Future Saver Account
Earn bonus interest on bigger balances.
Total rate up to
Made up of 0.10% p.a. base rate and 4.75% p.a. bonus rate on balances up to $500,000.
Features & benefits
Rates & Fees
The maximum total interest rate payable on a Future Saver Account consists of a base interest rate plus a bonus interest rate.
You don't need to meet any eligibility criteria to receive the base interest rate, but you must grow your balance by at least $250 each month to qualify for the additional bonus rate.
For further information and details, see all Schedule of Fees, Accounts, and Access Facilities and Terms & Conditions.
Interest rate calculations
$500k
$500k
There are a few eligibility requirements you should be aware of before applying for a Future Saver Account.
Simply grab your ID and follow the application prompts.
Make sure you qualify for bonus interest> every month and watch your savings grow!>
Frequently asked questions
Increase the balance of your Future Saver account by $250 before the end of each month (excluding interest payments, withholding tax and fees) to earn bonus interest.
Future Saver’s total interest rate is made up of a base interest rate and bonus interest rate. You don't need to meet any eligibility criteria to receive the base interest rate.
To earn bonus interest, you’ll need to make sure your account balance at the end of the month is at least $250 higher than it was at the start of the month. The $250 can’t include interest we’ve paid to you.
Here are some examples to help explain:
| Opening balance | Deposits | Withdrawals | Closing balance |
|---|---|---|---|
| $50,000 | + $250 | - $1,000 |
$49,250
No bonus interest paid
|
| $50,000 | + $250 |
$50,250
Bonus interest paid
|
|
| $50,000 | + $1,250 | - $1,000 |
$50,250
Bonus interest paid
|
Great Southern Bank is the trading name of Credit Union Australia Limited. You may have previously known us as CUA.
For over 75 years, we’ve been helping Australians with their banking and insurance needs. And today, we continue to provide clever products and tools to help customers reach their financial goals sooner.
As a customer-owned bank, we’re owned by you, our customers. So, instead of chasing huge profits for stakeholders, we reinvest profits back into the business for better products and services.
We love helping customers to achieve their financial goals and we can’t wait to help you with yours, whatever they may be. To get started, contact us today.
Yes. Money placed in a savings account with a bank, building society or credit union is protected by the Australian Government’s Financial Claims Scheme (FCS).
The scheme protects deposits up to $250,000 per person, per financial institution. In the unlikely event that a financial institution closes you’ll have the peace-of-mind that your money is safe.
Absolutely. Simply download our mobile banking app to do your banking anywhere from the convenience of your phone.
Yes. Great Southern Bank Online Banking is easy to use, convenient and secure. As a new customer you'll be set up with online banking as soon as you open an account.
If you are already a customer, you can register for online banking in less than a minute and get started straight away.
We take security very seriously and have several features to keep your online and mobile banking safe and secure.
For starters, you’ll always need your customer number and password to log in to digital banking. You can also take advantage of our special features for extra security and peace of mind.
Our key security features include:
- Fingerprint login
- Facial login
- Transaction notifications
- Security questions
- The option to change your password at any time
While we take proactive steps to fight fraud, it’s important that our customers also take an active role in keeping their accounts secure.
Our online security checklist contains more tips and tricks to keep your account secure. And as always, never share your password with anyone.
No, Future Saver is limited to one account per customer.
The only thing that’ll happen if you don’t increase your balance by at least $250 in a month is you won’t qualify for bonus interest. You will still receive the base rate of interest though.
There are no regular or ongoing account-keeping fees associated with Future Saver.
Avoid the temptation to dip into your saving by hiding your account in The Vault.
Save every time you spend with The Boost.
Find out how much you could save and how to reach your goals faster with our Savings Calculator.
Great Southern Bank, a business name of Credit Union Australia ABN 44 087 650 959, AFSL 238317. Conditions, fees and charges apply.
This is general information and does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information, including the Terms and Conditions (T&Cs) booklet, before acting on it. The Financial Claims Scheme may apply to this product; refer to the T&Cs for more information.
Deposits up to $250,000 per account holder are guaranteed by the Federal Government under the Financial Claims Scheme.
Rates current as at 05 November 2024 and subject to change.
> Applicants must be over the age of 18. Available to new and existing customers. Only one account per customer. Interest is calculated daily on whole balances and paid monthly. Rate applies on a stepped basis - each rate applies to the portion of the total balance that falls within that balance bracket. Refer to the interest rate schedule for current interest rates. Bonus interest is applied on top of the base rate if the balance of the Future Saver account increases by $250 by the end of each calendar month (excluding interest payments, withholding tax and fees).
Future Saver’s interest is made up of a base interest rate and bonus interest rate. You don't need to meet any eligibility criteria to receive the base interest rate.
To earn bonus interest, you’ll need to make sure your account balance at the end of the month is at least $250 higher than it was at the start of the month.> The $250 can’t include interest we’ve paid to you.
- Must be at least 18 years of age
- Must be a resident of Australia
The Future Saver Account is suitable for customers who want to be rewarded for growing their savings each month.
It may not be right for you if you don’t wish to commit to increasing the net balance by at least $250 each month to qualify for bonus interest. If this is the case, our Everyday Saver Account may be more suitable.