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Wondering what to do with your tax refund? 

By putting it into a savings account, it’s easy to earn interest and let your balance do the work for you. And whether you’re saving for your next holiday, a deposit for a house or a safety net, you can choose an account that works best for you.

I want to give my savings a boost

Maxi Saver, for short-term savers

  • 1.00% p.a 3 month introductory
    rate for new customers1
  • Unlimited online access to your savings
  • Earn interest on every dollar when you maintain a positive balance.

Open now

I want to keep motivated to grow my savings

Stay on track with an Incentive Saver

  • Variable interest rate up to 1.00% p.a (includes a base rate of 0.15% p.a  and a bonus rate of up to 0.85% p.a)
  • Bonus interest for monthly balance growth of $50 each month2
  • Saving for something special? Name your account to suit your goal.

Open now

I want fixed interest and certainty on my savings

Term Deposit, for longer term security

  • 2.25% p.a. fixed rate for 23 months (for a limited time)3
  • Invest your money with the certainty of a fixed interest rate
  • Have interest paid monthly or in one lump sum at maturity.

Choose rate & term

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. New Maxi Saver customers will earn an introductory promotional fixed bonus rate of 0.95% p.a. on top of the standard variable interest rate. The promotional rate period is the first 3 months from the date the account is opened, and the offer is available to personal customers only.
2. 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).
3. Rate is available for new/renewed Term Deposits from $1,000 to $5,000,000 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. Any discretionary rates offered above may only be available through BankSA Internet or Mobile Banking.