Laboratories Credit Union Esaver Account

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Esaver Account is a savings account from Laboratories Credit Union. At $50,000 it pays 1.00% p.a. with no bonus conditions.

Rate tiers

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

Each rate is paid on the whole balance: the balance falls into one band and earns that band's rate.

Conditions

• not updated by the bank since 2026-03-31, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed

Features

app

yes

Osko

yes

PayID

yes

BPAY

yes

notifications

yes

Other features, in the bank's words:

• Sub accounts - For budgeting purposes, separate your funds into multiple accounts
• Government Guarantee - Under the FCS certain deposits are protected up to a limit of $250,000 for each account holder at any bank, building society, credit union or other authorised deposit-taking institution (ADI) that is incorporated in Australia and authorised by the Australian Prudential Regulation Authority (APRA).
• Overdrawn accounts (with a balance below $0.00) will be charged the current lending rate applicable to the account. See Lending Rates above.
• BPAYView - Receive your bills directly to your internet banking and pay with one click
• Sweep Facility - Automatically move funds between your accounts based on a minimum or maximum balance to be maintained on the specified account
• Receive international payment to your account through Western Union. No fee for sender or receiver.

Fees, limits and who can open it

monthly fee

no monthly fee stated

interest paid

half-yearly

interest calculated

daily

open to

personal customers

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

• residency: If not an Australian resident, you must complete a Tax Residency Declaration
• Must be a shareholder owning a $10 share. Each shareholder holds an equal share regardless of their balance. Shareholders have a say in how we are run. "Own your Bank". $10 share is refunded if you choose to close your account.
• To be eligible to join you must be at least 8 years of age and referred by a family member or friend who already has an account with LCU. Alternatively you may be eligible to join if you: work or live in the greater Ryde area; have an association with Riverside Corporate or Macquarie Park; or work in a STEM industry.

About this account

Maximise your interest return with an online savings account for balances over $1000

Data

• Laboratories Credit Union'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: esaver-account, disclosure-documents, Interest-Rate-Brochure_08092026.pdf, Summary-of-Accounts-Availability.pdf; conditions they state and its feed does not are listed above.
• /au/finance/savings-accounts/v1/brands/laboratories-credit-union.json: this bank's accounts and every balance band as JSON; Laboratories Credit Union's page lists them.
• The bank last updated this record on 31 March 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 Laboratories Credit Union

• Savvy Saver savings account, 4.36% conditional at $50,000
• Young and Free Student Account savings account, 1.09% base at $50,000
• Everyday Transaction Accountstale transaction account, 0.01% base at $50,000

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