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Savings Accounts Interest Rates

 

 

Rates are effective as at 9am Thursday 07/11/2024

Bonus Saver Account Interest rates

Bonus Saver Account $0.00+
Variable 4.00% p.a.

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Rates are effective as at 9am Thursday 07/11/2024

Life Saver Account Interest rates

Life Saver Account $0.00+
Variable 4.75% p.a.

View Life Saver

Rates are effective as at 9am Thursday 07/11/2024

Cash Management Account Interest rates

Rates for the entire balance where the balance falls between: $0.00 - $19,999.99 $20,000.00 - $199,999.99 $200,000.00 - $499,999.99 $500,000.00+
Variable 0.01% p.a. 0.01% p.a. 0.01% p.a. 0.01% p.a.

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More interest rates

Find out more about our Savings Accounts

Bonus Saver

Bonus interest 4.00 % p.a.
Calculated daily, paid monthly
Bonus Saver rewards you for your good saving habits. Just make at least one deposit in a calendar month, and no withdrawals to be rewarded with bonus interest. Too easy.
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Life Saver

Interest rate 4.75 % p.a.
Calculated daily, paid monthly
Fair-go banking for those under 25. Our Life Saver is the account that grows with you, rewarding you with a competitive interest rate when you make at least one deposit per month. By opening a Life Saver under the age of 25, you can continue to use it for life.
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Cash Management Account

Interest rate 0.01 % p.a.
$20,000 - $199,999.99 Calculated daily, paid quarterly
For those that like to keep their saving simple, but still want the potential for a return on their balance. Our Cash Management allows you make deposits and withdrawals at any time without penalising your interest rate.
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More how-to guides More how-to guides Savings Accounts hub Savings Accounts hub
More how-to guides More how-to guides Savings Accounts hub Savings Accounts hub

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Frequently asked questions

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Call us Monday to Friday 8:00am – 6:00pm and Saturdays 8:00am – 1:00pm AEST.

Call 13 13 86

Any advice is general and does not take into account your objectives, financial situation or needs. You should consider whether the product is suitable for you and your personal circumstances.

Greater Bank, part of Newcastle Greater Mutual Group Ltd ACN 087 651 992, Australian Financial Services Licence/Australian credit licence 238273 

Bonus Saver

We calculate interest by applying the daily percentage rate to your account balance. We pay interest on the last day of each month if at least one deposit and no withdrawals have been made in the calendar month. No Interest applies if no deposits and/or any number of withdrawals have been made during the month. These rates are current as at the Effective Date and are subject to change by Greater Bank without further notice. Conditions apply. Please read the relevant Product Schedule for Bonus Saver for more information.

Life Saver

We pay interest on the last day of the month if the account balance (excluding interest) at the end of the calendar month is higher than the account balance at the start of the calendar month. No interest applies if the account balance (excluding interest) does not increase for that month. Interest Rate applicable for applicants who meet account age requirements - see our product page for full details. Please read the relevant Product Schedule for Life Saver for more information.

Cash Management

Interest is calculated daily. We calculate interest by applying the daily percentage rate to the entire daily balance based on the relevant tiers above. We pay interest quarterly on 31 March, 30 June, 30 September and 31 December. These rates are current as at the Effective Date and are subject to change by Greater Bank without further notice. Conditions apply. Please read the relevant Product Schedule for Cash Management for more information.