Easy Street Easy Savings Account

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Updated
Fact checked
Easy Street Easy Savings
3.7
Finder Score
Basic

This product is not currently available via Finder. Visit the provider's website directly, or compare other options.

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Maximum variable rate
1.75% p.a.
Base interest rate
1.75% p.a.
Minimum deposit
$0

Our verdict

Easy Street's Easy Savings Account charges no fees and has a competitive rate.

The Easy Savings Account has no minimum balance or fees, making it an easy and flexible way to earn interest on your savings.

Pros

  • No fees at all to pay
  • No special conditions need to be met to earn interest
  • Make as many withdrawals as you need and still earn interest

Cons

  • Minimum age of 18 to open an account
  • No branch access

In this guide

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

There's no requirement to save on a regular basis to earn interest, so this account is quite flexible.

Details

Key details

Product Name Easy Street Easy Savings
Maximum Variable Rate 1.75% p.a.
Standard Variable Rate 1.75% p.a.
Monthly Account Fee $0
Minimum Opening Deposit $2
Minimum Age 18

Key features

Interest rate up to 1.75%

You'll enjoy an ongoing interest rate of 1.75% with this stress-free savings account. Plus, you don't need to meet any deposit requirements to earn interest.

Interest rate calculation

The interest is calculated at the close of every day and paid to your account monthly.

How to apply

If you would like to take advantage of this account, you can start an application online.

Eligibility

There are some requirements which you should check first to make sure that you qualify for the Easy Street Easy Savings Account:

  • Community First Credit Union membership. Easy Street is a brand operated by Community First Credit Union. For this reason you must first become a shareholder and member by completing their online membership form and paying a $2 shareholder fee.
  • Age requirement. You must be at least 18 years of age to open the Easy Savings Account.

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Macquarie Savings Account
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How the Finder Score helps you find a better savings account

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. Easy Street Easy Savings Account information page
  2. Easy Street Easy Savings Account TMD

Your reviews

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Ask a question

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Alison Finder

Editorial Manager, Money

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Avatar

John

September 14, 2017

It is not clear what to do to earn the bonus interest on the easy saving account. In other words what do I have to do different between earning 2% on this account and earning 3%?


Avatar

May Finder

September 14, 2017

Hi John,


Thank you for your inquiry.


As of this writing, this Easy Street Easy Savings has an introductory rate of 3.00% p.a. (maximum variable rate) that includes a 1.00% p.a. bonus in addition to the standard variable rate of 2.00% p.a. There’s no condition in order this maximum variable rate to be met. It is available (only) for the first 6 months from opening the Easy Savings Account and on all balances.


Please note though that this offer commenced on 1 August 2017 and is available on our Easy Savings Account for new accounts and new deposits only. The introductory rate offer can change or be withdrawn at any time and will end on 31 October 2017. After 6 months, the standard variable rate applies.


Hope this helps.


Cheers,

May


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doug

August 31, 2017

Hi. What would my SMSF earn if we deposited $410,000 for 6 months.


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Joanne ibarreta Finder

August 31, 2017

Hi Doug,


Thanks for contacting finder.

For you to get a clearer picture on how much your SMSF would earn in a specific timeframe, please refer to this link https://www.finder.com.au/self-managed-super-funds/smsf-term-deposit and manually enter the deposit and number of months to calculate estimated earnings.


Cheers,

Joanne


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Avatar

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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