Following the Reserve Bank of Australia’s (RBA) decision to decrease the official cash rate by 0.25% p.a., BCU Bank will be reducing the interest rates on all our variable home loans by 0.25% p.a. In addition, the interest rate on most of our savings products will also decrease by 0.25% p.a. However, we will maintain a competitive rate for our Boss Saver product.
As a customer-owned bank, our focus is on providing value to our members. We are committed to offering competitive rates while ensuring our products meet the needs of our customers.
From 5 March 2025, all variable rate home loans and commercial loans will decrease by 0.25% p.a. Customers will receive further communication about the specific impact on their loans in the coming weeks.
If you have any concerns or need assistance with your repayments, please reach out to us to discuss the options available.
The details of upcoming changes to transaction and savings account interest rates are provided below.
We’re here to help
If you have any questions or need more information, please contact us via live chat on the BCU website, log in to internet banking to send us a secure message, call us on 1300 228 228, or email us at mail@bcu.com.au (general enquiries only).
Transaction and savings interest rate changes March 2025
Effective from Wednesday 5 March 2025, the following changes to our savings account interest rates will apply.
| Bonus Saver | Current rate | New rate |
|---|---|---|
| Standard rate $0+ | 0.50% p.a. | 0.25% p.a. |
| Bonus rate $0+ (no change) | 4.50% p.a. | 4.50% p.a. |
| BCU iSaver | Current rate | New rate |
|---|---|---|
| $1,000 (no change) | 0.00% p.a. | 0.00% p.a. |
| $1,000 - $19,999.99 | 2.85% p.a. | 2.60% p.a. |
| $20,000 - $249,999.99 | 3.25% p.a. | 3.00% p.a. |
| $250,000+ | 3.30% p.a. | 3.05% p.a. |
| BCU Business iSaver | Current rate | New rate |
|---|---|---|
| Under $5,000 (no change) | 1.00% p.a. | 1.00% p.a. |
| $5,000+ | 1.50% p.a. | 1.25% p.a. |
| Scoot Super Saver | Current rate | New rate |
|---|---|---|
| Under $50,000 | 2.75% p.a. | 2.50% p.a. |
| $50,000+ | 1.65% p.a. | 1.40% p.a. |
| BCU Christmas Club | Current rate | New rate |
|---|---|---|
| $0+ | 0.30% p.a. | 0.05% p.a. |
Effective from Wednesday 5 March 2025, the following changes to our transaction account interest rates will apply.
| Advantage Saver | Current rate | New rate |
|---|---|---|
| Under $2,000 (no change) | 0.00% p.a. | 0.00% p.a. |
| $2,000 - $47,999.99 | 1.80% p.a. | 1.55% p.a. |
| $48,000+ | 2.20% p.a. | 1.95% p.a. |
Effective from Wednesday 5 March 2025, the following changes to our savings account interest rates will apply.
| Dream Saver | Current rate | New rate |
|---|---|---|
| Under $30,000 | 1.40% p.a. | 1.15% p.a. |
| $30,000+ | 0.27% p.a. | 0.02% p.a. |
| Incentive Savings Account | Current rate | New rate |
|---|---|---|
| Under $50,000 (no change) | 0.00% p.a. | 0.00% p.a. |
| $50,000 - $249,999.99 (no change) | 0.05% p.a. | 0.05% p.a. |
| $250,000+ | 0.30% p.a. | 0.05% p.a. |
| BCU SMSF Cash iSaver | Current rate | New rate |
|---|---|---|
| $0+ | 0.85% p.a. | 0.60% p.a. |