The Capricornian Savings Accounts
*Bonus rate applies to the first $250,000 deposited. For new Saver customers only, offer is not available for existing or prior Saver/eASYSaver customers.
Intro 4 months then 1.40%
The Capricornian savings account interest calculator
Total interest earned
The Capricornian savings accounts rates
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USaver with Ultra
- Has no overseas ATM fees
- Has no international transaction fees
- Has no ongoing fees
- Has no minimum balances
A good rule of thumb when working out a minimum balance for your savings account is to make sure that you’ll earn more in annual interest on your savings than what you’ll be charged in annual fees.
If you’re saving with a specific goal in mind, prepare a budget so the interest you earn on your deposits will help you efficiently reach this goal. Online financial calculators may be helpful here.
It’s not usually possible to set up a direct debit from your savings account to cover ongoing expenses or bills, as savings accounts are structured around growing your wealth by earning interest on regular deposits, and discouraging withdrawals.
Some transaction accounts allow you to set up direct debits and also earn interest, though you may not enjoy as much flexibility as a dedicated transaction account, or get as high an interest rate as a dedicated savings account.