Laboratories Credit Union Savvy Saver

savings accountterms checked

Savvy Saver is a savings account from Laboratories Credit Union. At $50,000 it pays 4.36% p.a. in a month in which the conditions below are met and 0.01% 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.

Conditions

• the bonus rate needs deposits of at least $200 in the month and no withdrawals in the same month; otherwise only the 0.01% base rate is paid

Features

app

yes

Osko

yes

PayID

yes

notifications

yes

Other features, in the bank's words:

• BPAYView - Receive your bills directly to your internet banking and pay with one click
• 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).
• Receive international payment to your account through Western Union. No fee for sender or receiver.
• Send International Payments self serve through your internet banking or staff assisted
• International exchange on foreign cheques and cash
• International purchase foreign draft

Fees, limits and who can open it

monthly fee

no monthly fee stated

interest paid

monthly

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

Reach your savings goals faster with bonus interest rate by making a minimum deposit of $200 and no withdrawals during the month

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 6 November 2026.
• We read the bank's own page and terms against this page on 1 November 2026: savvy-saver-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 6 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 Laboratories Credit Union

• Esaver Accountstale savings account, 1.00% base 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.