The Sydney Mutual iNetSaver is a super simple, no strings attached savings account that comes with a maximum rate of 0.15% for balances over $2,000.
As the name suggests, the Sydney Mutual iNet Saver is an online savings account with two simple rate tiers depending on a savers account balance.
Savers with $2,000 or more in their account will be able to earn a 0.15% rate, while those with a balance below that will receive a 0.05% rate. Unlike many accounts, customers won't need to meet any other requirements to achieve those rates.
Interest is calculated daily and paid monthly, and when it comes to accessing your money, you’ll be able to make unlimited transactions via phone and internet banking.
The Sydney Mutual iNetSaver could suit those with at least $2,000 in savings, but considering the maximum interest rate sits at just 0.15% it might be worth shopping around for another place to put your savings.
As mentioned above, the maximum rate of 0.15% will only apply for balances of $2,000 or above. Balances below that will earn just 0.05%.
| Balances from $0: 0.05% p.a. | |
| n/a | |
| n/a |
| $0.00 | |
| n/a | |
| Unlimited phone and internet banking | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| $0.00 | |
| $0.00 | |
| n/a |
| $0.00 | |
| $0.00 | |
| Monthly |
| no | |
| none | |
| no | |
| no | |
| no | |
| no | |
| no | |
| yes | |
| yes | |
| no | |
| no | |
| none | |
| none | |
| none |
With my second account I can save money up for an emergency its so great
Read full reviewWith my second account I can save money up for an emergency its so great
Very good bank. However, would be better with more branches.
Read full reviewVery good bank. However, would be better with more branches.
Virgin Money
Boost Saver with Go Account
1.50% p.a. (for $0 to $250,000)
0.10% p.a.(for $0 and over)
Yes up to $250,000
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
Rabobank
High Interest Savings Account
1.35% p.a. (for $0 to $250,001)
0.25% p.a.(for $0 to $250,001)
Yes up to $250,000
Virgin Money
Grow Saver
0.65% p.a. (for $0 and over)
0.10% p.a.(for $0 and over)
Yes up to $250,000
Virgin Money
Boost Saver with Go Account
1.50% p.a. (for $0 to $250,000)
0.10% p.a.(for $0 and over)
Yes up to $250,000
Rabobank
High Interest Savings Account
1.35% p.a. (for $0 to $250,001)
0.25% p.a.(for $0 to $250,001)
Yes up to $250,000
Virgin Money
Grow Saver
0.65% p.a. (for $0 and over)
0.10% p.a.(for $0 and over)
Yes up to $250,000
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
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
Bank of Queensland
Fast Track Saver Account
0.05% p.a.(for $1 and over)
1.05% p.a. (for $1 to $250,000)
Yes up to $250,000
Bank of Queensland
Fast Track Starter Account
0.05% p.a.(for $1 and over)
2.50% p.a. (for $1 to $10,000)
Yes up to $250,000
ANZ
Progress Saver
0.01% p.a.(for $0 and over)
0.25% p.a. (for $0 and over)
Yes up to $250,000
Newcastle Permanent
Smart Saver
0% p.a.(for $0 and over)
1.20% p.a. (for $0 and over)
Yes up to $250,000
Auswide Bank
Ziggy Kids Saver
0.01% p.a.(for $0 and over)
1.25% p.a. (for $0 and over)
Yes up to $250,000