IMB Bank Reward Saver Account

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

2.00% p.a. (for $5,000 and over)

IMB Bank Reward Saver Account

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

2.00% p.a. (for $5,000 and over)

Mozo Review   IMB Bank Reward Saver Account Review

Last updated: 1 November 2019.

What's hot:
  • Unlimited phone, internet, over the counter transactions

  • Bpay and Australia Post bill pay features

  • No account keeping fee

What's not:
  • Big ATM withdrawal fees

Mozo snapshot:

IMB's Reward Saver account is an accessible, simple, no frills account that is designed to incentivise saving. More cash in the bank equals a higher interest rate - you can grab up to 2.00% p.a!

Key features:

The IMB Reward Saver account works well for serious savers. A $50 deposit and no withdrawals in the month will get you an interest rate of 2.00% for the first four months after opening the account (for accounts with $5000 and over). After the first 4 months, the rate drops down to 0.90% if you still meet the deposit and withdrawal conditions. 

If you're planning on using this account for anything other than serious savings, it's going to cost you. Any IMB ATM withdrawal will set you back 70 cents, while any Westpac Group machine will charge you $1.25 to access your cash. And don't think you can escape the fees by heading into a branch - an over the counter withdrawal will cost you $2.25. As an added sting, any Eftpos transaction from the account will incur an 85 cent fee. 

If all these fees are sounding a bit excessive, don't stress. Customers are entitled to unlimited free phone and internet transactions, as well as free over the counter deposits, so transferring your money out of the Reward Saver and into a spending account won't cost you anything.


Who it's good for:

IMB's Reward Saver account will work well for anyone who is looking for a simple account that encourages and rewards saving.

Any catches?

Keep a close eye on your balance and keep track of your deposits to ensure you don't lose that interest rate.

Details

Rates and fees information correct as at 17 November 2019. 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: 0.00% p.a.

  • Balances from $0: 0.90% p.a.
    Balances from $5,000: 2.00% p.a.

  • Minimum deposit of $50 and no withdrawals. Reverts to bonus rate of 0.90% after the first 4 months.

Fees
  • $0.00

  • n/a

  • Unlimited transactions from counter deposits, phone and internet

  • $0.70

  • IMB, Westpac

  • $0.00

  • $0.00

  • $2.25

  • $0.85

  • $0.00

  • $0.00

  • $1.00

Other financial bits
  • $1.00

  • $0.00

  • Monthly

Features
  • yes

  • $1,000.00

  • yes

  • no

  • yes

  • yes

  • yes

  • yes

  • yes

  • yes

  • yes

  • none

  • Westpac Group ATMs withdrawals are $1.25 and enquiries are $1.00.

  • none

Customer Reviews

How are IMB Bank savings accounts rated by the Mozo community?

Overall customer rating
7.5/10
Price
6.7/10
Features
6.3/10
Customer service
7.8/10
Convenience
7.5/10
Trust
7.6/10

Latest reviews of IMB Bank Reward Saver Account

  • Overall
    4/10
    It has good services

    Its a big bank and it will not lose any of my money.

    Its a big bank and it will not lose any of my money.

    Price
    3/10
    Features
    3/10
    Customer service
    4/10
    Convenience
    4/10
    Trust
    4/10

    Peco | New South Wales

    reviewed almost 2 years ago

  • Overall
    7/10
    Very happy with bank

    Very happy with bank

    Very happy with bank

    Price
    7/10
    Features
    7/10
    Customer service
    7/10
    Convenience
    7/10
    Trust
    7/10

    Lisa | New South Wales

    reviewed over 3 years ago

  • Overall
    7/10
    Great customer service

    Excellent bank to interact with however I don't think I'm getting the most for my money

    Excellent bank to interact with however I don't think I'm getting the most for my money

    Price
    4/10
    Features
    6/10
    Customer service
    8/10
    Convenience
    7/10
    Trust
    8/10

    Matthew | New South Wales

    reviewed over 3 years ago

  • Overall
    4/10
    their all the same

    Another bank just out to make a CEO filthy ritch at the expense of the customer. Because they...

