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.

Top 5 Savings Accounts products

Provider
Account
Notice
Interest Paid
Min Bal
Apply
View Full Table >
No Min balance. No withdrawal Penalties. Rate includes a bonus of 0.61% bonus for 1st 4 months.
6.01%
Instant
Monthly
$0
NO withdrawal Penalties. Rate includes 0.60% p.a. Bonus. No Min Deposit.
6.01%
Instant
Monthly
$1
Get 6.00% for the 1st 4 Months from account opening. Rate then drops to 4.25%p.a. No Min balance. NO withdrawal Penalties.
6.00%
Instant
Annually
$0
Get 5.85% for the 1st 4 Months from account opening. Rate then drops to 4.65%p.a. No minimum balance. No monthly Fee.
5.85%
Instant
Monthly
$1
Get 5.80% for the 1st 6 Months from account opening. Rate then drops to 4.75%p.a. No minimum balance. No monthly Fee.
5.80%
Instant
Monthly
$1

Virgin Saver

Virgin Money
  • The new Virgin Saver with the best rates around. Rates that start high and stay there to ensure customers save faster
  • A market leading variable introductory of 5.85% for 4 months and an great ongoing variable rate of 4.65%
  • No fees whatsoever and unlimited free transaction between Virgin Saver and customers linked bank account
  • No min balances or deposit amount
  • Access your account online 24/7 to transfer money, set up automatic savings plans, see statements and much more
  • Savings of up to $1 million dollars are covered by the Australian Government Guarantee through our alliance with Citibank.

UBank USaver

Ubank
  • Get high interest rates of 6.01%p.a on your savings
  • Rate includes a savings bonus of 0.60%
  • Rates are calculated daily and paid monthly
  • No monthly account fees
  • No minimum deposit amount
  • Maximum balance of $1 million dollars per customer
  • Set up 'Savings Buckets' - This allows you to set up different accounts for each of your savings goals in just a few clicks, for example 'New car Fund'
  • Set up an Automatic Savings Plan option that makes regular contributions from another Australian bank account. For example, set up a monthly Automatic Savings Plan for $100 (or more) and receive a Savings Bonus of 0.10%p.a. (for balances up to $150,000)
  • Make use of the Usaver Goal Tracker online savings tool
  • Have the flexibility to transfer funds to any Australian account with the Usaver 'Pay Anyone' feature
  • Have your choice of alerts sent to you via email, SMS or secure mail
  • Access to a real person at Ubank through a dedicated call centre.

St. George Direct Saver

St George
  • Get a total of 5.50%p.a
  • Open a Direct Saver online saving account today and enjoy a fixed bonus rate of 1.25%p.a. above the standard Direct Saver variable rate 4.25%p.a. for 4 months.
  • No fees
  • No minimum balance
  • Instant funds transfer if linked to St.George account
  • Unlimited fee-free phone and Internet banking
  • Interest calculated daily & paid monthly
  • Open up to 15 multiple direct saver accounts
  • Use it as your DIY Superannuation.

ANZ Online Saver

ANZ
  • ANZ Online Saver – access your funds 24/7, no minimum balance and earn up to 6.00% p.a for 1st 4 months.
  • No Minimum Balance
  • Interest is calculated daily and paid quarterly
  • Safe and secure Government Guarantee on deposits
  • 24/7 State of the art online banking
  • Terms and conditions, fees and charges apply.

St. George Power Saver

St George
  • Enjoy a fixed bonus interest rate on top of your standard variable Power Saver rate for 4 months when you open a new Power Saver account
  • For customers who reside in NSW, ACT, SA or NT the fixed Bonus rate is 1.40%p.a.
  • For customers who reside in QLD, VIC, WA or TAS, the fixed Bonus rate is 0.55%p.a.
  • No monthly account fees
  • Unlimited fee free online and phone transactions
  • Instant access via branch and ATM/EFTPOS+
  • Choose a Deposit Only Card, so you won’t be tempted to access your savings at an ATM

NAB iSaver

NAB
  • Get 4.15% p.a. (current standard variable interest rate) + 1.35% (4 months fixed bonus interest rate on new accounts) p.a. = 5.50% p.a. (current NAB iSaver rate on new accounts).
  • Interest is calculated daily and paid monthly
  • Open an account with $1
  • Pay no transaction or account keeping fees
  • Make unlimited deposits and withdrawals
  • No Direct ATM withdrawal instead withdraw via transfer to other account or beneficiary.

RaboDirect High Interest Savings Account

RaboDirect
  • Get 6.01% on balances up to $200,000 plus and extra 0.61% for 1st 4 months.
  • No fees and no minimum balance
  • Access to your savings 24 hours a day, 7 days a week
  • Interest calculated daily, paid monthly
  • No need to switch banks for your everyday banking
  • Also available to DIY super and trust accounts

Citibank Online Saver

Citibank
  • A great introductory rate of 5.80% p.a. for the first 6 months of your account opening.
  • At the end of 6 months you’ll receive our standard variable interest rate, currently 4.75% p.a.
  • No account fees
  • No minimum balance
  • No fixed terms or hidden catches
  • Access your money 24 hours a day, 7 days a week through phone and internet banking
  • Savings up to $1 million will be covered by the Australian Government Guarantee