Bank Australia mySaver
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mySaver is a savings account from Bank Australia. At $50,000 it pays 5.35% p.a. in a month in which the conditions below are met and 0.10% when they are not.
Rate tiers
Every balance band in the bank's feed: base is the rate when the bonus conditions are not all met, bonus the add-on for meeting them, conditional the two together.
| Balance | Base | Bonus | Conditional |
|---|---|---|---|
| $0.01 – $50,000 | 0.10% | 5.25% | 5.35% |
| $50,000.01 – $250,000 | 0.10% | 4.90% | 5.00% |
Each rate is paid on the whole balance: the balance falls into one band and earns that band's rate.
The bonus is paid on top of the base rate in a month in which the conditions are met; conditional is the two together, and the base rate is what is paid otherwise.
The bonus rate changes with the balance; the bands above show what the feed states for each.
The feed states a minimum balance of $0.01.
Conditions
For the bonus rate
- deposit $10 or more each month
- no withdrawals in the month
In the bank's own words, as its feed states each condition on the bonus rate:
- monthly depositBonus interest when you deposit at least $10 each month.
- withdrawalsBonus interest when you make no withdrawals in a calendar month
Other conditions
- not updated by the bank since 2026-10-14, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed
- if the balance goes over $250,000 no interest is paid on any of it
- only for customers under 25
Features
- app
- yes
- Osko
- yes
- PayID
- yes
- PayTo
- yes
- BPAY
- 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 to 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.
- PayTo Payments: You can make recurring and one-off payments with any participating PayTo merchant, business or service provider and keep track of all the payments in the Bank Australia app or Internet Banking.
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)
- minimum balance
- $0.01
- interest paid
- monthly
- interest calculated
- daily
- age
- up to age 24
- open to
- personal customers
- age limited
- open only to people of certain ages (kids, youth or seniors accounts)
Who can open it, in the bank's own words:
- age 24 and under: Under 25 years of age
- Personal, Joint and Trust
- Only one mySaver is allowed per customer, solely or jointly owned
- residency: Must be an Australian citizen, permanent resident or have a valid Visa.
About this account
The under 25's savings account for teens, students and young adults with a nice bonus for regular saving.
Data
- Bank Australia'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: mysaver, Savings_and_Term_Deposit_Interest_Rate_schedule, Summary_of_Accounts, Fees_charges_and_transaction_limits; 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 14 October 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
- Christmas Saverstale savings account, 2.25% base at $50,000
- Commercial Saverstale savings account, 1.95% base 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.
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Deep Almanac is a secondary source and this page is provided for general information and reference. It is not financial, investment, legal, valuation, educational or other professional advice, and it is not a substitute for checking the original source. Rates change without notice, bonus interest is paid only in the months an account's conditions are met, and banks may apply conditions not captured here. You are responsible for any decision you or your software makes in reliance on this page. See our terms of use.