There's no requirement to save on a regular basis to earn interest, so this account is quite flexible.
Easy Street Easy Savings Account
- Maximum variable rate
- 2.00% p.a.
- Base interest rate
- 2%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
Details
Key details
| Product Name | Easy Street Easy Savings |
| Maximum Variable Rate | 2.00% p.a. |
| Standard Variable Rate | 2.00% p.a. |
| Monthly Account Fee | $0 |
| Minimum Opening Deposit | $2 |
| Minimum Age | 18 |
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Alison Finder
Editor
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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 The introductory rate offer can change or be withdrawn at any time and will end on 31 October 2017.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.
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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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%?