In this guide

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

Beyond Bank Community Reward Account

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Updated
Beyond Bank Community Reward Account

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Maximum variable rate
2.65% p.a.
Base interest rate
2.1%p.a.
Minimum deposit
$0

Summary

A savings account that sends a portion of your annual balance to a charity or community organisation.

The Beyond Bank Community Reward Account is a savings account that lets you earn some interest. What makes this account unique is that you nominate a registered charity or community organisation. And then every year the bank donates a portion of your account's average annual balance to that organisation.

Pros

  • Give back to the community
  • Nominate a registered not-for-profit group
  • No monthly account keeping fee

Cons

  • Tiered interest rate structure

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 Beyond Bank Community Reward Account
Maximum Variable Rate 2.65% p.a.
Standard Variable Rate 2.10% p.a.
Monthly Account Fee $0
Minimum Opening Deposit $0
Minimum Age 18

Key features

Minimum balance

This account does not have a minimum balance requirement.

Account keeping fees

You don't have to pay any monthly account keeping fees to use this savings account.

How to apply

Eligibility

You can apply for the Community Reward Account by visiting any Beyond Bank branch, you can get started over the phone or you can submit an online enquiry. To enquire online or to locate your nearest branch, visit Beyond Bank website. To open this account, you have to meet basic eligibility criteria:

  • Residency requirements. You are a resident of Australia and have an Australian residential address
  • Depository requirements. This account does not require you to maintain a minimum ongoing balance.

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ING Savings Maximiser
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St.George Bank logo
Maximum Variable Rate p.a.
5.25%
Standard Variable Rate p.a.
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Sources
  1. Beyond Bank Community Reward Account information page
  2. Beyond Bank Community Reward Account TMD

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Alison Finder

Editor

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

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P2L

November 13, 2017

Hi does the charitable organisation have to be in Australia?

If it is overseas how do you transfer the money to the organisation overseas?


Avatar

Rench Finder

November 14, 2017

Hi,


Thanks for your inquiry. Please note that we are not affiliated with Beyond Bank or any company we feature on our site and so we can only offer you general advice.


If you are referring to Beyond Bank Community Reward Savings Account, you can send money overseas quickly and reliably using our International Transfer service. This can be done at a Beyond Bank branch or over the internet using our Internet Banking service.


You may contact Beyond Bank directly for further assistance or visit their official site.


Cheers,

Rench


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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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