Bonus Savings Account
A bonus saver account earns extra interest each month you make a deposit of any amount and no withdrawals.
Grow your savings with our Bonus Savings Account.
Earn a great bonus rate each month if you make a deposit of any amount and no withdrawals with our Bonus Savings Account. It doesn’t matter if you deposit $1 or $1,000 each month, either way you can earn bonus interest.
Best of all, there’s no maximum or minimum balance requirements, so you can have as much or as little as you like sitting in your account. So why not save your way with our Bonus Savings Account?
Earn high interest every month a deposit is made with no withdrawals.
No withdrawal or monthly fees.
Set up regular direct deposits to make sure you earn bonus interest.
When is my interest paid?
If you’ve made a deposit of any amount and no withdrawals in the month, your base rate and bonus interest will be paid into your Bonus Saving Account at the end of the calendar month, with the description ‘Interest Credit’.
Please note: You won’t be able to see the rate applied in the Mobile Banking App or Internet Banking until it’s paid at the end of the month.
Bonus Savings Account interest rates
| Product Name | Interest Rate | Bonus + Rate |
|---|---|---|
| Bonus Savings Account | 0.01% pa | 2.75% p.a. |
Total interest is earned each month you make a deposit of any amount with no withdrawals.
Bonus Savings Account Fees
Fee
Amount
Monthly Fee
$0
Other fees and charges may apply. This is general advice only and you should consider the terms and conditions before determining whether any of our products are suitable to your situation.
Start your application now
If this sounds like the account for you, apply online now!
Get in touch
You can contact us by calling us, visiting us, making an appointment or using Secure Mail.
Open a Credit Union SA account in minutes!
Before you begin, you'll need to have one of the following IDs:
- Australian driver's license
- Passport
Open an account using your Mobile Banking App or Internet Banking.
Mobile Banking App
- Select Open new account from the drop-down menu, select the relevant account and follow the instructions.
Internet Banking
- Select Apply for from the top navigation menu, click Account, select the relevant account from the list and follow the instructions.
Frequently asked questions
View all Bonus Savings Account FAQsThere is no maximum balance for this account. It doesn’t matter if you have $1 or $100,000 sitting in your account, you’ll earn the bonus interest as long as you make at least one deposit and no withdrawals during the calendar month.
No, you can withdraw your money at any time. If you make a withdrawal, it just means you won’t earn the bonus interest for that calendar month.
You must make one deposit of any amount and no withdrawals each month.
Yes, up to $250,000 is covered by the Government Financial Claims Scheme.
Find out more by visiting APRAs website.
Yes, you can open as many Bonus Savings Accounts as you like. Each account will need to have at least one deposit and no withdrawals during the calendar month to qualify for the bonus interest.
No, there is no fee for withdrawing money from your account. If you make a withdrawal, it just means you won’t earn the bonus interest for that calendar month.
Interest is calculated daily and paid at the end of the calendar month into your Bonus Saving Account, with the description ‘Interest Credit’.
No, you won’t be able to see the rate applied until it’s paid at the end of the month but as long as you’ve made one deposit and no withdrawals you will be eligible for the bonus interest rate.
Yes, you can send money instantly as long as the corresponding bank or credit union also accepts Osko payments. Otherwise, it can take up to 48 business hours to process.
Banking your way
Why choose a credit union?
The credit union difference
At Credit Union SA, we offer all the same services as a bank but with one very important difference - our highest priorities are our members and our community.
How we
can help
Contact us
You can contact us by calling us, visiting us, making an appointment, using Web Chat or Secure Mail.
Call us
We’re here to answer any questions you might have – make sure you have your Access Code ready!
Visit us
Our friendly staff at 400 King William Street, Adelaide can help you with all your banking needs.
Make an appointment
Book an appointment with one of our local Home Lending Specialists now.
Related products
INFORMATION YOU SHOULD KNOW
Other fees and charges may apply. This is general advice only and you should consider the terms and conditions before determining whether any of our products are suitable to your situation.
The target market for this product can be found within the product’s Target Market Determination (TMD), available at creditunionsa.com.au/legal/terms-and-conditions/target-market-determination.