In this guide

  • Our verdict
  • Details
    • Key details
  • Key features
  • How to apply
  • Compare other savings accounts
  • Your reviews
  • Ask a question
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BankVic SMSF Saver

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Updated
Fact checked
BankVic SMSF Saver
Maximum variable rate
2.25% p.a.
Base interest rate
2.25%p.a.

Our verdict

Put the cash portion of your super to work in a flexible savings account with a competitive rate of interest.

BankVic is a recognised financial institution, which ensures that funds of up to $250,000 are guaranteed as per the Australian Government Guarantee Scheme.

Pros

  • Interest calculated daily and paid monthly
  • Unlimited deposit
  • Online access
  • Not required to maintain a minimum balance

Cons

  • Australian resident

In this guide

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

Aimed at those who manage their own superannuation fund, the BankVic SMSF Saver offers a high interest rate for the cash portion of your SMSF balance. Your balance will earn an ongoing, variable rate of 2.25% and there are no account keeping fees to pay.

Details

Key details

Product Name BankVic SMSF Saver
Maximum Variable Rate 2.25% p.a.
Standard Variable Rate 2.25% p.a.
Monthly Account Fee $0
Minimum Opening Deposit $0
Minimum Age 18

Key features

No account management fees

There are no account keeping or management fees charged to you with the SMSF Saver.

A competitive interest rate of 2.25%

On all portions of your balance up to $5,000,000 you will earn a competitive interest rate of 2.25%. This is a variable rate that is subject to change.

How to apply

Before you apply for this account, check you meet the eligibility criteria and have the necessary documents handy.

Eligibility

  • Minimum age. Applicants need to be at least 18 years of age.
  • Residency requirements. You must be a legal resident of Australia or an Australian citizen in order for your application to be accepted.

Compare other savings accounts

1 - 12 of 188
Updated regularly
Name Maximum Variable Rate p.a. Standard Variable Rate p.a. Intro/Ongoing Government Guarantee Monthly Max Rate Conditions
Ubank High Interest Save Account
Ubank logo
Maximum Variable Rate p.a.
5.50%
Standard Variable Rate p.a.
0.00%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $500
  • Savings up to $100,000
Go to siteView details
 Get 5.5% on your savings (up to $100K) when you deposit $500 per month. Get 5.00% on savings between $100K and $250K.
Rabobank High Interest Savings Account
Rabobank logo
Maximum Variable Rate p.a.
5.75%
Standard Variable Rate p.a.
4.40%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Balances up to $250,000
Go to siteView details
 Earn a high interest rate of 5.75% for the first 4 months and then 4.4% thereafter, with $0 account keeping fees and no monthly balance requirements.
ING Savings Accelerator ($150,000 - $500,000)
ING logo
Maximum Variable Rate p.a.
5.40%
Standard Variable Rate p.a.
4.70%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Welcome rate applies up to $500K
Go to siteView details
 Ideal for higher balances, savers can earn up to 4.7% for the first 4 months and up to 4.7% thereafter. There are no conditions and $0 account-keeping fees.
Ubank High Interest Save Account
Ubank logo
Maximum Variable Rate p.a.
5.50%
Standard Variable Rate p.a.
0.00%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $500
  • Savings up to $100,000
Go to siteView details
Rabobank High Interest Savings Account
Rabobank logo
Maximum Variable Rate p.a.
5.75%
Standard Variable Rate p.a.
4.40%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Balances up to $250,000
Go to siteView details
ING Savings Accelerator ($150,000 - $500,000)
ING logo
Maximum Variable Rate p.a.
5.40%
Standard Variable Rate p.a.
4.70%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Welcome rate applies up to $500K
Go to siteView details
Newcastle Permanent Smart Saver Account - Under 25s
Newcastle Permanent logo
Maximum Variable Rate p.a.
5.00%
Standard Variable Rate p.a.
0.05%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow balance
  • No more than 2 withdrawals
Go to siteView details
Macquarie Savings Account
Macquarie Bank logo
Maximum Variable Rate p.a.
5.35%
Standard Variable Rate p.a.
4.75%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Balances up to $250,000
Go to siteView details
Bank of Queensland Simple Saver Account
BOQ logo
Maximum Variable Rate p.a.
4.85%
Standard Variable Rate p.a.
4.85%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Balances up to $5,000,000
Go to siteView details
Suncorp Bank Growth Saver Account
Suncorp Bank logo
Maximum Variable Rate p.a.
5.05%
Standard Variable Rate p.a.
0.35%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow balance by $200 each month (excl. interest)
  • Only 1 withdrawal
  • No balance limit on earning interest
Go to siteView details
ING Savings Maximiser
ING logo
Finder Award
Maximum Variable Rate p.a.
5.50%
Standard Variable Rate p.a.
0.55%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $1,000
  • 5 transactions
  • Grow your balance
  • Balances up to $100,000
Go to siteView details
ME HomeME Savings Account
ME logo
Maximum Variable Rate p.a.
5.55%
Standard Variable Rate p.a.
0.55%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $2000
  • Grow balance
  • Balances up to $100,000
Go to siteView details
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Showing 12 of 15 results
Sources
  1. BankVic SMSF Saver information page
  2. BankVic SMSF Saver TMD

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Alison Finder

Editor

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Alison Banney

Editor

Alison Banney is the money editorial manager at Finder. She covers all areas of personal finance, and her areas of expertise are superannuation, banking and saving. She has written about finance for 10 years, having previously worked at Westpac and written for several other major banks and super funds. See full profile

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