Important disclosure
Incentive Saver Account
special
Add an extra 0.10% p.a. to your variable bonus rate for the first 3 months when you open onlineOffer available from 17/03/2023 for a limited time only. New Incentive Saver customers only. Offer may be varied or withdrawn at any time.
Winner of Best Savings Account Regular Savers, Best Savings Account Young Adults, RateCity Gold Awards 2023
Maximum rate
5.25%
p.a
intro 3 months then 5.15%*
Base rate
1.85%
p.a
5.25%
p.a
intro 3 months then 5.15%*
1.85%
p.a
Pros and cons
For Incentive Saver Account
Benefits
- Maximum interest rate ranked in the best 20% (conditions may apply)
- Ongoing bonus interest (conditions apply)
- Special intro rate
- No ongoing account fees
- No minimum balance
- Winner of 2023 RateCity Awards
Drawbacks
- Intro rate limited to 3 months
BankSA Rate Savings account overview
For Incentive Saver Account
Account Details
Maximum rate 5.25% p.a intro 3 months then 5.15%* | Minimum age restrictions |
Base rate 1.85% p.a | Maximum age restrictions |
Maximum rate condition *Grow your account balance by at least $50 each month to earn bonus interest (if you are under 21, grow your account balance by any amount each month) Read More | Minimum opening deposit $0 |
Interest calculation method Whole Balance | Target Market Determination Visit BankSA to view Target Market Determination. |
Features
Joint application available | Is online only |
Linked account required |
Methods of Access
Internet facility | ATM access |
Phone facility | Eftpos facility |
Branch access | App |
App only |
Fees
Account keeping fees $0 | Eftpos fee $0 |
ATM withdrawal fee $0 | Overseas eftpos fee $0 |
Internet transaction fee $0 | Over the counter deposit fee $0 |
Phone transaction fee $0 | Over the counter withdrawal fee $0 |
- Other Add an extra 0.10% p.a. to your variable bonus rate for the first 3 months when you open onlineOffer available from 17/03/2023 for a limited time only. New Incentive Saver customers only. Offer may be varied or withdrawn at any time.
Promoted savings accounts
Promoted
High Interest Save Account
Gold Award Winner 2023
*To earn bonus interest, you’ll just need to have a Spend account and deposit $200+ per month (not including internal transfers) into any of your Spend and Save accounts. Get the app and sign up in just minutes
5.10%*
p.a
0.10%
p.a