Gateway Bank savings accounts

Compare all the banking and savings products Gateway Bank Ltd have to offer so you can save money.

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Gateway Bank Ltd

Gateway Bank deposit accounts

Name Maximum Variable Rate p.a. Base interest rate Intro/Ongoing Government Guarantee Monthly Max Rate Conditions
Gateway Bank Goal Saver
Gateway Bank Ltd logo
Maximum Variable Rate p.a.
3.60%
Standard Variable Rate p.a.
0.10%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow balance by $250 each month
  • Balances up to $100,000
Gateway Bank Ltd eMax Saver
Gateway Bank Ltd logo
Maximum Variable Rate p.a.
3.45%
Standard Variable Rate p.a.
3.45%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Balance $1000 and over
Gateway Bank Edge Account
Gateway Bank Ltd logo
Maximum Variable Rate p.a.
1.60%
Standard Variable Rate p.a.
0.10%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Balance $1000 and over
Gateway Bank Ltd Dollaroo Kids Account
Gateway Bank Ltd logo
Maximum Variable Rate p.a.
3.25%
Standard Variable Rate p.a.
3.25%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
Gateway Bank Christmas Club
Gateway Bank Ltd logo
Maximum Variable Rate p.a.
2.50%
Standard Variable Rate p.a.
2.50%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
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Showing 5 of 5 results
Name Monthly fee Govt. Guarantee Own network ATM fee Card type
Gateway Bank Edge Transaction Account
Gateway Bank Ltd logo
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
Gateway Bank 100% Offset Account
Gateway Bank Ltd logo
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
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Showing 2 of 2 results

Name 3 Mths p.a. 4 Mths p.a. 5 Mths p.a. 6 Mths p.a. 7 Mths p.a. 11 Mths p.a. 12 Mths p.a. 24 Mths p.a.
Gateway Bank Term Deposit
Gateway Bank Ltd logo
$1,000 min. deposit$999,999 max. deposit
3 Mths p.a.
4.90%
4 Mths p.a.
0.70%
5 Mths p.a.
0.70%
6 Mths p.a.
5.05%
7 Mths p.a.
1.20%
11 Mths p.a.
1.10%
12 Mths p.a.
4.95%
24 Mths p.a.
1.60%
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Showing 1 of 1 results

1 - 12 of 186
Name Maximum Variable Rate p.a. Base interest rate Intro/Ongoing Government Guarantee Monthly Max Rate Conditions
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
Go to siteView details
Ideal for higher balances, savers can earn up to 5.4% for the first 4 months and up to 4.7% thereafter. There are no conditions and $0 account-keeping fees.
Rabobank High Interest Savings Account
Rabobank logo
Maximum Variable Rate p.a.
5.60%
Standard Variable Rate p.a.
4.35%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Balances up to $250,000
Go to siteView details
Ubank High Interest Save Account
Ubank logo
Maximum Variable Rate p.a.
5.50%
Standard Variable Rate p.a.
0.00%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $500
  • Savings up to $100,000
Go to siteView details
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
Go to siteView details
Macquarie Savings Account
Macquarie Bank logo
Maximum Variable Rate p.a.
5.35%
Standard Variable Rate p.a.
5.00%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Balances up to $250,000
Go to siteView details
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
Go to siteView details
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
Go to siteView details
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
  • No more than 2 withdrawals
Go to siteView details
ING Savings Maximiser
ING logo
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
Go to siteView details
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
  • Deposit $50
  • No withdrawals
  • Balances up to $1,000,000
Go to siteView details
Earn up to 3.25% p.a. after the introductory period ends.
Rabobank PremiumSaver
Rabobank logo
Maximum Variable Rate p.a.
5.35%
Standard Variable Rate p.a.
1.45%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow your balance by $200+ each month
  • Balances up to $250,000
Go to siteView details
St.George Incentive Saver
St.George Bank logo
Maximum Variable Rate p.a.
5.25%
Standard Variable Rate p.a.
1.85%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow balance $50 ($0.01 if under 21)
  • Balance up to $249,999.99
Go to siteView details
Extra 0.10% p.a. for 3 months for new customers who apply online, with balances under $250,000.
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Showing 12 of 12 results
Finder Awards badge

Congratulations, Gateway Bank!

Gateway Bank Term Deposit received the highly commended award for 'Term Deposit (12 month)' in the 2024 Banking Product Awards.

Full list of 2024 winners

Quick facts about Gateway Bank

  • Gateway Bank Ltd began operations in 1955, and it became the C.B.O.A Credit Union Co-operative Ltd in 1959. It took to its current name of Gateway Bank in 1998.
  • This credit union now has assets in excess of $800 million and more than 40,000 members. Membership is open to all Australians.
  • Gateway Bank is owned by members, not shareholders.
  • Gateway Bank is focused on offering greened banking products, such as its debit card made from plant-based material, not plastic.
  • This credit union also offers personal loans, car loans, home loans, personal overdrafts and insurance solutions.

