Advantage Saver
Up to
Variable rate
Why choose an Advantage Saver?
Tiered interest rate
The more money you save, the more interest you could earn.
No ongoing fees
Keep your money in your account with no monthly or transaction fees.
Free ATM access
Unlimited fee-free withdrawals at all atmx and major bank ATMs across Australia.
Visa Debit card
Use your card online, around the corner, and around the world.
The features don't stop there
- Enjoy a tiered interest rate on your savings for amounts of $2,000 or more.
- Tap and pay securely using your mobile phone using Apple Pay, Google Pay™, or Samsung Pay.
- Transfer or make payments 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.
- Temporarily lock your card or block certain transactions such as overseas purchases or Visa payWave.
- Deposit cash and cheques, withdraw cash, and make balance enquiries at Australia Post using Bank@Post if you can't make it to a BCU Bank branch.
Rates and fees
Interest rates
| Account balance | Interest rate | Interest calculated | Interest credited |
|---|---|---|---|
| Under $2,000 | 0.00% p.a. | Daily | End of month |
| $2,000 - $47,999.99 | 1.55% p.a. | Daily | End of month |
| $48,000 + | 1.95% p.a. | Daily | End of month |
| The basics | |
|---|---|
| Monthly fee | $0 |
| Minimum monthly balance | No |
| Everyday transactions | |
|---|---|
| Internet banking & mobile app transfer | Free |
| EFTPOS and Visa purchase | Free |
| Direct debits and credits | Free |
| BPAY® | Free |
| Withdrawal at atmx and major bank ATMs in Australia | Free |
| Non-standard transactions | |
|---|---|
| Bank@Post™ withdrawal | Free |
| Bank@Post™ deposit | Free |
| Card replacement - standard | $10.00 |
Other fees and charges may apply. See all fees and charges for transaction and savings accounts.
Ready to open an 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
If you're a new customer you’ll need to be over 55 years old and have a current Australian drivers licence or passport to open your account online.
You will also need to be:
- an individual (not a business or association)
- an Australian resident with a current Australian residential address.
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.
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 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
If you're a new customer you’ll need to be over 55 years old and have a current Australian drivers licence or passport to open your account online.
You will also need to be:
- an individual (not a business or association)
- an Australian resident with a current Australian residential address.
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.
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 a non-resident.
- doesn't have an Australian photo identity document.
Make your money work for you
Because we're here to help
Open an account online
You'll be able to start using your Advantage Saver with your instant digital card in minutes.
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 bank 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.
We welcome you to visit any one of our branches which are located from Maroochydore in Queensland's south through to Port Maquarie in northern New South Wales.
You can use our branch locator to find your nearest BCU branch.
Remember, there are a wide range of actions you can undertake in the mobile app or internet banking for your convenience.
Please contact us on 1300 228 228 if you'd like to speak to a team member.
You should receive your physical Visa Debit card by mail within 7-10 business days.
If you've recently opened a new account online, you can set up your digital card straight away and use it with the digital wallet on your smartphone.
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.
One of the account holders must be at least 55 years of age. Members may hold a maximum of one Advantage Saver as a single account and one Advantage Saver as a joint account.
Bank@Post™ deposits and withdrawals are available only with a BCU Bank 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.
BPAY® is registered to BPAY Pty Ltd ABN 69 079 137 518.