No ongoing fees
Peace of mind
Access your money
Digital banking
Choose from our range of savings accounts
Boss Saver
Be rewarded and earn bonus interest on your savings each month when you meet the eligibility criteria.
Up to
Standard + bonus variable rate
- No monthly fees
- No minimum balance required
- Ability to earn bonus interest*
- Introductory interest rate
- Pay&Save round-ups to help you grow your savings
- Access your money without losing interest
Bonus Saver
Give your savings a lift and earn bonus interest for the first four months.
Up to
Variable rate for the first 4 months
- No monthly fees
- No minimum balance required
- Ability to earn bonus interest
-
Introductory interest rate*
- Pay&Save round-ups to help you grow your savings
- Access your money without losing interest
Power Saver
Top up your balance, skip the withdrawals – and get rewarded with bonus interest.
Up to
Standard + bonus variable rate
- No monthly fees
- No minimum balance required
- Ability to earn bonus interest*
- Introductory interest rate
- Pay&Save round-ups to help you grow your savings
- Access your money without losing interest
*Conditions apply. Please refer to the product pages for more information.
Open a bank account online in minutes
To open an account online, you'll need to be:
New customer
Existing customer
Already bank with us?
You can open a new account through the BCU Bank app or internet banking – no additional ID required.
Open an account online
To open an account online, you’ll need to:
- Be at least 18 years old
- Be an Australian resident – you must live in Australia with an Australian residential address
- Be applying as an individual (not a business or association)
- Have two forms of ID from the following:
- NSW or QLD driver licence
- Australian passport
- Green Medicare card
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.
If you don’t meet the eligibility requirements to open an account online, you can still open an account at one of our branches.
Open an account in a branch
If you’d rather see a friendly face in person, or don’t meet the eligibility requirements to open an account online, drop into one of our branches. Make sure you bring the required documents with you so we can set up your account.
Other ways to save with BCU Bank
How much could you save?
Want to see how your money could grow? Discover your savings potential with our savings goal calculator.
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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. 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.
Deposits may be guaranteed by the Australian Government’s Financial Claims Scheme, which is a government-backed safety net for deposits of up to $250,000 (per account holder per Authorised Deposit-taking Institution).
Boss Saver Account
Bonus interest payable on balances up to $100,000 when during the calendar month:
1. at least $500 from an external account is deposited (excluding ATM withdrawals, balance enquiries and transfers, direct debits, Bank@Post™ transactions and BPAY payments and uncleared transactions) into your BCU Access Account(s); and
2. you make at least 5 Visa card transactions (excluding ATM withdrawals, balance enquiries and transfers, direct debits, Bank@Post™ transactions and BPAY payments and uncleared transactions) from a linked BCU Access Account.
Standard rate applies if conditions not met. Interest applies to Boss Saver Account balance only, Access Account balance not included.
You may hold a maximum of one Boss Saver Account only, either as a single account holder or joint account holder.
BPAY® is registered to BPAY Pty Ltd ABN 69 079 137 518.
Bank@Post is an agency service provided by Australia Post on behalf of over 80 financial institutions.
Bank@Post™ deposits and withdrawals are available only with a BCU VISA Card. Cheques must be made out in the name of the cardholder to be accepted at.
Bank@Post™ and require a minimum of 7 business days for clearance.
Bonus Saver Account
An introductory bonus rate will apply on balances up to $5m per account for the first 4 months, in addition to the standard rate from the account opening date. Interest applies to Bonus Saver Account balance only.
At the end of the introductory period the standard interest rate at that time will apply.
A customer may hold a maximum of one Bonus Saver Account as a single account holder and one Bonus Saver Account as a joint account holder. You may apply to open a Bonus Saver Account 12 months from the date of closing any previously owned Bonus Saver Account as a single or joint account holder.
Power Saver Account
Bonus interest applied when minimum $100 deposited and no withdrawals are made from the account during the calendar month. Standard interest applies if the bonus interest conditions aren’t met and on balances exceeding $250,000.
Customers can hold up to three Power Saver accounts in total, whether held in single or joint names.