Australian Unity's Freedom Saver ($50,000 - $250,000) has a competitive rate. But if you save beyond this amount you earn a lower rate on your whole balance.
The Australian Unity Freedom Saver account lets you earn a competitive rate on balances between $50,000 and $250,000. Learn more about this high interest savings account.
The Australian Unity Freedom Saver offers different rates depending on your account balance. If you save between $50,000 and $250,000 you can earn a rate of 5%. Apart from the balance requirement there are no other conditions required to get this rate.
If your balance exceeds $250,000 you will earn a lower interest rate on your whole balance.
| Product Name | Australian Unity Freedom Saver ($50,001 - $250,000) |
| Maximum Variable Rate | 5.00% p.a. |
| Standard Variable Rate | 5.00% p.a. |
Maximum variable interest rate of 5%
Australian Unity's Freedom Saver ($50,000 - $250,000) offers one interest rate based on your balance. But if you save more than $250,000 you'll get a lower rate on the whole amount.
There are no minimum deposits required each month and no withdrawal conditions.
The Freedom Saver has no minimum balance. There is a maximum balance of $250,000 - your interest rate will drop if you save more than that.
This account has no monthly or annual fee. There are no ATM fees if using a linked transaction account with any Big Four bank ATM.
You can open a single or joint Freedom Saver account.
This account also comes with a linked transaction account that offers smartphone payments (Apple Pay, Google Pay and Samsung Pay).
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.
You are eligible for the Australian Unity Freedom Saver account if:
Richard Finder
Editor
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Angus Kidman Finder
September 15, 2024
Hi Wes, Yes, if you know there’s going to be more than $50K in your account, then you’ll earn less with the Easy Saver and the Freedom Saver would be worth considering. It would make sense to compare other high-interest savings accounts too, as you may be able to earn more than the current 5.1% rate elsewhere.
George
June 02, 2024
Do you get interest monthly or yearly on amount up to $250,000
Sarah Megginson Finder
June 11, 2024
Hi George,
Interest is calculated on your account balance daily, with interest payments made monthly.
Hope this helps!
Skye
May 27, 2024
‘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.’ – does it mean I can’t open a saving account while I’m overseas?
Sarah Megginson Finder
May 28, 2024
Hi Skye,
If you’re an Australian resident and can verify your identity online, and your phone is set up to receive international phone calls, you can apply online from overseas.
Fiona
May 08, 2024
Where can I find information on the tiered rates:
50,000
100,000
150,000
Sarah Megginson Finder
May 24, 2024
Hi Fiona,
Right now there is no difference between these tiers. With this account you can get a variable interest rate of 5.10% p.a. on balances between $50,000 and $250,000. Over $250k up to $500k, the rate is 5.0%. These rates are current as of today.
David
April 22, 2024
Sorry I’m confused, can you confirm for balances < $50,000 the interest is also 5.10%?
Sarah Megginson Finder
April 24, 2024
Hi David,
The rate changes slightly with each amount tier. Currently for balances below $50,000, the interest rate is 5.2%.
Hope this helps!
Wes
September 11, 2024
I currently have an easy saver, would I be better off changing to the freedom saver.
I am about to be made redundant so there will be more than 50K in there.