250,001)

Thumbnail icon for Bankwest
Bankwest

Hero Saver

4.60% p.a. (for $0 to $250,001)

Yes up to $250,000

1.00% p.a.(for $0 to $5,000,001)

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MyState Bank

Bonus Saver Account

5.00% p.a. (for $0 to $250,000)

Yes up to $250,000

0.05% p.a.(for $0 and over)

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Westpac

Life - 18-29 years old

5.20% p.a. (for $0 to $30,000)

Yes up to $250,000

2.00% p.a.(for $0 and over)

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IMB Bank

Reward Saver Account

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

5.25% p.a. (for $0 to $1,000,000)

Yes up to $250,000

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