Advantage Saver Account
An account for over 55s – a flexible everyday account that earns a competitive interest rate. Open your new account online in minutes and access your instant Visa Debit card.
Benefits
Tiered interest rate
The more money you save, the more interest you earn
No monthly fee
Save with no ongoing fees
Free ATM withdrawals
Available at all BCU, atmx and major bank ATMs
Digital wallets
Tap and pay with your mobile phone
Advantage Saver interest rates
| bcu advantage saver | |
|---|---|
| $0 - $1,999.99 | 0.00% p.a. |
| $2,000 - $47,999.99 | 2.05% p.a. |
| $48,000 - plus | 2.35% p.a. |
All the details
| Description | Requirement |
|---|---|
| Account eligibility |
You must be over 55 years of age. For a joint account, at least one member must be over the age of 55. You may hold a maximum of one Advantage Saver as a single account and one Advantage Saver as a joint account. |
| Other products required | None |
| Minimum balance | $0.00 |
| Feature | Description | Available |
|---|---|---|
| Visa Debit card | Easy access to your money online, over the phone and anywhere in the world where Visa is accepted. | Yes |
| BPAY | Pay your bills easily and securely. | Yes |
| Direct debit | Set and forget automatic payment of your regular bills. | Yes |
| Osko | Send and receive money in near real time between participating banks. | Yes |
| Digital wallets | Tap and pay with your mobile phone using Apple Pay, Google Pay or Samsung Pay. | Yes |
| Bank@Post | Deposit cash and cheques, withdraw cash or make balance enquiries at Australia Post if you can't get to a BCU branch. | Yes |
| In-branch banking | Face to face service with a smile. | 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 |
| Card controls | Temporarily lock your card or block certain transactions such as overseas purchases or Visa payWave. | Yes |
| BCU alerts | Stay on top of your banking with alerts:
|
Yes |
| Description | Fee | Number of free transactions |
|---|---|---|
| Staff assisted withdrawal / deposit / transfers / future payment | $0.00 | Unlimited |
| Staff assist BPAY / bill payment services | $0.00 | Unlimited |
| EFTPOS transactions | $0.00 | Unlimited |
| Cheques drawn against your BCU account | $0.00 | Unlimited |
| Direct debit | $0.00 | Unlimited |
| Internet banking - BPAY / external transfer | $0.00 | Unlimited |
| BCU, atmx or major bank ATM withdrawal | $0.00 | Unlimited |
| Bank@Post deposit / declined deposit | $0.00 | Unlimited |
| Bank@Post withdrawal / declined withdrawal | $0.00 | Unlimited |
| Monthly fee | $0.00 | N/A |
View all fees and charges relating to Access and Savings accounts
| Interest calculated | Daily |
| Tiered interest rates | Yes |
| Bonus interest | No |
| Interest payment frequency | Monthly |
| Savings and Transaction Account Interest Rate Schedule |
|
Apply online If you’re over 55 years of age you can open your Advantage 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. |
|
Apply at a BCU branch Open your new account by visiting your nearest BCU branch. You must be 55 years of age or older to open an Advantage Saver account. 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. |
