Alex.Bank Savings
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Savings is a savings account from Alex.Bank. It pays 4.50% p.a. with no bonus conditions.
Rate tiers
Every balance band in the bank's feed: base is the rate the bank pays.
| Balance | Base |
|---|---|
| $0+ | 4.50% |
One rate on every balance.
The feed states a maximum balance of $250,000.
Conditions
- not updated by the bank since 2026-05-12, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed
- not open to everyone yet: limited release with a waitlist
- applicants must be at least 18 years old
- online withdrawals are capped at $5,000 a day
Features
- app
- yes
- transactions
- unlimited
- joint accounts
- no
Other features, in the bank's words:
- Pay Anyone (Direct Entry)
Fees, limits and who can open it
- monthly fee
- $0
- maximum balance
- $250,000
- interest paid
- monthly
- age
- ages 18 and over
- open to
- personal customers
Who can open it, in the bank's own words:
- residency: Individuals must be an Australian Citizen or Permanent Resident
- residency: Applicants must hold valid Australian Photo ID (Drivers Licence or Passport)
About this account
Alex gets you a fee free, high yield savings account.
Data
- Alex.Bank's own page for this account.
- The bank's documents its product record links to: terms and conditions, fees, eligibility.
- Our verbatim snapshot of the bank's product record (source), as fetched on 22 October 2026.
- We read the bank's own page and terms against this page on 1 November 2026: save, terms-conditions-savings, savings-rate-fee-guide, savings-account-target-market-determination; conditions they state and its feed does not are listed above.
/au/finance/savings-accounts/v1/brands/alex-bank.json: this bank's accounts and every balance band as JSON; Alex.Bank's page lists them.- The bank last updated this record on 12 May 2026. Rates are per annum as the bank states them; "stale" means the bank has not updated the record for over 60 days or since the latest cash rate change.
Other accounts at Alex.Bank
All of Alex.Bank's accounts on its page, with its best rates per segment and rate kind, and every account at every bank.
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