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Bonus Saver - High interest savings account

Bonus Saver

Bonus interest 4.00 % 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?

Bonus interest

Earn bonus interest on your savings by making at least one deposit and no withdrawals in a calendar month.

More for you

No monthly account-keeping fees or transaction fees.^

Linked to your everyday banking

Link your Bonus Saver to a Greater Bank everyday account of your choice

Manage your money 24/7

Access your money whenever you need to, wherever you are via Online Banking or our App.

Banking to suit you

Can be opened as a single or joint account.


Rates are effective as at 9am Saturday 22/06/2024

Bonus Saver Interest rates

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


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.

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.

Compare all savings accounts Compare all savings accounts


How do I open a Bonus Saver account?

Join Greater Bank

Become a Greater Bank customer in minutes by completing our online form and validating your identity.

Get started

Access online banking

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.

You're all set

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

Log in

Log into our app or online banking.

Log in

Confirm your details

Double-check all your details are correct.

Open your account

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

What you'll need to open a Bonus Saver

To open a Bonus Saver, you must be an Australian citizen or permanent resident over the age of 18, and have an Australian address;
In order to verify your identity, you'll need any two of; your current Australian driver's 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.

Link to my Everyday Account

You can easily link your Bonus Saver to your Greater Bank Everyday Account through Online Banking. If you're already registered, you can log in here and check out your accounts. 


Got a question about our Bonus Saver?

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

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.

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

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.

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.

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.

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 

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.

Pay ID™ is a trademark of NPP Australia Limited ABN 68 601 428 737. Osko by BPAY® and BPAY® are registered to BPAY Pty Ltd ABN 69 079 137 518. You should review the relevant payment facility terms and conditions available on our website before deciding whether a service is appropriate for your personal circumstances.