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Wondering what to do with your tax refund this year? 

How about putting it into an Incentive Saver account and get closer to hitting your savings goals – whether it’s a home deposit, your next holiday or even putting some money aside for the unexpected.

Be rewarded for saving with an Incentive Saver

Earn bonus interest

You’ll get bonus interest every month your balance grows by $50 or more1

Setting a goal

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

1.00% p.a.

This rate is a combination of the bonus variable rate of 0.85% p.a.
and a base variable rate of 0.15% p.a.

These rates apply to all balances.

Dipping into your Savings too tempting?

Lock it away with a Term Deposit

  • 0.25% p.a. fixed rate for 12 months
  • Invest your money with the certainty of a fixed interest rate
  • Have interest paid monthly or in one lump sum at maturity
  • You can open a Term Deposit with as little as $1,000.


Make saving easier

Put your savings on auto-pilot by setting up regular deposits into your savings account. Think about aligning the dates with your pay cycle to make things easier. 

Savings comparison

Compare the rates, features and fees of different savings accounts.

Saving for a goal?

Setting up a savings plan to help you reach your goals can be easier than you think. We’ve got some ideas to help you get motivated and stay on track.

Important information

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.
1. To be eligible for bonus interest, make a deposit to grow your account balance by at least $50 each month (or any amount if all account holders are under 21).
2. Rate is available for new/renewed Term Deposits from $1000 to less than $2000000 for existing BankSA personal customers only. Not available for business, corporate, institutional or government customers. Rate applies for a single term. Higher or lower rates may apply for subsequent terms. Rate is not available in conjunction with any bonus interest or other special rates offered on BankSA Term Deposits. You must provide a minimum of 31 days’ notice to access funds prior to maturity (except in cases of hardship). If the deposit or any part of it is withdrawn early, an interest rate adjustment will normally apply. BankSA  Private customers may need to contact their Relationship Manager to obtain this rate.