In this guide

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

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BCU Advantage Saver

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Maximum variable rate
2.20% p.a.
Base interest rate
1.8%p.a.

Summary

Australian seniors can take full advantage of an everyday account that provides multiple methods of access while paying you interest on the balance.

The BCU Advantage Saver is a combined access and savings account for aimed at Australians who are receiving a pension or are self-funded retirees. It can be used to fulfil all of your banking needs, earning interest on your savings while allowing you to access your money whenever needed. An accredited Australian credit union, BCU is able to guarantee deposits of up to $250,000 through the Government Financial Scheme.

Pros

  • Suitable for Aged Pensioner after the age of 55
  • Competitive tiered interest rate

Cons

  • Not available to all

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 BCU Advantage Saver
Maximum Variable Rate 2.20% p.a.
Standard Variable Rate 1.80% p.a.
Monthly Account Fee $0
Minimum Opening Deposit $0
Minimum Age 18

Key features

$0 Monthly account keeping fee

There is a monthly account keeping fee of $0 which will be waived if the available balance is $500 or more. You are permitted a certain number of transactions each month for free including those that are done within a branch, EFTPOS transactions and ATM withdrawals. The number of free transactions and amount charged to the account once the limit has been reached will depend on the type of membership you have with BCU.

One off membership fee of $10

All Australians are welcome to join the credit union but adults will be expected to pay for one share at a cost of $10.

How to apply

You can stop by your local BCU branch to complete an application for the Advantage Saver, or visit their website and complete an online enquiry form.

Eligibility

  • Minimum age. This account is only suitable for Australians aged 18 or older who are receiving certain government or personal pensions.
  • Residency requirements. Only residents or citizens of Australia are eligible for the Advantage Saver account.

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1 - 15 of 188
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Name Maximum Variable Rate p.a. Standard Variable Rate p.a. Intro/Ongoing Government Guarantee Monthly Max Rate Conditions
Ubank High Interest Save Account
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Maximum Variable Rate p.a.
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Standard Variable Rate p.a.
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Monthly Max Rate Conditions
  • Deposit $500
  • Savings up to $100,000
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 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
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Maximum Variable Rate p.a.
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Standard Variable Rate p.a.
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Intro/Ongoing
4 months
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Monthly Max Rate Conditions
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 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)
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Maximum Variable Rate p.a.
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Standard Variable Rate p.a.
4.70%
Intro/Ongoing
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Government Guarantee
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  • Welcome rate applies up to $500K
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 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
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Maximum Variable Rate p.a.
5.50%
Standard Variable Rate p.a.
0.00%
Intro/Ongoing
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Monthly Max Rate Conditions
  • Deposit $500
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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
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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
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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
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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
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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
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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
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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
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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
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Newcastle Permanent Smart Saver Account
Newcastle Permanent logo
Maximum Variable Rate p.a.
4.50%
Standard Variable Rate p.a.
0.05%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow balance
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First Option Bank Savings+Bonus Account
First Option Bank logo
Maximum Variable Rate p.a.
5.00%
Standard Variable Rate p.a.
2.00%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $100
  • No withdrawals
  • Balances up to $249,999
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IMB Reward Saver Account
IMB logo
Maximum Variable Rate p.a.
5.25%
Standard Variable Rate p.a.
0.00%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
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 Earn up to 3.25% p.a. after the introductory period ends.
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Sources
  1. BCU Advantage Saver information page
  2. BCU Advantage Saver TMD

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Alison Finder

Editor

Hi there, looking for more information? Ask us a question.

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Meryl Grew

July 08, 2016

Is it possible to open an advantage saver account on line, or must I visit a branch?


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Clarizza Fernandez Finder

July 08, 2016

Hi Meryl,


Thanks for your question.


Yes, you can apply to open the BCU Advantage Saver account on the BCU website.


Hope this helps.


Clarizza


Avatar

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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