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 and add to your savings every time you spend with Pay&Save. Link your BCU Access Account to your iSaver using the mobile 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 | 2.85% p.a. | Daily | End of month |
| $20,000 - $249,999.99 | 3.25% p.a. | Daily | End of month |
| $250,000 + | 3.30% p.a. | N/A | N/A |
| 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.
Other ways to save with BCU Bank
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.
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.
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.
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.