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Savings accounts designed for:

     

Compare our Savings Accounts

Compare 3 products
Life Saver
For those under 25 who want a bit of flexibility, we made it simple for you.
Bonus Saver
For general or targeted savings, Bonus Saver rewards you for your good saving habits.
Featured rate
Term Deposits
Set and forget. Invest a fixed amount of money and lock in a competitive interest rate at a term that suits you – from one month to five years.
Interest rate 5.25 % p.a.
When you grow your balance each month~
Bonus interest 4.00 % p.a.
Calculated daily, paid monthlyᴥ
Interest rate 5.35 % p.a.
12 months - $5,000 and over - Interest on maturity
Key Features
Just make at least one deposit and grow your balance each month, it's that easy.
Key Features
Make at least one deposit and no withdrawals in a month and you earn interest on the entire balance.
Key Features
Eliminate any temptation. Great for those long term savings goals of a home, holiday or retirement.

Variable interest rate

Interest calculated daily, paid monthly.

No monthly fees

Can be linked to an Everyday Account.

Joint account available.

No transaction fees

25th birthday? Don't panic, you can retain this account for life.

Variable interest rate

Interest calculated daily, paid monthly.

No monthly fees

Can be linked to an Everyday Account

Joint account available

No transaction fees

Fixed interest rate

Interest calculated daily, paid monthly, 6-monthly, or at maturity (subject to term)

No monthly fees

Can be linked to an Everyday Account

Joint account available

No transaction fees

Deposits up to $250,000 per account holder per authorised deposit-taking institution (ADI)~ are guaranteed under the Australian Government’s Financial Claims Scheme.

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Plan your savings goal with help from our calculators

Savings and Deposit Calculator

Budget Planner

Income Tax Calculator

Got a question about our Savings Accounts?

You’re able to view the current interest rates for Greater Bank savings accounts by following the links below.

  • For Bonus Saver and Life Saver account interest rates – click here.
  • For Term Deposit interest rates – click here.

Account terms, conditions, fees and charges apply.

You can view the full range of fees and charges applying to our Bonus Saver, Life Saver, Term Deposits and Term Deposits (monthly income) Accounts in the relevant Product Schedule PDFs on our Disclosure Documents page below. 

View Disclosure Documents

While the amount that you choose to save is up to you, a good guide is to get to know how your chosen account works, and plan your savings activity around making sure you meet the periodical account requirements in order to earn interest. For example, our Bonus Saver rewards you with interest when you make at least one deposit and no withdrawals in a calendar month.

Another good way to know how much you need to save is to work towards a savings goal. If you’re saving for something big, you’re more likely to be motivated to stick to a savings plan. Luckily, you’re able to plot and track your savings goal using our handy Savings Goal Calculator – get started now!

And if you simply want to know how much money out of your pay packet you’ll have leftover for saving, you’re able to track this using our Budget Calculator – try it now to see where you stand.

Account terms, conditions, fees and charges apply.

Opening an account with us is easy and can be done in one of three ways.

If you already bank with us:

  1. Log into our app or online banking

  2. Select the account type you’d like to open via the Products and Offers section and double-check all your personal details are correct

  3. That’s it. Your account is ready to use! Too easy.

If you don’t bank with us yet:

  1. Become a Greater Bank customer in minutes by completing one of our Savings Account online forms and validating your identity

  2. We’ll send you an email and SMS with temporary access details to online banking. Simply log in and complete your account opening within the app or online banking

  3. That’s it. Your account is ready to use! Don’t forget to download our app so you can manage your money anywhere, anytime.

Account terms, conditions, fees and charges apply.

Any parent, guardian or adult (18+) – whether that’s a grandparent, relative or family friend – can open a Life Saver on behalf of a child. Right now, this process can only be completed in your nearest branch.

If you intend to act as a benefactor on the account for the child, we’ll need you to bring along ID for both you and the child. We will need you to bring physical copies as we are not currently able to accept digital versions of your identification.

If you don’t intend to act as a benefactor, you will just need to provide your child’s ID. Your child will also need to be with you as they will need to be able to understand and accept the Terms and Conditions and be able to sign for themselves.

If you don’t have a drivers licence or the child is unable to locate their birth certificate, we still may be able to help. Check out our FAQs for more identification options.

If you’re still unsure or would like further clarification before opening an account on behalf of a child, you can give us a call on 13 13 86.

Account terms, conditions, fees and charges apply.

The way interest is paid on your Greater Bank savings account depends on the type of account you choose.

To find out how interest is paid on your account, please take the time to review the relevant Product Schedule, available via the link below:

View our Product Schedules

Account terms, conditions, fees and charges apply.

Checking your balance is easy and convenient for Greater Bank savings accounts, and can be done in a number of ways:

  • If you’re using our mobile app, you can set your savings account up so that it’s one of the balances displayed using Quick Balance. By swiping right on our app login screen, you’ll be able to see your balance at a glance.
  • If you’re registered for and using online banking, you can login at any time and view your current account balance on the accounts home screen.
  • During business hours, you’re able to ask for your account balance in any Greater Bank branch, or by giving us a call on 13 13 86.

Can't quite find what you're after?

Got a question?

Maybe you’re not alone. Our FAQs answer some of the more common banking questions we get asked.

Frequently asked questions

Drop into a branch

Our friendly staff are happy to help with all your banking needs. Find a location near you across NSW and South East QLD.

Find a branch

Get in touch

Call us Monday to Friday 8:00am – 6:00pm and Saturdays 8:00am – 1:00pm AEST.

Call 13 13 86

Rates are effective as at 9am Tuesday 09/06/2026 and are subject to change without prior notice.

Account terms, conditions, fees and charges apply.

~Must be under 25 to open. To qualify for interest, your closing balance must be higher than the opening balance (excluding any interest earned) for the calendar month.

To qualify for interest, you must make at least one deposit (excluding any interest earned) and no withdrawals during the calendar month.