iSaver Account
Up to
Variable rate
Why choose an iSaver account?
Tiered interest rate
The more money you save, the more interest you could earn.
Digital banking
Easily manage your money using the BCU Bank app and internet banking.
No ongoing fees
Every dollar you deposit helps you reach your savings goal.
No minimum balance
Grow your savings whatever stage you're at, with no minimum balance needed.
The features don't stop there
- Enjoy a tiered interest rate on your savings for amounts of $1,000 or more.
- Convenient and secure access to the BCU Bank app and internet banking, available 24/7.
- Transfer money on the go with the BCU Bank mobile app or internet banking. Payments made with PayID or using Osko are received in near real-time.
- Round up your purchases from your Access Account and save every time you spend with Pay&Save. Link your iSaver in the BCU Bank app to get started.
- Total deposits up to $250,000 are protected by the Financial Claims Scheme.
How much could you save?
Want to see how your money could grow? Discover your savings potential with our savings goal calculator.
Rates and fees
Interest rates
| Account balance | Interest rate | Interest calculated | Interest credited |
|---|---|---|---|
| Under $1,000 | 0.00% p.a. | Daily | End of month |
| $1,000 - $19,999.99 | 2.35% p.a. | Daily | End of month |
| $20,000 - $249,999.99 | 2.75% p.a. | Daily | End of month |
| $250,000 + | 2.80% p.a. | Daily | End of month |
| The basics | |
|---|---|
| Monthly fee | $0 |
| Minimum monthly balance | No |
| Everyday transactions | |
|---|---|
| Internet banking, phone banking, and mobile app transfers | Free |
| Direct debits and direct credits | Free |
| BPAY® | Free |
Other fees and charges may apply. See all fees and charges for transaction and savings accounts.
Open a savings account online in minutes
To open an account online, you'll need to be:
New customer
You can open an iSaver Account online in just a few minutes – no paperwork, no pressure, just a few steps and you’re sorted.
Existing customer
It's quick and easy to open a new account whenever it suits you using internet banking or the BCU Bank app.
Am I eligible to open an account?
To open an account online, you’ll need to:
- be at least 18 years old
- live in Australia with a current residential address
- be applying as an individual (not a business or association)
What do I need to open an account online?
All you need is a NSW or QLD driver licence or valid passport to verify your identity.
We also recommend having your tax file number (TFN) ready. If you earn more interest than the limit set by the ATO and you haven’t provided us with your TFN, withholding tax may be deducted from the interest you earn.
Already bank with us?
You can open a new account through internet banking or the BCU Bank app – no additional ID required.
Prefer to visit a branch?
Drop into one of our branches to open your account in person. If you don’t already bank with us, you’ll need your Australian driver licence or passport.
Don't have photo ID, are under 18, or not an Australian resident? We also accept alternative forms of identification.
Other ways to save with BCU Bank
Got a question about savings accounts?
If you’re new to BCU Bank you can easily open an account online in a matter of minutes.
You’ll need to:
- be at least 18 years old
- have a current Australian driver’s licence or Australian passport document
- have access to your mobile phone with a camera
You can open most of our everyday and savings accounts online, and from there you'll also be able to open a term deposit from internet banking or the mobile app.
If you already bank with us – great choice! You can open most deposit accounts in your name online by going to ‘Apply’ in internet banking or ‘Open account’ in the mobile app.
You can have up to five iSaver accounts in your name and five in joint names to help you meet your savings goals.
By setting up multiple savings accounts you can save for different goals, without the risk of dipping into the wrong account. Plus you can easily open them online in a matter of minutes.
Once you’ve opened your first account either online or at your local branch, you can open up more iSaver accounts in you own name in internet banking or the BCU Bank app.
If you would like to open multiple accounts in joint names you will need to call us on 1300 228 228.
We're pleased to provide our members with our budgeting app, mymo, that can help you track your savings progress.
mymo by BCU is your personal financial assistant, with all of your accounts across all your financial institutions in one place, and handy features aligned to make your money work for you.
With mymo, you can also set up savings goals, as well as track your progress towards your goal.
Because we're here to help
Talk to the team
Got a question? Call us on 1300 228 228, pop into your local branch, or chat to us online.
Get answers online
Check out our how-to guides, search our FAQs, and find support services.
Important information
Banking and Credit products issued by Police & Nurses Limited (BCU Bank).
Any information on this website is general in nature and does not consider your personal needs, objectives or financial situation. Our rates are current as of today and can change at any time. Credit eligibility criteria, terms and conditions, fees and charges apply.
Read the relevant product terms and conditions before deciding if a product is right for you.