Advertisement

BankSA
Savings Accounts Review

Compare BankSA Savings Accounts Compare BankSA Savings Accounts – read our review and compare the features and benefits available from BankSA. Make an informed decision to find a Savings Account that suits you.

BankSA has a wide variety of savings products, each ideal for a different set of savings requirements. Whether you are looking for a great account paying high interest rates for you existing savings, or you want to start your savings journey through setting up monthly payments into a limited access account, BankSA savings accounts have an account for everyone's individual needs.

BankSA Savings Accounts offer a whole range of features to help you reach your savings goal faster. If you aim to make regular deposits and will be leaving your savings to grow by avoiding making withdrawals, BankSA have the perfect account that rewards you with higher interest rates through meeting these conditions.

You may wish to boost your savings faster by opening an online saving account, helping you to avoid paying fees and earn a great interest rate on your balance.

In October 2008, the Australian Government pledged to cover all Australian bank accounts for up to $1 million per customer. This means that if a bank protected by the scheme were to face financial difficulties, the Australian Government would compensate all customers affected up to the current limit.

BankSA Investment Cash Account

Features

Interest Rate:
0.25% AER
Minimum Balance:
$1
Monthly Fee:
$0

Account Description

  • Earn a competitive variable interest rate on cash investments
  • Easy at call access in branches, ATMs, chequebook and online 24/7
  • Automate deposits like your salary, investment income, etc with direct credits
  • Perfect for Self Managed Super Funds (SMSFs) as a cash hub account, to keep SMSF cash separate from personal cash.

BankSA Business Freedom Account

Features

Interest Rate:
2.10% AER
Minimum Balance:
$1
Monthly Fee:
$0

Account Description

  • You must also hold an eligible BankSA everyday account in the same business name
  • Your business must be registered in Australia
  • Earn a competitive interest rate
  • 24/7 access via Internet and Phone Banking to a linked eligible BankSA everyday account
  • No monthly account keeping fee on this account
  • No minimum monthly balance or deposit required

BankSA Business Cheque Account Plus

Features

Interest Rate:
2.35% AER
Minimum Balance:
$1
Monthly Fee:
$0

Account Description

  • Generous fee-free transaction allowance for a $18 monthly fee
  • Instant access and earn interest on business funds
  • Make tax time easier
  • Free online legal and taxation advice
  • Unlimited fee-free electronic transactions
  • 55 free over the counter deposits or withdrawals, 55 free cheque deposits or merchant envelopes monthly
  • Earn competitive interest (calculated daily, paid monthly)
  • Generous fee-free transaction allowance for a $18 monthly fee