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Bonus Saver - High interest savings account

Bonus Saver

Bonus interest 4.00 % p.a.
Calculated daily, paid monthly∞

Get rewarded for your good saving habits. Make at least one deposit and no withdrawals in a calendar month to be rewarded with bonus interest. It’s too easy.

Why choose our Bonus Saver?

Make at least one deposit and no withdrawals in a calendar month to earn bonus interest on your savings.∞
No monthly account-keeping fees or transaction fees.
Funds from your Bonus Saver can only be transferred to your nominated everyday account with us, helping keep your money safe.
Securely manage your savings 24/7 via our app or online banking.

Interest rates and fees

Rates are effective as at 9am Tuesday 14/07/2026 and are subject to change without prior notice.

Bonus Saver account interest rates∞

Bonus Saver account $0.00+
Variable 4.00% p.a.

Fees

Monthly account-keeping fee $0

Other fees and charges apply for certain services or special transactions you request. See the product Terms and Conditions for account terms, conditions, fees and charges.

Compare all savings accounts Compare all savings accounts

 

How do I open a Bonus Saver?

I don't bank with Greater Bank

Become a Greater Bank customer in minutes
Click the button below to complete our online form and validate your identity.

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

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

I already bank with Greater Bank

Log in
Using our app or online banking.

Check your personal details
Double-check all your details are correct and up to date.

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

What you'll need to open a Bonus Saver online

To open a Bonus Saver, you will need an existing Greater Bank everyday account (Access or Retirement Plus) held in the same name;
You must be an Australian citizen or permanent resident over the age of 18, and have a NSW or QLD address;
In order to verify your identity, you'll need any two of; your current Australian driver licence, Medicare, or passport details;
Your Tax File Number (TFN) is optional, but if you don't provide it we may have to collect Withholding Tax on the interest you earn. You can always add your TFN later by calling our contact centre at 13 13 86.

Track your savings goals

Calculator disclaimer

This calculator should be used as an indication only. Results provided are estimates for illustrative purposes and based on the information provided and assumptions that are subject to change. Results should not be relied on or construed as financial or other advice.

As this information has been prepared without considering your objectives, financial situation or needs, you should consider its appropriateness to your circumstances before acting on it. You should obtain financial and taxation advice from a suitably qualified and experienced professional adviser before making a financial decision.

Calculator by Widget Works.

 

Got a question about our Bonus Saver?

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.

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

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.

Of course. You can have deposits made directly into any Greater Bank savings account. You can do this in a number of ways:

  • You can have real-time payments made directly into your account using Osko® by BPAY®. You can also assign a PayID® to your savings account to make the process even easier.
  • You can also have deposits made directly into your account using your BSB and account number. (Greater Bank’s BSB number is 637 000)

It is important to note that a deposit can only be made on the maturity date plus the following 7 days for any Term Deposit accounts. Any payments made to a Term Deposit outside this time will be rejected.

®Osko and BPAY are registered to BPAY Pty Ltd ABN 69 079 137 518.

PayID and PayTo are registered trademarks of NPP Australia Limited.

Depending on the type of savings account you’ve opened, the way in which you’ll be able to transfer funds out of your account may differ.

  • If you have opened a Term Deposit, you will have the maturity date plus the following 7 days to add or remove funds. After this time, the term will reinvest. If you need to access your funds outside this 7 day period, you’ll need to give us 31 days’ notice, and an interest rate adjustment will apply*. You will need to contact us to arrange this.
  • If you’ve opened a Bonus Saver Account, you’ll need to transfer funds out to a linked everyday account before you can then transfer it elsewhere.
  • If you’ve opened a Life Saver, you are able to freely transfer funds out of your account at any time.

Just be aware that by transferring funds out of your savings account, you may be at risk of failure to meet the account conditions in order to earn interest in a given month.

*31 day notice period applies to early withdrawals from Term Deposits opened or last renewed on or after 23 February 2026. Term Deposits opened or last renewed before this date are not subject to a notice period. An Interest rate reduction also applies to early withdrawals.

The easiest way to access your statement is through our app or online banking.

App

  • Go to Manage > Accounts > Statements

Online banking

  • Log on to online banking and click on ‘Manage’ on the left of screen if accessing online banking via a desktop/browser and navigating down to Accounts and select ‘Statements’. 

Next, select the required account and then select the year you are wanting the statement from.

Then, click ‘view’ on the right of screen next to the required statement to access a PDF version. You can now save or print this file for use.

You can also view Financial Year Interest information by selecting the required account from the home screen and then selecting ‘Details’.

Alternatively, you can call 13 13 86 and request a statement be mailed to you at any time (a fee may apply).

Looking for an interim statement? See how to access one here.

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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 14/07/2026 and are subject to change without prior notice.

Account terms, conditions, fees and charges apply.

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