    Another bank just out to make a CEO filthy ritch at the expense of the customer. Because they need those extra millions to live, drugs n drink to live with their conscience of taking someone's house cause they mised a payment

    Price
    4/10
    Features
    4/10
    Customer service
    4/10
    Convenience
    4/10
    Trust
    4/10

    Anthony | New South Wales

    reviewed about 4 years ago

  • Overall
    10/10
    Great services

    Price
    9/10
    Features
    9/10
    Customer service
    9/10
    Convenience
    9/10
    Trust
    8/10

    Mick | Australian Capital Territory

    reviewed about 4 years ago

IMB Bank

About IMB Bank

IMB is one of Australia's largest building society servicing the lower east coast of Australia. IMB's better value banking offers its customers lower cost banking and secure services. IMBs' face-to-face facilities allow them to offer a more personalised service in taking care of the IMB community. IMB offers a range of products including insurance, business banking, term deposits, saving & transaction accounts and home & personal loans.

See IMB Bank savings accounts

Promoted

UBank

UBank

USaver with Ultra Transaction Account

2.10% p.a. (for $0 to $200,000)

1.04% p.a.(for $0 to $5,000,000)

$0.00

Promoted

MyState Bank

MyState Bank

Bonus Saver Account

2.25% p.a. (for $0 to $150,000)

0.55% p.a.(for $0 and over)

$0.00

Promoted

Suncorp

Suncorp

Growth Saver Account

1.95% p.a. (for $0 and over)

0.20% p.a.(for $0 and over)

$0.00

Promoted

AMP

AMP

Saver Account

2.36% p.a. (for $0 to $250,000)

1.40% p.a.(for $0 to $5,000,000)

$0.00

Promoted

Rabobank

Rabobank

High Interest Savings Account

2.50% p.a. (for $0 to $250,001)

1.05% p.a.(for $0 to $250,001)

$0.00

Promoted

ANZ

ANZ

Online Saver

1.60% p.a. (for $0 and over)

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

$0.00

Promoted

Citi

Citi

Online Saver

2.30% p.a. (for $0 to $500,000)

0.85% p.a.(for $0 and over)

$0.00

Promoted

CUA

CUA

eSaver Flexi

No Current Offer

1.30% p.a.(for $0 and over)

$0.00

Promoted

UBank

UBank

USaver with Ultra Transaction Account

2.10% p.a. (for $0 to $200,000)

1.04% p.a.(for $0 to $5,000,000)

$0.00

Promoted

AMP

AMP

Saver Account

2.36% p.a. (for $0 to $250,000)

1.40% p.a.(for $0 to $5,000,000)

$0.00

Promoted

MyState Bank

MyState Bank

Bonus Saver Account

2.25% p.a. (for $0 to $150,000)

0.55% p.a.(for $0 and over)

$0.00

Promoted

Suncorp

Suncorp

Growth Saver Account

1.95% p.a. (for $0 and over)

0.20% p.a.(for $0 and over)

$0.00

Promoted

Rabobank

Rabobank

High Interest Savings Account

2.50% p.a. (for $0 to $250,001)

1.05% p.a.(for $0 to $250,001)

$0.00

Promoted

ANZ

ANZ

Online Saver

1.60% p.a. (for $0 and over)

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

$0.00

Promoted

Citi

Citi

Online Saver

2.30% p.a. (for $0 to $500,000)

0.85% p.a.(for $0 and over)

$0.00

Promoted

CUA

CUA

eSaver Flexi

No Current Offer

1.30% p.a.(for $0 and over)

$0.00

Promoted

UBank

UBank

USaver with Ultra Transaction Account

2.10% p.a. (for $0 to $200,000)

1.04% p.a.(for $0 to $5,000,000)

Promoted

MyState Bank

MyState Bank

Bonus Saver Account

2.25% p.a. (for $0 to $150,000)

0.55% p.a.(for $0 and over)

Promoted

AMP

AMP

Saver Account

2.36% p.a. (for $0 to $250,000)

1.40% p.a.(for $0 to $5,000,000)

Promoted

Suncorp

Suncorp

Growth Saver Account

1.95% p.a. (for $0 and over)

0.20% p.a.(for $0 and over)

Promoted

Rabobank

Rabobank

High Interest Savings Account

2.50% p.a. (for $0 to $250,001)

1.05% p.a.(for $0 to $250,001)

Promoted

Citi

Citi

Online Saver

2.30% p.a. (for $0 to $500,000)

0.85% p.a.(for $0 and over)