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Make your money work harder for you

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.


Tiered interest

Tiered interest rate

The more money you save, the more interest you earn


No monthly fee

Save with no ongoing fees

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Free ATM withdrawals

Available at all bcu and major bank ATMs

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Digital wallets

Tap and pay with your mobile phone

Advantage Saver interest rates

bcu advantage saver
$0 - $1,999.990.00% p.a.
$2,000 - $47,999.990.50% p.a.
$48,000 - plus0.80% p.a.

All the details

Account eligibility

Are aged 18+ and currently receive one of the following pensions:

  • Age Pension
  • Department of Veterans Affairs' Pension
  • Disability Pension
  • Carer Pension

OR are a self-funded retiree aged 55+

Other products required None
Minimum balance $0.00
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:
  • Avoid unnecessary fees and charges by keeping up to date on your balance.
  • Set up alerts for credits, direct debits and due payments.
DescriptionFeeNumber 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:

  • be over 18 years of age
  • be an individual
  • be an Australian resident with a current Australian residential address, and;
  • provide two of the following - a valid Australian driver's licence; an Australian passport; a Medicare card.

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 Account & Account Access Channels Terms and Conditions
    Download Savings and Transaction Account Interest Rate Schedule
    Download Schedule of Access, Fees and Charges