Southern Cross Credit Union Star Saver

1.50% p.a.(for $0 and over)

1.75% p.a. (for $0 and over)

Southern Cross Credit Union Star Saver

1.50% p.a.(for $0 and over)

1.75% p.a. (for $0 and over)

Mozo Review   Southern Cross Credit Union Star Saver Review

Last updated: 26 March 2020.

What's hot:
  • 1.75% p.a. standard interest rate (for first 6 months)

  • $6.00 monthly account fee waived if conditions met

  • Unlimited free transactions from phone & internet

What's not:
  • Interest paid half-yearly

  • $6.00 account fee if conditions not met & $2.00 over the counter withdrawal fee

Mozo snapshot:

So, you’re looking for a shiny new savings account to stash your cash in? Well, with a competitive 1.75% p.a. interest rate for the first 6 months and the flexibility to make unlimited free transactions from phone and internet, the Southern Cross Credit Union Star Saver just might be your savings account match! Just make sure you can meet the conditions to skip out on the $6 monthly account fee.

Key features:

The Southern Cross Credit Union Star Saver kicks things off with a solid 1.75% p.a. standard interest rate (reverts to 1.50% p.a. after 6 months) with interest paid on a half-yearly basis - so you’ll be able to earn interest on your savings without having to worry about any tedious minimum balance or opening deposit requirements.

On top of this, the Southern Cross Credit Union Star Saver offers flexible features, such as the ability to make unlimited free transactions over the phone and via internet banking, so you won’t cop any pesky fee charges should you need to move your money around in your accounts.

While this account charges a $6.00 account fee, if you’re under the age of 21, you maintain a $3,000 minimum account balance or have at least a $30,000 total in deposits and/or loans with Southern Cross Credit Union this fee will be waived.

Who it's good for:

The Southern Cross Credit Union Star Saver could be a great savings account option for  Aussies who are under the age of 21, can afford to maintain a minimum account balance of $3,000 or have at least a $30,000 or more total in deposits or loans with Southern Cross Credit Union and thus can have the $6.00 monthly account fee waived. So if you’re already a Southern Cross customer, this one might be for you!

Any catches?

If you plan on withdrawing money from a branch, keep in mind that the Southern Cross Credit Union Star Saver comes with a $2.00 over the counter withdrawal fee.

Also, while it won't make a huge difference, having interest paid on a half-yearly basis actually means that you’ll earn slightly less interest than if you were to be paid on a monthly basis.

Details

Rates and fees information correct as at 4 April 2020. 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: 1.50% p.a.

  • Balances from $0: 1.75% p.a.

  • Bonus rate for the first 6 months from account opening

Fees
  • $6.00

  • monthly fee waived for under 21’s; if account balance remains over $3k; or if over $30k total in deposits and/or loans with SCCU.

  • unlimited free transactions from phone and internet.

  • n/a

  • n/a

  • n/a

  • n/a

  • $2.00

  • n/a

  • n/a

  • $0.60

  • n/a

Other financial bits
  • $0.00

  • $0.00

  • Half-yearly

Features
  • no

  • none

  • no

  • no

  • no

  • no

  • no

  • no

  • yes

  • no

  • no

  • none

  • none

  • none

Customer Reviews

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

Overall customer rating
8.8/10
Price
7.9/10
Features
7.7/10
Customer service
9.2/10
Convenience
8.0/10
Trust
9.0/10
Southern Cross Credit Union

About Southern Cross Credit Union

Southern Cross Credit Union has a range of financial products and services for its members. Southern Cross offers an extensive range of products in home, personal, business and investment loans, low doc loans, a range of debit card options, savings accounts, term deposits and insurance products for its members.

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

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0.20% p.a.(for $1 and over)

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1.90% p.a. (for $0 and over)

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

$0.00

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IMB Bank

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Reward Saver Account

1.75% p.a. (for $5,000 and over)

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

$0.00

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Defence Bank

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1.70% p.a. (for $0 to $1,000,000)

0.05% p.a.(for $0 to $1,000,000)

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2.20% p.a. (for $1 to $100,000)

0.80% p.a.(for $1 to $250,000)

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UBank

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1.85% p.a. (for $0 to $200,000)

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1.35% p.a.(for $0 to $25,000)

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

2.00% p.a. (for $0 to $250,000)

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

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Suncorp

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

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0.20% p.a.(for $1 and over)

2.00% p.a. (for $1 to $250,000)

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0.05% p.a.(for $0 to $1,000,000)

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0.80% p.a.(for $1 to $250,000)

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

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