Bonus Saver
Up to
Variable rate
Why choose a Bonus Saver?
Introductory rate
Maximise your savings with an introductory interest rate 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.
The features don't stop there
- Earn a higher bonus interest rate on your savings for the first four months. You will continue to earn the standard variable rate after your bonus rate term ends.
- 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 from your Access Account and save every time you spend with Pay&Save. Link your Bonus Saver in the BCU Bank 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.
Earning bonus interest? Simple.
Open a Bonus Saver account
Open a new Bonus Saver account and transfer your savings in – it’s simple and quick, and you can do it all online!
Earn bonus interest for the first four months
No action needed – you'll earn bonus interest automatically, so you can relax and watch your savings grow.
Watch your savings grow
Your money will grow effortlessly. But you can always add more to your account to boost your savings even further, if you'd like!
Rates and fees
Interest rates
| Rate type | Interest rate | Interest calculated | Interest credited |
|---|---|---|---|
| Standard rate | 0.20% p.a. |
Daily
|
End of month |
| Bonus rate* | 4.30% p.a. | Daily | End of month |
| Standard + bonus rate | 4.50% 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.
Open a savings account online in minutes
To open an account online, you'll need to be:
New customer
You can open a Bonus Saver online in just a few minutes – no paperwork, no pressure, just a few steps and you’re sorted.
Existing customer
It's quick and easy to open a new account whenever it suits you using internet banking or the BCU Bank app.
Am I eligible to open an account?
To open an account online, you’ll need to:
- be at least 18 years old
- live in Australia with a current residential address
- be applying as an individual (not a business or association)
What do I need to open an account online?
All you need is a NSW or QLD driver licence or valid passport to verify your identity.
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.
Already bank with us?
You can open a new account through internet banking or the BCU Bank app – no additional ID required.
Prefer to visit a branch?
Drop into one of our branches to open your account in person. If you don’t already bank with us, you’ll need your Australian driver licence or passport.
Don't have photo ID, are under 18, or not an Australian resident? We also accept alternative forms of identification.
Tools to help you save
Got a question about savings accounts?
If you’re new to BCU Bank you can easily open an account online in a matter of minutes.
You’ll need to:
- be at least 18 years old
- have a current Australian driver’s licence or Australian passport document
- have access to your mobile phone with a camera
You can open most of our everyday and savings accounts online, and from there you'll also be able to open a term deposit from internet banking or the mobile app.
If you already bank with us – great choice! You can open most deposit accounts in your name online by going to ‘Apply’ in internet banking or ‘Open account’ in the mobile 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.
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.
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.