What accounts are provided by Gateway Bank?

  • Everyday Savings Account

This account does not attract any ongoing account keeping fees, and its lets you make unlimited transactions. You can get an optional Visa debit card by paying a monthly fee of $5, which you don’t have to pay if you have a home loan with this credit union. This account allows direct credit and debits, you can pay bills using BPAY and you can access funds in your account via online and phone banking. Account holders stand to earn tiered interest in accordance to their account balance.

  • eMax Saver Account

This savings account offers a competitive interest rate when your account balance remains over $1,000. You don’t have to pay any account keeping fees and you can make unlimited deposits and withdrawals. Access to money in your account comes via online and phone banking and you can use BPAY to pay bills. You can use this account to set up direct debits and credits.

  • Edge Overdraft Account

You stand to earn a competitive interest rate if the balance in your account exceeds $1,000, and you don’t have to pay any account keeping fees. You can make as many deposits and withdrawals as you like. Access to money in your account comes through a Visa debit card as well as online and phone banking. You can use BPAY to pay bills, and you can set up direct credits and debits.

The overdraft facility is optional and subject to approval. The minimum and maximum limits are $1,000 and $20,000, respectively. A loan establishment fee applies.

  • Dollaroo Savings Account

This account is for children up to 16 years of age and does not charge any account keeping fees. It offers a competitive interest rate, and account holders can make unlimited deposits and withdrawals.

  • Term Deposit

You can open a Gateway Bank Ltd term deposit with a minimum of $1,000 and the term can vary in between three months and five years. Your money remains locked away for the chosen term, while earning competitive interest. These term deposits don’t attract any ongoing account keeping fees.

What are the pros and cons of Gateway Bank?

Pros

  • No account keeping fees. Gateway Bank Ltd everyday and savings accounts don’t attract any ongoing account keeping fees, which can lead to noticeable long-term savings.
  • Unlimited transactions. No matter which everyday or savings accounts you choose, you don’t have to worry about any restrictions on the number of transactions you can make.
  • Optional overdraft facility. If you think you may need extra money from time to time, you can consider applying for the overdraft facility that comes with the Edge Overdraft Account. With this facility, you pay interest only on the money you use.

Cons

  • Limited physical presence. This credit union’s limited physical presence can work as a drawback for people who prefer banking in person.

How do I apply for Gateway Bank Ltd savings accounts?

You can initiate the application process for a Gateway Bank Ltd account online, and to do so now simply click on the ‘Go to Site’ button. Before applying, make sure you meet required eligibility criteria, as listed below:

  • You reside in Australia
  • You meet any given age requirement

Completing the application requires that you provide the following information:

  • Your name, residential address, email address and phone number
  • Your date of birth
  • Details from an acceptable form of identification document such as a driver’s license or passport
  • Your tax file number (not necessary)

If you haven't found what you're looking for yet, you can compare a wide range of additional savings accounts and bank accounts from other providers with Finder.

Compare other products from Gateway Bank

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Publisher

Shirley Liu is Finder's global program manager. She was previously the publisher for banking and investments and has also written comparisons for energy, money transfers, Uber Eats and many other topics. Shirley has a Master of Commerce and a Bachelor of Media, Journalism and Communications from the University of New South Wales. She is passionate about helping people find the best deal for their needs. See full bio

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10 Responses

    Default Gravatar
    GrahamJanuary 13, 2024

    I have 20700 to invest want best rate over 12 months int paid at end of term can you advise on where to invest have been looking at military bank at 5.15 is this good THANKS. GRAHAM

      AvatarFinder
      JasonJanuary 16, 2024Finder

      Hi Graham,

      We have a page on term deposits that you might find useful to find the best 12-month rates.

      I hope that helps.

    Default Gravatar
    GayeMay 3, 2023

    Can a term deposit be in joint names and is there a limit $ on the government bank guarantee

      AvatarFinder
      AlisonMay 10, 2023Finder

      Hi, yes term deposits can be held in joint names. The government guarantee covers $250k per person, per ADI. So If you had a joint account with 2 account holders, both account holders would be covered for up to $250k each.

    Default Gravatar
    LyndallApril 12, 2023

    Is your deposit of 250k into a fixed term deposit covered by the government bank guarantee?

      AvatarFinder
      RajApril 12, 2023Finder

      Hi Lyndall,
      Thanks for contacting Finder.

      Yes it is covered under the bank guarantee.

      Thanks
      Raj

    Default Gravatar
    JennyFebruary 9, 2023

    Are funds secured by Govt

      AvatarFinder
      AlisonFebruary 22, 2023Finder

      Hi Jenny,
      Yes, your deposit up to $250k is covered by the government bank guarantee.
      Thanks,
      Alison

    Default Gravatar
    royFebruary 2, 2023

    A Will I be covered under the government guarantee?

      AvatarFinder
      AlisonFebruary 22, 2023Finder

      Hi Roy,

      Yes, your deposit up to $250k is protected under this scheme.

      Thanks,
      Alison

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