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Southern Cross Credit Union Star Saver

Interest rate
1.50% p.a.(for $0 and over)
Maximum rate
1.75% p.a. (for $0 and over)

Mozo editorial review Southern Cross Credit Union Star Saver

Last updated: 13 May 2020.

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What's hot
  • 1.50% p.a. standard interest rate
  • $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 1.50% p.a. interest rate  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.

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Key features

The Southern Cross Credit Union Star Saver kicks things off with a solid 1.50% p.a. standard rate 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.

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Who is it 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!

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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 26 May 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.

See Southern Cross Credit Union savings accounts

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Bank of Queensland

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1.85% p.a. (for $1 to $250,000)

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Yesup to $250,000

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UBank

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1.60% p.a. (for $0 to $250,000)

0.54% p.a.(for $0 to $5,000,000)

Yesup to $250,000

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Rabobank

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2.25% p.a. (for $0 to $250,001)

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

Yesup to $250,000

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ME

ME

Online Savings Account

1.80% p.a. (for $0 to $250,000)

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

Yesup to $250,000

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Citi

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Online Saver

2.05% p.a. (for $0 to $500,000)

0.35% p.a.(for $0 and over)

Yesup to $250,000

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AMP

AMP

Saver Account

2.26% p.a. (for $0 to $500,000)

1.05% p.a.(for $0 to $5,000,000)

Yesup to $250,000

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Defence Bank

Defence Bank

iSaver

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

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

Yesup to $250,000

Promoted

UBank

UBank

USave with USpend Transaction Account

1.60% p.a. (for $0 to $250,000)

0.54% p.a.(for $0 to $5,000,000)

Yesup to $250,000

Promoted

Bank of Queensland

Bank of Queensland

Fast Track Saver Account

1.85% p.a. (for $1 to $250,000)

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

Yesup to $250,000

Promoted

Suncorp

Suncorp

Growth Saver Account

1.80% p.a. (for $0 and over)

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

Yesup to $250,000

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ME

ME

Online Savings Account

1.80% p.a. (for $0 to $250,000)

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

Yesup to $250,000

Promoted

Rabobank

Rabobank

High Interest Savings Account

2.25% p.a. (for $0 to $250,001)

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

Yesup to $250,000

Promoted

CUA

CUA

eSaver Reward

1.70% p.a. (for $0 to $100,000)

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

Yesup to $250,000

Promoted

AMP

AMP

Saver Account

1.05% p.a.(for $0 to $5,000,000)

2.26% p.a. (for $0 to $500,000)

Promoted

Suncorp

Suncorp

Growth Saver Account

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

1.80% p.a. (for $0 and over)

Promoted

Defence Bank

Defence Bank

iSaver

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

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

Promoted

Bank of Queensland

Bank of Queensland

Fast Track Saver Account

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

1.85% p.a. (for $1 to $250,000)

Promoted

UBank

UBank

USave with USpend Transaction Account

0.54% p.a.(for $0 to $5,000,000)

1.60% p.a. (for $0 to $250,000)

Promoted

Rabobank

Rabobank

High Interest Savings Account

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

2.25% p.a. (for $0 to $250,001)

Promoted

ME

ME

Online Savings Account

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

1.80% p.a. (for $0 to $250,000)

Promoted

Citi

Citi

Online Saver

0.35% p.a.(for $0 and over)

2.05% p.a. (for $0 to $500,000)