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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 at a good rate of interest, which is guaranteed not to change.
Interest rate 4.50 % p.a.
Calculated daily, paid monthly
Bonus interest 3.75 % p.a.
Calculated daily, paid monthly
Interest rate 4.65 % p.a.
6 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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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, Life Saver and Cash Management Account interest rates – click here.
  • For Term Deposit interest rates – click here.

You can view the full range of fees and charges applying to our Bonus Saver, Life Saver, Term Deposits, Term Deposits (monthly income) and Cash Management 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.

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 (Deep link Button)

  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.

T&Cs, fees, charges and eligibility criteria apply.

Anyone is able to open a Life Saver youth savings account on behalf of a child or grandchild. Right now, this process can only be completed in your nearest branch.

If you intend to act as a signatory on the account for the child, we’ll need you to bring along some forms of identification for yourself, such as your driver’s licence, as well as identification for the child. We will need physical copies of your proof of identification - we are not currently able to accept digital versions of your identification.

If the child is also going to be signing on the account, they will need to come along to the branch with you and be able to sign to accept the Terms and Conditions.

If you don’t intend to act as a signatory, we’ll just need you to identification for the child you intend to open an account for, such as their birth certificate or passport. The child will need to be with you to sign and get the account up and running.

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.

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

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.
More FAQs More FAQs

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

^ Other fees and charges may apply. Refer to the relevant Product Schedule for further information.

~ Greater Bank and Newcastle Permanent are both parts of Newcastle Greater Mutual Group Ltd, a single ADI. Therefore, a single $250,000 limit will apply to the aggregate balance of any eligible accounts held with Greater Bank and Newcastle Permanent.

Any advice is general and does not take into account your objectives, financial situation or needs. You should consider whether the product is suitable for you and your personal circumstances.

Greater Bank, part of Newcastle Greater Mutual Group Ltd ACN 087 651 992, Australian Financial Services Licence/Australian credit licence 238273 

Before considering one of our products, you should view our full range of Term Deposit Interest Rates and Savings Account Interest Rates, as well as the Product Schedules for our Bonus Saver, Term Deposits, Term Deposits (Monthly Interest), Life Saver and Cash Management Account.