Advantage Saver Account
A combined access & savings bank account for self-funded retirees and people receiving an eligible pension. Open your new account online in minutes and access your instant Visa Debit card.
Benefits
Tiered interest rate
The more money you save, the more interest you earn
No monthly fee
Save with no ongoing fees
Free ATM withdrawals
Available at all bcu and major bank ATMs
Digital wallets
Tap and pay with your mobile phone
Advantage Saver interest rates
| bcu advantage saver | |
|---|---|
| $0 - $1,999.99 | 0.00% p.a. |
| $2,000 - $47,999.99 | 0.50% p.a. |
| $48,000 - plus | 0.80% p.a. |
All the details
| Description | Requirement |
|---|---|
| Account eligibility |
Are aged 18+ and currently receive one of the following pensions:
OR are a self-funded retiree aged 55+ |
| Other products required | None |
| Minimum balance | $0.00 |
| Feature | Description | Available |
|---|---|---|
| Visa Debit card | Easy access to your money online, over the phone and anywhere in the world where Visa is accepted. | Yes |
| BPAY | Pay your bills easily and securely. | Yes |
| Direct debit | Set and forget automatic payment of your regular bills. | Yes |
| Osko | Send and receive money in near real time between participating banks. | Yes |
| Digital wallets | Tap and pay with your mobile phone using Apple Pay, Google Pay or Samsung Pay. | Yes |
| Cheque book | For members who prefer to make payments via cheque. | Available on request |
| Bank@Post | Deposit and withdraw cash at Australia Post if you can't get to a bcu branch. | Yes |
| In-branch banking | Face to face service with a smile. | Yes |
| Internet banking | Convenient and secure access through bcu iBank is available 24/7. | Yes |
| Mobile app | Manage your money on the go with the bcu Connect App straight from your phone. | Yes |
| Card controls | Temporarily lock your card or block certain transactions such as overseas purchases or Visa payWave. | Yes |
| bcu alerts | Stay on top of your banking with alerts:
|
Yes |
| Description | Fee | Number of free transactions |
|---|---|---|
| Staff assisted withdrawal / deposit / transfers / future payment | $0.00 | Unlimited |
| Staff assist BPAY / bill payment services | $0.00 | Unlimited |
| EFTPOS transactions | $0.00 | Unlimited |
| Cheques drawn against your bcu account | $0.00 | Unlimited |
| Direct debit | $0.00 | Unlimited |
| Internet banking - BPAY / external transfer | $0.00 | Unlimited |
| bcu or major bank ATM withdrawal | $0.00 | Unlimited |
| Bank@Post deposit / declined deposit | $2.50 | 2 |
| Bank@Post withdrawal / declined withdrawal | $2.50 | 0 |
| Monthly fee | $0.00 | N/A |
View all fees and charges relating to Access and Savings accounts
| Interest calculated | Daily |
| Tiered interest rates | Yes |
| Bonus interest | No |
| Interest payment frequency | Monthly |
| Savings and Transaction Account Interest Rate Schedule |
|
Apply online If you’re over 18 years of age you can open your Advantage Saver account online in minutes. New members To apply for an account online you must:
Existing members You can open your new account in bcu iBank or via the bcu Connect App. |
|
Apply at a bcu branch Open your new account by visiting your nearest bcu branch. You must be 12 years of age or older. If you’re joining as a brand new member, you need your Australian driver's licence or a valid passport. You can also use one form of primary ID without your photo (eg. your birth certificate or citizenship papers) with one form of secondary ID (eg. your most recent power bill). Original and certified copies of documents are accepted. |
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Important information
Download Savings and Transaction Account Interest Rate Schedule
Download Schedule of Access, Fees and Charges