Great Southern Bank Goal Saver
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Goal Saver is a savings account from Great Southern Bank. At $50,000 it pays 5.60% p.a. in a month in which the conditions below are met and 0.50% 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 |
|---|---|---|---|
| $1 – $50,000 | 0.50% | 5.10% | 5.60% |
| $50,000.01+ | 0.50% | — | 0.50% |
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 is paid on balances up to $50,000; the band above it shows what the feed states there.
The feed states a minimum balance of $1.
Conditions
For the bonus rate
- deposit $500 or more each month
Other conditions
- not updated by the bank since 2026-10-26, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed
- ages 18 to 24
- the bonus needs a Great Southern Bank Everyday Edge Account, which does not earn interest
- bonus also needs 5 Visa Debit card purchases a month on the Everyday Edge Account
- for ages 18 to 24 only
Features
- app
- yes
- Osko
- yes
- PayID
- yes
Other features, in the bank's words:
- Account Nicknames - Add a personal touch to your personal accounts
- Mobile Banking App. For banking on the go, anywhere anytime from the convenience of your phone.
- The Boost. If you're looking for a way to achieve your savings goals faster, we've got a clever solution. We call it The Boost, and it'll help you save money as you're spending it!
Fees, limits and who can open it
- monthly fee
- $0
- minimum balance
- $1
- bonus paid up to
- $50,000
- interest paid
- monthly
- interest calculated
- daily
- age
- ages 18 to 24
- open to
- personal customers
- age limited
- open only to people of certain ages (kids, youth or seniors accounts)
- linked account
- a linked or nominated transaction account is required
Who can open it, in the bank's own words:
- age 24 and under: Converts to Home Saver in month of 25th birthday
- residency: You must be an Australian citizen or Australian resident to hold an account with Great Southern Bank
About this account
For customers aged 18 to 24 years old. Receive bonus interest on balances up to $50,000 when you deposit $500 or more each month into your Everyday Edge Account from a non-Great Southern Bank account and make five or more Visa Debit Card purchases.
Data
- Great Southern Bank'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 26 October 2026.
- We read the bank's own page and terms against this page on 1 November 2026: goal-saver, interest-rates, great-southern-bank-terms-and-conditions.pdf; conditions they state and its feed does not are listed above.
/au/finance/savings-accounts/v1/brands/great-southern-bank.json: this bank's accounts and every balance band as JSON; Great Southern Bank's page lists them.- The bank last updated this record on 26 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 Great Southern Bank
- Everyday 50+ Accountstale savings account, 1.49% base at $50,000
- Everyday Saverstale savings account, 5.05% base at $50,000
- Future Saverstale savings account, 5.10% conditional at $50,000
- Home Saverstale savings account, 5.50% conditional at $50,000
- Youth eSaverstale savings account, 1.47% base at $50,000
- Everyday Accountstale transaction account, 0.00% base at $50,000
- Everyday Business Accountstale transaction account, 0.00% base at $50,000
- Everyday Edge Accountstale transaction account, 0.00% base at $50,000
- Everyday Youth Accountstale transaction account, 0.00% base at $50,000
All of Great Southern 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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