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.

binocular icon
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 2 March 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.

  • n/a

  • n/a

Fees
  • $0.00

  • n/a

  • Unlimited from phone, internet.

  • n/a

  • n/a

  • n/a

  • $0.00

  • $15.00

  • n/a

  • $0.00

  • $0.00

  • n/a

Other financial bits
  • $1.00

  • $0.00

  • Monthly

Features
  • no

  • none

  • no

  • no

  • yes

  • no

  • no

  • yes

  • yes

  • no

  • no

  • none

  • none

  • none

Customer Reviews

How are Illawarra Credit Union savings accounts rated by the Mozo community?

Price
6.3/10
Features
5.9/10
Customer service
8.2/10
Convenience
7.2/10
Trust
8.1/10

Latest reviews of Illawarra Credit Union Saver

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About Illawarra Credit Union

Illawarra Credit Union is a community credit union, that uses its profits to improve products and services offered to its customers, in the Illawarra region. Illawarra offers its customers with competitive products and services in home and personal loans, credit cards, car loans, savings accounts, term deposits and debit cards. Illawarra provides financial solutions complimented with customer service.

See Illawarra Credit Union savings accounts

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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

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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

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Bankwest

Hero Saver

0.80% p.a. (for $0 to $250,001)

0.01% p.a.(for $0 to $5,000,000)

Yes up to $250,000

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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

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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

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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

Thumbnail icon for MyState Bank

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

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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

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Bankwest

Hero Saver

0.80% p.a. (for $0 to $250,001)

0.01% p.a.(for $0 to $5,000,000)

Yes up to $250,000

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Up

Saver Account

0.70% p.a. (for $0 to $1,000,000)

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

Yes up to $250,000

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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

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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

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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

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Bankwest

Hero Saver

0.01% p.a.(for $0 to $5,000,000)

0.80% p.a. (for $0 to $250,001)

Yes up to $250,000

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Up

Saver Account

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

0.70% p.a. (for $0 to $1,000,000)

Yes up to $250,000

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ANZ

Progress Saver

0.01% p.a.(for $0 and over)

0.40% p.a. (for $0 and over)

Yes up to $250,000

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Newcastle Permanent

Smart Saver

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

1.40% p.a. (for $0 and over)

Yes up to $250,000

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Auswide Bank

Ziggy Kids Saver

0.01% p.a.(for $0 and over)

2.01% p.a. (for $0 and over)

Yes up to $250,000