Unity Bank logo

Unity Bank MoneyMAX

Advertiser disclosure
Interest rate
4.70% p.a.(for $1 and over)
Maximum rate
No Current Offer
Govt deposit guarantee
Yes up to $250,000
Go to site

Mozo editorial review Unity Bank MoneyMAX - last updated: 16 September 2024

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What's hot
  • Variable interest rate of 4.70% p.a. for balances over $1
  • Access through app, phone and internet banking
  • Mozo Experts Choice Award Winner 2024
What's not
  • Bonus interest not available
Mozo snapshot

Unity Bank’s MoneyMAX is a high-interest savings account with a rate of 4.70% p.a, which is greater than the average rate currently in our database. One of the big benefits of this account is that everybody gets access to that high interest rate – all you need to do is have $1 or more in your account. It’s this feature which helped Unity Bank win a Savings Accounts Mozo Experts Choice Award in 2024.

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Key features

Tired of meeting special conditions every month to access high-interest savings rates? Unity Bank’s MoneyMAX account has skipped all that, and offers an interest rate of 4.70% p.a. as long as you have at least $1 in your savings account.

There is no introductory offer either, just a competitive ongoing rate of 4.70% p.a. whether you’ve had a Unity Bank MoneyMAX account for 1 month, 1 year, or more.

You don’t have to pay transaction fees or monthly service fees on a MoneyMAX account, and you’ve got the ability to access your money through the Unity Bank app, or via phone and internet banking. You also don’t need to link your MoneyMAX savings account to one of Unity Bank’s transaction accounts.

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Who is it good for

The Unity Bank MoneyMAX savings account can be a good option for those looking for a set and forget approach to grow their savings. The ability to get a high-interest rate of 4.75% p.a. every month with no strings attached is a great benefit for those who struggle to meet the special conditions and caveats that can come with other high-interest savings accounts.

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Any catches

While some will be pleased by Unity Bank’s easy approach to savings, some may be disappointed that there is no bonus interest offer on the table. For anyone looking to earn extra interest, consider one of the other winners in Mozo’s Experts Choice Awards for Savings Accounts.

Details

Rates and fees information correct as at 9 October 2024. 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 $1: 4.70% p.a.

n/a

n/a

Fees

$0.00

n/a

Unlimited online access visa Banking App, Phone and Internet Banking.

n/a

n/a

n/a

n/a

n/a

n/a

$0.00

$0.00

n/a

Other financial bits

$1.00

$0.00

Monthly

Features

no

n/a

no

no

no

no

no

no

yes

yes

no

Branch access for deposits only.

none

none

^See information about the Mozo Expert Choice Awards

Customer Reviews

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

Overall
8.4/10
Price
8.1/10
Features
7.1/10
Customer service
8.8/10
Convenience
7.5/10
Trust
9.2/10
Based on 19 Unity Bank savings account reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

About Unity Bank

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Macquarie

Savings Account

5.35% p.a. (for $0 to $250,000)

4.75% p.a.(for $0 to $1,000,000)

Yes up to $250,000

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ING

Savings Maximiser

5.50% p.a. (for $0 to $100,000)

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

Yes up to $250,000

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Unity Bank

MoneyMAX

No Current Offer

4.70% p.a.(for $1 and over)

Yes up to $250,000

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BCU Bank

Bonus Saver

5.00% p.a. (for $0 and over)

1.00% p.a.(for $0 and over)

Yes up to $250,000

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ING

Savings Accelerator

3.55% p.a. (for $0 to $50,000)

2.85% p.a.(for $0 to $50,000)

Yes up to $250,000

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Westpac

Life - 18-29 years old

5.20% p.a. (for $0 to $30,000)

1.85% p.a.(for $0 and over)

Yes up to $250,000

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Bonus Saver Account

5.00% p.a. (for $0 to $250,000)

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

Yes up to $250,000

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Macquarie

Savings Account

5.35% p.a. (for $0 to $250,000)

Yes up to $250,000

4.75% p.a.(for $0 to $1,000,000)

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ING

Savings Maximiser

5.50% p.a. (for $0 to $100,000)

Yes up to $250,000

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

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BCU Bank

Bonus Saver

5.00% p.a. (for $0 and over)

Yes up to $250,000

1.00% p.a.(for $0 and over)

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Unity Bank

MoneyMAX

No Current Offer

Yes up to $250,000

4.70% p.a.(for $1 and over)

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MyState Bank

Bonus Saver Account

5.00% p.a. (for $0 to $250,000)

Yes up to $250,000

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

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Westpac

Life - 18-29 years old

5.20% p.a. (for $0 to $30,000)

Yes up to $250,000

1.85% p.a.(for $0 and over)

Thumbnail icon for ING
ING

Savings Accelerator

3.55% p.a. (for $0 to $50,000)

Yes up to $250,000

2.85% p.a.(for $0 to $50,000)

Thumbnail icon for ING
ING

Savings Maximiser

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

5.50% p.a. (for $0 to $100,000)

Yes up to $250,000

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BCU Bank

Bonus Saver

1.00% p.a.(for $0 and over)

5.00% p.a. (for $0 and over)

Yes up to $250,000

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ING

Savings Accelerator

2.85% p.a.(for $0 to $50,000)

3.55% p.a. (for $0 to $50,000)

Yes up to $250,000

Thumbnail icon for Westpac
Westpac

Life - 18-29 years old

1.85% p.a.(for $0 and over)

5.20% p.a. (for $0 to $30,000)

Yes up to $250,000

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MyState Bank

Bonus Saver Account

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

5.00% p.a. (for $0 to $250,000)

Yes up to $250,000

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First Option Bank

Kids Bonus Saver

0.05% p.a.(for $1 and over)

0.85% p.a. (for $5,556 and over)

Yes up to $250,000

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Auswide Bank

Ziggy Kids Saver

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

3.01% p.a. (for $0 and over)

Yes up to $250,000

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Scoot Super Saver

2.75% p.a.(for $0 to $50,000)

No Current Offer

Yes up to $250,000

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