Illawarra Credit Union logo
Mini meca 2021

Illawarra Credit Union Saver

Advertiser disclosure
Interest rate
0.05% p.a.(for $0 to $10,000)
Maximum rate
No Current Offer
Govt deposit guarantee
Yes up to $250,000

Mozo editorial review Illawarra Credit Union Saver - last updated: 20 January 2021

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What's hot
  • Unlimited free transactions from phone and internet.
  • No monthly account fees
What's not
  • 0.05% standard rate for balances under $30,000
Mozo snapshot

Looking for a savings account with Illawarra Credit Union? The Saver account comes with few fees and a range of standard interest rates from 0.05% to 0.50% (depending on the balance) with which you can help grow your savings stash. 

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Key features

The Saver account from Illawarra Credit Union is designed for savers who enjoy the flexibility of dipping in and out of their savings and not having to jump through hoops to a certain interest rate. That's because there are no monthly requirements with the account, though the specific standard interest rate savers will earn will depend on their balance: 

  • 0.05%: For balances between $0 and $29,999 
  • 0.25%: For balances between $30,000 and $79,999
  • 0.50%: For balances between $80,000 and $99,999
  • 0.05%: For balances above $100,000

There are also no monthly accounts fees to worry about, and savers can make unlimited free transactions from both phone and internet. Just bear in mind that if you ever need to make a withdrawal in a branch over the counter then you'll be charged a $15 fee. 


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Who is it good for

If you're looking for a no strings attached savings account from Illawarra Credit Union then the Saver account could be the one for you. 

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Any catches

The interest rates available on the Saver account are relatively low, especially those for balances below the $30,000 mark, so if you're looking for an account with a higher rate than it may be worthwhile comparing other savings account options. 

Details

Rates and fees information correct as at 29 September 2021. 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: 0.05% p.a.
Balances from $10,000: 0.05% p.a.
Balances from $30,000: 0.25% p.a.
Balances from $50,000: 0.25% p.a.
Balances from $80,000: 0.50% p.a.
Balances from $100,000: 0.05% p.a.

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Fees

$0.00

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Unlimited from phone, internet.

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n/a

n/a

$0.00

$15.00

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$0.00

$0.00

n/a

Other financial bits

$1.00

$0.00

Monthly

Features

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none

no

no

yes

no

no

yes

yes

no

no

none

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none

Customer Reviews

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About Illawarra Credit Union