Take charge of your money on payday with two linked accounts to help you budget
Savings & Transaction offers
5.15 % P.A.
Total
variable rate
Earn up to 5.15% p.a. with a variable base rate of 0.10% p.a., and a variable bonus* rate of 5.05% p.a. on an Incentive Saver account.
T&Cs apply#
$50
cashback on
your new account
Open a new Complete Freedom account with an eligible savings account by 30 September 2026.
Spend $50 or more within 15 days, and we’ll drop $50 straight into your savings.
T&Cs apply.^
What you get
Visa debit card
Access your everyday account wherever Visa is accepted1
Internet banking
Manage your money online wherever you are, whatever you're doing
Automatic transfers
Set up monthly deposits from your everyday account into your savings account via online banking
Spend tracker
All your transactions grouped into categories, to help your track your spending habits
Card Lock
Misplaced your Visa debit card? Temporarily lock your card for up to 15 days while you look for it
Fees you might pay
Complete Freedom
-
$0.00 Account-keeping fee
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$5.00 Overseas withdrawal fee ($0 when you use our Global Alliance ATM )
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3.0% Foreign currency conversion
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Free Periodical payment
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$0.00 Frequent statement (request statement outside of cycle)
Incentive Saver
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Free Account-keeping fee
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$5.00 Overseas withdrawal fee ($0 when you use our Global Alliance ATM )
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3.0% Foreign currency conversion fee for transactions made in foreign currency, and the merchant or financial institution accepting the card is located outside Australia
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Free Periodical payment
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Free Frequent statement (request statement outside of cycle)
In detail
How to open accounts with us
Download our app
1. To be eligible for a Visa Debit Card, you must have an Australian residential address and be 14 years old or over.
# Incentive Saver offer: 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.
This promotion runs from 9 June 2026 to 30 September 2026.
To be eligible you must:
- 18+ and have not held any transaction account or savings accounts with BankSA in the last 2 years from the date the last transaction or savings account closure.
- Open a new Complete Freedom account AND, either a Incentive Saver OR Maxi Saver. Accounts must be in the same name, activated and ready to use.
- Make eligible purchases totalling at least $50 using the debit card linked to your account within 15 calendar days of the first account being opened. Transaction(s) must be processed (not pending) by the end of the 15th day.
- Transaction(s) must be customer-initiated and does not include interest payments, direct debits or internal transfers between your BankSA accounts.
- Keep the account open for a minimum of 60 days after you meet all other eligibility criteria.
- Hold the accounts in one name only. These accounts cannot be joint accounts.
If you meet the above:
- You're eligible for a one-time $50 payment.
- The $50 payment will be made to your Incentive Saver OR Maxi Saver account within 60 days of you meeting all Terms and Conditions and eligibility criteria.
- If you open more than one Incentive Saver or Maxi Saver account, the $50 payment will only be made once into the first savings account opened and activated.
- This promotion may be varied or withdrawn at any time. It is not available in conjunction with any other offer unless otherwise stated.Apple, the Apple logo and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries. Apple Watch is a trademark of Apple Inc. App Store is a service mark of Apple Inc. Android is a trademark of Google Inc.