Australian Unity Freedom Saver
- Maximum variable rate
- 5.10% p.a.
- Base interest rate
- 5.1%p.a.
Our verdict
Australian Unity's Freedom Saver offers a strong interest rate with no withdrawal and deposit conditions, plus zero monthly fees.
The Australian Unity Freedom Saver account has one of the higher ongoing interest rates on the market. And on top of that it has no monthly account fees and no withdrawal or deposit conditions. This means you can earn the maximum interest rate just by putting your savings in the account.
The only downside is that the interest rate decreases for higher balances. So any money you put there above $50,000 earns interest at a lower rate.
Pros
-
Competitive interest rate
-
No deposit or withdrawal conditions
-
No monthly fees
Cons
-
The maximum interest rate only applies to the first $50,000
Details
Product details
| Product Name | Australian Unity Freedom Saver (Up to $50,000) |
| Maximum Variable Rate | 5.10% p.a. |
| Standard Variable Rate | 5.10% p.a. |
| Monthly Account Fee | $0 |
| Minimum Opening Deposit | $0 |
| Minimum Age | 16 |
How to apply
You can apply online in a few minutes. Australian Unity will call you within 3 days to let you know if your application is approved.
Eligibility
You are eligible for the Australian Unity Freedom Saver account if:
- You are 16 years of age or older
- You are an Australian citizen or resident
Documents you'll need
- Identification. This can be a driver's licence, passport or Medicare card.
- Your address. You'll need to provide your residential address.
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How the Finder Score helps you find a better savings account
The Finder Score is a simple score out of 10. The higher a savings account's score, the better we think it is for the average customer.
We score each savings account in our database of hundreds based on a data-driven methodology with 2 main criteria: Does the account offer a high interest rate? And is it easy for savers to actually earn that rate?
Your reviews
Richard Finder
Editor
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Sarah Megginson Finder
September 09, 2024
Hi Peter,
Yes, yes interest is calculated daily and paid monthly.
Hope this helps!
Peter
April 15, 2024
Do you provide govt deposit guarantee and if yes for how much?
Sarah Megginson Finder
April 23, 2024
Hi Peter, Yes Australian Unity is covered by the guarantee on balances up to $250,000 per person.
Peter
August 28, 2024
Does this savings account attract daily compound interest?