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Bonus Saver

Bonus interest 0.75 % 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.

Term Deposits

Interest rate 2.30 % p.a.
12 months - $5,000-$49,999.99 - Interest on Maturity
Saving on your terms. Choose a duration that suits you and lock a portion of your savings away to earn a higher rate of interest. Great if you’re saving for that long term goal like a new home, holiday, a car, helping out your kids or planning for retirement.
Rates are effective as at 9am Tuesday 28/06/2022

Bonus Saver Interest rates

Bonus Saver $0.00+
Variable 0.75% 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.

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, 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.

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.

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.