Bank Australia Christmas Saver

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Christmas Saver is a savings account from Bank Australia. It pays 2.25% p.a. with no bonus conditions.

Rate tiers

Every balance band in the bank's feed: base is the rate the bank pays.

One rate on every balance, with no upper limit.

Conditions

• not updated by the bank since 2026-06-24, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed
• a Christmas club account: withdrawals are restricted for most of the year
• no longer for sale: closed from 1 May 2026 and balances moved to Online Saver

Features

app

yes

Osko

yes

PayID

yes

notifications

yes

transactions

unlimited

round-ups

yes

joint accounts

yes

Other features, in the bank's words:

• Round Up: When you make a transaction with your Visa debit card, you can decide whether you want the amount will be rounded to the nearest whole dollar amount, with the round up being credited from your transaction account into your nominated Savings account or Credit Card. This account can receive Round Up credits.

Fees, limits and who can open it

monthly fee

$0

other fees named

International transaction fee (ITF), Debit interest charge rate (no amount in the feed)

interest paid

annually

interest calculated

daily

age

ages 13 and over

open to

personal customers

christmas club

a Christmas club account: withdrawals are restricted for most of the year

existing customers

existing customers only

Who can open it, in the bank's own words:

• Personal, Joint and Trust
• residency: Must be an Australian citizen, permanent resident or have a valid Visa.
• Funds locked betweeen 1 February and 31 October each year. Interest calculated daily on whole of balance and credited on 30 November: Account Locked

About this account

A savings account which allows unlimited withdrawals between 1 November - 31 January and pays interest on the money you deposit during the year.

Data

• Bank Australia's own page for this account.
• The bank's documents its product record links to: terms and conditions, fees.
• 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: christmas-saver, no-longer-for-sale, Savings_and_Term_Deposit_Interest_Rate_schedule, Summary_of_Accounts; conditions they state and its feed does not are listed above.
• /au/finance/savings-accounts/v1/brands/bank-australia.json: this bank's accounts and every balance band as JSON; Bank Australia's page lists them.
• The bank last updated this record on 24 June 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 Bank Australia

• Bonus Saverstale savings account, 5.35% conditional at $50,000
• Commercial Saverstale savings account, 1.95% base at $50,000
• mySaverstale savings account, 5.35% conditional at $50,000
• Online Saverstale savings account, 4.60% base at $50,000
• Pension Accessstale savings account, 1.78% base at $50,000
• Basic Accessstale transaction account, 0.00% base at $50,000
• Commercial Accessstale transaction account, 0.00% base at $50,000
• Community Accessstale transaction account, 1.50% base at $50,000
• Everyday Accessstale transaction account, 0.05% base at $50,000

All of Bank Australia's accounts on its page, with its best rates per segment and rate kind, and every account at every bank.