High interest savings account
Kickstart your savings with bonus interest for the first four months from account opened date.
UP TO
5.00%P.A.
Total variable rate for first 4 months
Features and benefits
No fees & no penalties
Maximise your savings with higher interest and no monthly or ongoing fees, or withdrawal penalties.
Access your money 24/7
Enjoy full flexibility with 24/7 access to your money and no restrictions or penalties.
No minimum balance needed
Get started on growing your savings at whatever stage you’re at, with no minimum balance required.
Manage your money, your way
Bank on the go using the BCU Bank App, iBank or over the phone and keep your finances moving with you.
How Bonus interest works
Standard variable interest rate 1.00% p.a.
Bonus variable interest rate for 4 months 4.00% p.a.
Earn up to 5.00% p.a. for the first 4 months
An introductory bonus variable rate will apply only for the first 4 months in addition to the standard variable rate from the opening date of the new Bonus Saver account. Bonus and standard rates are subject to change.
BCU Bonus Saver
| Tier | Standard Rate | Bonus Rate | Total rate |
| $0 - plus | 1.00% p.a. | 4.00% p.a. | 5.00% p.a. |
Open your account in minutes
Existing members
BCU iBank:
In the main menu go to Apply > Open deposit account.
Select 'Bonus Saver' and follow the prompts to open your account.
BCU Bank app:
Go to Open account in the left menu. Select 'Bonus Saver' and follow the prompts.
New members
If you’re over 18 years of age, you can open your account in minutes. You’ll become a member and enjoy all the benefits of banking with BCU.
Open accountOr you can visit a branch or contact us.
Opening your account online
To open your account online as a new member you’ll 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 Austalian driver's licence
- an Australian passport
- a Medicare card (green)
Handy hint: Have your tax file number ready. If you earn more interest than the limit set by the ATO, you need to pay tax. To avoid this, provide your tax file number when applying.
Opening your account in branch
If you don’t already bank with us you’ll need to bring your Australian driver's licence or a valid Australian passport for ID.
Read more information about how to apply.
All the details
| Feature | Description | Available |
|---|---|---|
| Earn bonus interest | Open your account1 and earn a variable bonus interest rate for the first 4 months, then continue earning with our competitive variable ongoing rates. | Yes |
| BPAY | Pay your bills easily and securely. | Yes |
| Osko | Send and receive money in near real time between participating banks. | Yes |
| Internet banking | Convenient and secure access through BCU iBank is available 24/7 | Yes |
| Mobile app | Manage your money on the go with the BCU Bank app straight from your phone. | Yes |
| Pay&Save | Pay&Save at the same time by linking a BCU Access Account to a BCU Bonus Saver account. | Yes |
| Description | Fee | Number of free transactions |
|---|---|---|
| Monthly fee | $0.00 | N/A |
| Direct debit | N/A | N/A |
| Direct credit | $0.00 | Unlimited |
| Internet banking - internal / external transfer | $0.00 | Unlimited |
| Internet banking - BPAY | $0.00 | Unlimited |
| Phone banking transfer | $0.00 | Unlimited |
View all fees and charges relating to Transaction and Savings accounts
| Interest calculated | Daily |
| Tiered interest rates | Yes |
| Bonus interest2 | Yes |
| Interest payment frequency | Monthly |
| Savings and Transaction Account Interest Rate Schedule |
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Apply online If you’re 18 years of age or older you can open your Bonus Saver account online in minutes. New members To apply for an account online you must:
Existing members You can open your new account in BCU iBank or via the BCU Bank app. |
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Apply at a BCU branch Open your new account by visiting your nearest BCU branch. You must be 12 years of age or older. If you’re joining as a brand new member, you need your Australian driver's licence or a valid passport. You can also use one form of primary ID without your photo (eg. your birth certificate or citizenship papers) with one form of secondary ID (eg. your most recent power bill). Original and certified copies of documents are accepted. |
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More information
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You may also be interested in:
Access Account
A transaction account that covers all your everyday banking needs. Open your new account online in minutes and access your instant Visa Debit card.
Standard Term Deposits
Term deposits are a great way to help build your savings for the future. BCU offers competitive returns on investments from 1 month to 3 years on deposits as little as $1,000.
Important information
1. Members will be allowed to hold one Bonus Saver under their single name and one under a joint name.
2. An introductory bonus variable rate will apply only for the first 4 months in addition to the standard variable rate from the opening date of the new Bonus Saver account. Bonus and standard rates are subject to change. For further details please refer to our Terms and Conditions.
Download Savings Account & Account Access Channels Terms and Conditions
Download Savings and Transaction Account Interest Rate Schedule
Download Fees and Charges