Because you're saving up
Up to
Variable rate
Why choose a Bonus Saver?
Earn bonus interest
Maximise your savings with bonus interest paid for the first four months.
Access your money
You'll still earn interest, even if you move money in and out of your savings account.
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.
Watch your savings shine
Saving up can feel like a grind, but it doesn’t have to be. With the BCU Bonus Saver, you’ll hit those savings goals faster than you think. Stash your cash, score a 5.00% p.a. introductory interest rate, and watch your balance climb. Because you’re saving up for something big, we make it as simple as that.
How the bonus interest works
All you need to do is open a Bonus Saver account and transfer over your savings. Then you can put your feet up, let your money do the work, and earn bonus interest for the first four months. Easy as.
Open an account
Get started by opening a Bonus Saver account and depositing your savings.
Earn bonus interest
Your money starts working for you immediately, earning bonus interest for the first four months.
Watch your savings grow
It's a low effort, high reward way to build up your savings!
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
| Rate type | Interest rate | Interest calculated | Interest credited |
|---|---|---|---|
| Standard rate | 1.00% p.a. | Daily | End of month |
| Bonus rate* | 4.00% p.a. | Daily | End of month |
| Standard + bonus rate | 5.00% 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.
Ready to open a savings account?
Existing customers
Already a BCU Bank customer? You have good taste. To open an account, just log in to internet banking or the BCU Bank app, and go to ‘Open account’ in the main menu.
New customers
If you’re over 18 years of age, you can open your account online in minutes. It’s quick and easy and you’ll soon be enjoying all the benefits of being a BCU Bank customer.
Open your account in person at a branch
We’d love to see you in person. Visit your nearest BCU Bank branch to open an account.
New customers
To open your account online you will need to be:
- over 18 years of age.
- an individual (not a business or association).
- an Australian resident with a current Australian residential address.
And you’ll need to provide two of the following:
- a valid Australian driver licence
- an Australian passport
- a Medicare card (green)
Handy hint: Have your tax file number (TFN) ready. If you earn more interest than the limit set by the ATO, you’ll need to pay tax. To avoid this, provide your tax file number when applying.
Open your account in person at a branch
If you don’t already bank with us, you’ll need to bring your Australian driver licence or a valid Australian passport for ID.
Alternative identification documents are available for anyone who:
- is under 18 years of age.
- is a non-resident.
- doesn't have an Australian photo identity document.
Existing customers
Already a BCU Bank customer? You have good taste. To open an account, just log in to internet banking or the BCU Bank app, and go to ‘Open account’ in the main menu.
New customers
If you’re over 18 years of age, you can open your account online in minutes. It’s quick and easy and you’ll soon be enjoying all the benefits of being a BCU Bank customer.
Open your account in person at a branch
We’d love to see you in person. Visit your nearest BCU Bank branch to open an account.
New customers
To open your account online you will need to be:
- over 18 years of age.
- an individual (not a business or association).
- an Australian resident with a current Australian residential address.
And you’ll need to provide two of the following:
- a valid Australian driver licence
- an Australian passport
- a Medicare card (green)
Handy hint: Have your tax file number (TFN) ready. If you earn more interest than the limit set by the ATO, you’ll need to pay tax. To avoid this, provide your tax file number when applying.
Open your account in person at a branch
If you don’t already bank with us, you’ll need to bring your Australian driver licence or a valid Australian passport for ID.
Alternative identification documents are available for anyone who:
- is under 18 years of age.
- is a non-resident.
- doesn't have an Australian photo identity document.
Continue exploring BCU Bank
About BCU Bank
With BCU Bank, you get more than just banking – we’re all about helping you manage your money and giving back to the community.
Committed to our communities
Over the past five decades we’ve helped countless charities, organisations, and sporting groups give back to their communities.
Keep your money secure
We know putting your money into a fixed-term investment can feel like a big decision. But with our term deposits, rest assured your savings are safe.
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.
Find your local branch
You’ll find us from Maroochydore to Port Macquarie – drop in and say hi!
Get answers online
Check out our how-to guides, search our FAQs, and find support services.
Got a question about savings accounts?
You can open an everyday banking, savings, or term deposit account online in a matter of minutes – even if you're not a BCU Bank customer.
If you're a new customer you’ll need to be at least 18 years old and have two forms of ID to open your account online.
To open a term deposit, you'll need to first open a fee-free Access Account (or a savings account) and transfer your money in. Once your funds have been received, you can log in to internet banking or the BCU Bank app and open your term deposit.
If you already bank with BCU it's even easier. You can open most deposit accounts online by going to ‘Apply’ in internet banking or ‘Open account’ in the BCU Bank app.
When the 4 month bonus interest term of your Bonus Saver Account ends, you will continue to earn interest at the standard variable rate.
You can open a new savings account online at any time in internet banking or via the BCU Bank app.
You can hold one Bonus Saver account in your name and one in joint names.
If you choose to close your account, you’ll be eligible to open another Bonus Saver account in 12 months' time, when you can again sign up to earn that very competitive bonus interest.
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.
A member may hold a maximum of one Bonus Saver as a single account owner and one Bonus Saver as a joint account owner.
*The Bonus Saver bonus interest rate applies for the first four months on daily closing balances from account opening date. At the end of the bonus period the standard ongoing variable interest rate at that time will apply.