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Bonus Saver

Bonus interest 0.50 % p.a.
Calculated daily, paid monthly

We think saving should be simple, so our Bonus Saver rewards you for your good saving habits. Just make at least one deposit in a calendar month, and no withdrawals to be rewarded with bonus interest. Too easy.

Why choose our Bonus Saver?

Earn bonus interest on your savings by making at least one deposit and no withdrawals in a calendar month.
No monthly account-keeping fees or transaction fees.^
Option to link your Bonus Saver to an Everyday account.
Manage your money 24/7 – access your money whenever you need to, wherever you are via Online Banking or our Mobile App.
Osko® and PayID™ – set up your PayID to send and receive payments in seconds thanks to Osko by BPAY.
Can be opened as a single or joint account.

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Rates are effective as at 9am Monday 10/05/2021

Bonus Saver Interest rates

Bonus Saver $0.00+
Variable 0.50% p.a.

Fees

Monthly account-keeping fee $0

The above are a selection of our fees only. Additional Fees and Charges may apply. For further information please view the Bonus Saver Product Schedule below.

PDF
Current Bonus Saver Product Schedule 185kB

Who can open a Bonus Saver account?

Our Bonus Saver account can be opened by any individual in Australia, with a valid Australian residential address.

Plan your savings goal with help from our calculators

Savings and Deposit Calculator

Budget Planner

Income Tax Calculator

Got a question about our Bonus Saver?

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 10 days from the date of maturity to add or remove funds. After this time, the term will reinvest. If you need to take money out or close the term outside this 10 day period, the interest we pay will be significantly reduced. 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 or Cash Management Account, 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.

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 PDF below.

PDF
Current Bonus Saver Product Schedule 185kB

PDF
Current Cash Management Product Schedule 192kB

PDF
Current Life Saver Product Schedule 193kB

PDF
Current Term Deposit Product Schedule 165kB
 

PDF
Current Term Deposit - Monthly Income Product Schedule 347kB

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 or within the next 10 days for any Term Deposit accounts. Any payments made to a Term Deposit outside this time will be rejected.

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.

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Call us Monday to Friday 8:00am – 5:30pm and Saturdays 8:00am – 1:00pm AEST.

1300 651 400

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

We calculate interest by applying the daily percentage rate to your account balance. We pay interest on the last day of each month if at least one deposit and no withdrawals have been made in the calendar month. No Interest applies if no deposits and/or any number of withdrawals have been made during the month. Please read the Bonus Saver Account Product Schedule and the Banking General Terms and Conditions for full terms, conditions, fees and charges.

PayID is a trademark of NPP Australia Limited. ® Registered to BPAY Pty Ltd ABN 69 079 137 518. You should review the terms and conditions and consider whether the Osko and Pay ID service is appropriate for your personal circumstances.