The Student Money Saver account actively rewards our youngest Members with a bonus interest rate achieved by depositing at least $5 per calendar month, with no more than one withdrawal in the same month.
- One free transaction per month*
- No monthly account service fee
- Bonus interest rate
- To help you save, funds can only be withdrawn by transferring to another account or visiting a branch
- 24/7 internet and phone banking access#
- Mobile banking app#
Rates & Fees
|Base interest rate||0.01Interest rate|
|Bonus interest rate||0.59Interest rate|
|Total interest (all conditions met)||0.60Interest rate||
To achieve the bonus rate of interest you must deposit at least $5 in a calendar month and make no more than one withdrawal in the same month. Interest is calculated daily and paid monthly; based on the daily closing balance at the applicable interest rate. Effective Friday 29 January 2021
|Transaction fees||Fees may apply. Please read our Fees and Charges brochure to learn more.|
The fine print
*Refer to our Fees and Charges brochure for information on transactions which do not incur a fee, and information on transactions which may attract fees and charges.
Any person under 13 years of age requires a parent or guardian to open the account as an authorised person. The Student Money Saver account must be opened in the child’s name. Whilst transactions should generally be performed online, if transactions do occur in branch they will require the signature of the authorised parent/s or guardian/s.
#Internet banking and mobile app access for Members under the age of 13 is restricted to view only. Authorsed parents and/or guardians are permitted full access.
Please be aware that interest rates may change at any time without agreement. All interest rates quoted are per annum. Fees and charges are payable. Before acquiring this product, the information above should be read in conjunction with the following documents to determine if this product is right for you: Personal Savings and Transaction Accounts brochure; Account and Access Facility Conditions of Use; Financial Services Guide and Deposit Interest Rate Schedule.