The Online Savings Account is designed to help you save money with a high interest rate, while giving you access to funds when you need it. Simply link your Online Savings Account to any other bank account in the same name (or where the account is held jointly with another account holder, at least one account holder).
Anyone over 12 years old can open an account. The application should be completed by the account holder.
Yes. Simply fill in another application. Each Online Savings Account must still be linked to a nominated bank account.
No, this account is specifically for personal use only.
There is no minimum balance. You earn high interest on the full balance of your account.
It takes up to three business days to open your account after we receive your completed application form (and any supporting documentation).
Yes, you will be able to view all your transactions once you have registered for our internet banking services. You will also be able to deposit and withdraw money using internet banking.
If you already have access to our internet banking services, simply use your same customer ID and access code.
You can make deposits whenever you like by transferring money from your nominated linked account using internet banking. You can also make deposits from an external non-nominated account i.e. an account that is not currently linked to your Online Savings Account.
You can withdraw money by transferring funds to your nominated account any time via Online Banking.
You start earning interest as soon as your account is open and a deposit is made. Interest is calculated on your entire balance daily (regardless of the amount) and paid monthly.
No, our Online Savings Account comes with absolutely zero bank fees!
Yes, you'll receive notice in your statements. Our website will also feature the most up-to-date interest rates, or you can call us for more information.
Statements are issued quarterly at the end of March, June, September and December.