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Bank Australia Christmas Saver Account

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Updated
Bank Australia Christmas Saver Account
Maximum variable rate
1.75% p.a.
Base interest rate
1.75% p.a.

Summary

With the Christmas Saver Account from Bank Australia you can rest assured knowing that everyone on your list will have a stocking full of treats.
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Start saving in February and with a competitive interest rate from Bank Australia, you won’t need a credit card to make your holiday purchases. The Christmas Saver Account is structured to encourage you to save by keeping your shopping money locked away until the end of October when the holiday season gets underway.

Pros

  • $0 monthly account keeping fee
  • $0 minimum balance to maintain on this account
  • Receive a fee-free transactions in a year

Cons

  • Need to be at least 18 years of age
  • Need to be an Australian resident

In this guide

  • Review
  • Details
    • Key details
  • Key features
  • How to apply
  • Compare other savings accounts
  • Your reviews
  • Ask a question

Details

Key details

Product Name Bank Australia Christmas Saver Account
Maximum Variable Rate 1.75% p.a.
Standard Variable Rate 1.75% p.a.
Monthly Account Fee $0
Minimum Opening Deposit $0
Minimum Age 13

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Bank Australia

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Key features

Minimum ongoing balance

There is no minimum balance that you are required to meet with this account.

Interest rates

Your balance is earning a competitive rate of interest to help further your Christmas goals.

How to apply

Eligibility

If you like the features that the Bank Australia Christmas Saver Account provides for you and are already a Bank Australia customer you can apply online with internet banking. If you are not yet a member of Bank Australia you will need to fill out a member application first, which you can access by visiting Bank Australia website. Check that you are able to meet the following eligibility requirements first before proceeding to the application:

  • Minimum age. In order to complete the application online you will need to be at least 18 years of age.
  • Residency requirements. Members and account holders must be Australian residents with a residential address in Australia.

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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?

Read the full Finder Score breakdown

Sources
  1. Bank Australia Christmas Saver Account information page
  2. Bank Australia Christmas Saver Account TMD

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Alison Finder

Editorial Manager, Money

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Alison Banney

Editorial Manager, Money

Alison is an editor at Finder and a personal finance journalist with over 10 years of experience, having contributed to major financial institutions and publications such as Westpac, Money Magazine, and Yahoo Finance. She is frequently quoted in media outlets like SmartCompany and SBS, offering expert insights on superannuation and money management. Alison holds a Bachelor of Communications in Public Relations and Journalism from the University of Newcastle, and has earned three ASIC RG146 certifications in superannuation, securities and managed investments and general financial advice, ensuring her expertise is fully aligned with ASIC standards. See full profile

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