In this guide

  • Review
  • Details
    • Key details
  • Key features
  • How to apply
  • Compare other savings accounts
  • Your reviews
  • Ask a question
Border Bank Bonus Saver Account

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Maximum variable rate
4.55% p.a.
Base interest rate
0.05%p.a.
Minimum deposit
$100

Summary

Earn bonus interest each month you deposit $100 and make no withdrawals.

The Border Bank Bonus Saver is a fee-free savings account that encourages you to grow your savings by paying bonus interest when you deposit money. You can earn an ongoing bonus interest rate of 4.55% when you make no withdrawals and deposit 100 or more each month.

If you don't meet the criteria for bonus interest one month, you can still be eligible the following month.

Pros

  • Low monthly deposit requirement
  • Bonus rate is ongoing each month
  • No monthly spend requirement

Cons

  • Withdrawal restrictions apply
  • Very low standard variable rate if conditions aren't met

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 Border Bank Bonus Saver Account
Maximum Variable Rate 4.55% p.a.
Standard Variable Rate 0.05% p.a.
Monthly Account Fee $0
Minimum Opening Deposit $0
Minimum Age 18

Key features

Earn up to 4.55% bonus interest each month

You can earn an ongoing bonus rate of 4.55% each month you meet the account conditions (outlined below). If you don't meet the conditions one month, you can still be eligible for bonus interest the following month.

Bonus interest conditions

To get the bonus interest, simply deposit at least 100 every month to the Border Bank Bonus Saver and make no withdrawals.

No fees

The Border Bank Bonus Saver is free to open and you'll pay no monthly account keeping fees.

How to apply

Visit Border Bank website to start a secure online application for the Border Bank Bonus Saver. The application for a Border Bank Bonus Saver can be completed in under 10 minutes.

Eligibility

    • Existing Border Bank members. If you're already a member of Border Bank, you can enter your membership number and your name, you'll be directed to the product selection page where you can add the Bonus Saver to your Border Bank membership.

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ING Savings Accelerator ($150,000 - $500,000)
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Newcastle Permanent Smart Saver Account
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ING Savings Maximiser
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Maximum Variable Rate p.a.
5.50%
Standard Variable Rate p.a.
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Maximum Variable Rate p.a.
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Standard Variable Rate p.a.
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First Option Bank Savings+Bonus Account
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Maximum Variable Rate p.a.
5.00%
Standard Variable Rate p.a.
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Government Guarantee
Monthly Max Rate Conditions
  • Deposit $100
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BCU Bonus Saver
BCU logo
Maximum Variable Rate p.a.
5.00%
Standard Variable Rate p.a.
1.00%
Intro/Ongoing
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Government Guarantee
Monthly Max Rate Conditions
  • N/A
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Sources
  1. Border Bank Bonus Saver Account information page
  2. Border Bank Bonus Saver Account TMD

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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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