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Savings Accounts Review

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

Members equity savings accounts offer a great place to house your savings, providing you with high interest rates that converts into great returns.

There is no minimum opening deposit or balance required, and you don't have to pay any bank fees.  You can withdraw from your savings at any time without a penalty, and you can manage your account at a time and place that suits you for free, with 24/7 online and telephone banking services.

Members equity savings accounts have won awards for it's accounts, including Money magazine's Best of the Best Awards, Gold Winner, 2009, 2008, 2007, Best Investment Account, Bank Category and Best of the Best Awards 2009, Gold Winner, Best First Home Saver Account, Bank Category.

Top 5 Savings Accounts products*

Provider
Account
Notice
Interest Paid
Min Bal
Apply
Rate includes a bonus 2.00% p.a. which is fixed for the first 3 months.
3.00%
Instant
Quarterly
$1
Earn 2.25% every month you make at least one deposit and no withdrawals.
2.25%
Instant
Quarterly
$1
Earn a competitive variable interest rate from the first dollar, calculated daily, paid monthly. No monthly account service fee. Free unlimited Online withdrawals.
0.25%
Instant
Monthly
$1

BankSA Investment Cash Account

BankSA
  • 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 Maxi Saver

BankSA
  • Access your funds through your eligible working account in branch or 24/7 online, via mobile or phone banking.
  • No monthly service fees.
  • No minimum monthly balance or deposit required

BankSA Incentive Saver

BankSA
  • Earn bonus interest every month you make at least one deposit and no withdrawals
  • No account service fees
  • No minimum monthly balance required
  • Great for people saving towards a goal. Encourages you to save.

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