Savings Accounts

Incentive Saver

Focussed. Disciplined. Rewarding.

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Online offer for new customers

4.75 % P.A.

Total variable rate with online offer

Earn up to 4.75% p.a. with a variable base rate of 0.40% p.a., a variable bonus* rate of 4.25% p.a., and an extra 0.10% p.a. to your variable bonus rate for the first 3 months when you open online. New customers only on balances remaining below $250,000. After 3 months the total variable rate will apply.

*Grow your account balance by at least $50 a month (for customers 21 or over) or $0.01 a month (for customers under 21), excluding interest paid, ensuring your account balance remains between $0 - $249,999.99.

Online bonus offer available for a limited time only. Excludes joint accounts. Offer may be varied or withdrawn at any time.

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Are you under 18? Get a $50 kickstart


With an Incentive Saver savings account and a Complete Freedom transaction account. Ends 30/09/2025. New customers only. T&Cs apply.

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Set a goal and stay on track with bonus interest

Bonus interest*
Enjoy a variable savings rate of up to 4.65% p.a.* when you grow your account balance by $50 each month* and your account balance does not fall below $0.  
Personalise your account
Saving for something special? Name your account to suit your goal
Strong base rate
Earn a competitive base rate even when you don’t grow your balance

*Grow your account by at least $50 a month (for customers 21 or over) or $0.01 a month (for customers under 21), excluding interest, and your account balance does not fall below $0. Bonus interest rate may differ depending on account balance.

See more details below.

Standard rates

  • 4.65% p.a. Total variable rate, combining a variable base rate of 0.40% p.a. and a variable bonus* rate of 4.25% p.a. for account balances remaining below $250,000. Check rates here. 
  • 4.50% p.a. Total variable rate, combining a variable base rate of 0.40% p.a. and a variable bonus* rate of 4.10% p.a. for account balances of $250,000+. Check rates here.
  • 0.40% p.a. Variable base rate on your balance, for those months when your balance does not grow*. Check rates here.

Go online for an extra 0.10% added to your variable bonus rate 

An additional 0.10% p.a. online bonus rate will be added to your variable bonus rate for the first 3 months when you open the account online. Offer available from 30/05/2025 for a limited time only. New Incentive Saver customers only.

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Fees and charges

  • $0.00 Account-Keeping Fee
  • $0.00 Staff assisted (branch and telephone)

Please read the Terms and Conditions for the full fee schedule.

Calculate what you could earn on your savings

Estimate how much you’ll need to put away each month for the things you want, from your starting balance to how long it may take you to reach your goal.


Go to Savings Calculator

Features

Automatic transfers
Help yourself get the total reward rate by setting up a monthly deposit in online banking.
Uncapped saving
Interest is calculated on the total balance of your Incentive Saver with no limit on deposit amounts.
Government guarantee
The Financial Claims Scheme guarantees deposits to a cap of $250,000 per account-holder.
Quick Balance
Know exactly how much money you have on hand, at a glance at your smartphone or watch.

In detail

Before making a decision about any of our products or services, please read all the terms and conditions and consider whether the product or service is right for you. Fees and charges apply and may change.
T&Cs and Fees
Interest rates

How to open an account

1.
Read both the terms and conditions, and fees above
2.
Give yourself a few minutes
3.
Have your contact details handy
4.
Have your Tax File Number (TFN) ready
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