Bank of us Spring Load

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Spring Load is a savings account from Bank of us. At $50,000 it pays 5.50% p.a. in a month in which the bank's conditions, which its feed does not state, are met and 0.00% 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.

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 $50,000 and a maximum balance of $1,000,000.

Conditions

For the bonus rate

• bonus conditions not stated in the feed

Other conditions

• not updated by the bank since 2026-11-02, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed
• the Spring Load rate runs only for a short period (up to about four months), after which the account becomes a Stash 'n' Splash account
• only for new money to Bank of us; deposits of $25,000 or more earn the top rate
• more than five withdrawals or transfers in a calendar month means no interest for that month

Features

app

yes

Osko

yes

PayID

yes

Other features, in the bank's words:

• You can make up to 5 withdrawals or transfers from the Spring Load account in any one month without impacting the credit interest paid on the account. However, if you make more than 5 withdrawals or transfers during a month, you won't receive any interest.

Fees, limits and who can open it

monthly fee

no monthly fee stated

minimum balance

$50,000

maximum balance

$1,000,000

interest paid

monthly

interest calculated

daily

open to

personal customers

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

• residency: Tasmanian resident

About this account

The Spring Load account is a maximum period (term) account, which is available to Tasmanian residents who are depositing new money with Bank of us. The maximum period commences on the day the account

Data

• Bank of us'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 5 November 2026.
• We read the bank's own page and terms against this page on 1 November 2026: spring-load, spring-load-feature, everyday-and-savings-interest-rates, bankofus.com.au, Fees-and-Charges-Schedule-1-July-2021.pdf, savings-rate-update-2; conditions they state and its feed does not are listed above.
• /au/finance/savings-accounts/v1/brands/bank-of-us.json: this bank's accounts and every balance band as JSON; Bank of us's page lists them.
• The bank last updated this record on 2 November 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 of us

• BUSINESS iCASHstale savings account, 1.20% base at $50,000
• Pension Advantagestale savings account, 2.30% base at $50,000
• Save Upstale savings account, 5.30% conditional at $50,000
• Stash N Splashstale savings account, 3.25% conditional at $50,000
• Super Advantagestale savings account, 1.75% base at $50,000
• Business Advantagestale transaction account
• Community Advantagestale transaction account
• Go tostale transaction account
• One for Allstale transaction account
• One for All - Businessstale transaction account

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