Greater Bank savings and bank accounts

Newcastle-based Greater Bank offers a couple of different everyday bank accounts as well as two types of savings accounts.

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Greater Bank savings accounts, bank accounts and term deposit.

Name Maximum Variable Rate p.a. Standard Variable Rate p.a. Intro/Ongoing Government Guarantee Monthly Max Rate Conditions
Greater Bank Life Saver
Greater Bank logo
Maximum Variable Rate p.a.
4.75%
Standard Variable Rate p.a.
4.75%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow balance
View details
Greater Bank Bonus Saver
Greater Bank logo
Maximum Variable Rate p.a.
4.00%
Standard Variable Rate p.a.
0.00%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $1
  • No withdrawals
View details
Greater Bank Cash Management Account
Greater Bank logo
Maximum Variable Rate p.a.
0.01%
Standard Variable Rate p.a.
0.01%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
View details
Greater Bank Retirement Plus
Greater Bank logo
Maximum Variable Rate p.a.
2.40%
Standard Variable Rate p.a.
2.40%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
View details
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Showing 4 of 4 results
Name Monthly fee Govt. Guarantee Own network ATM fee Card type
Greater Bank Access Account
Greater Bank logo
Apple Pay Google Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
More Info
Greater Bank Ultimate Access Account
Greater Bank logo
Apple Pay Google Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
More Info
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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.
Greater Bank Term Deposit $5,000
Greater Bank logo
$5,000 min. deposit
3 Mths p.a.
4.00%
4 Mths p.a.
4.00%
5 Mths p.a.
4.00%
6 Mths p.a.
4.75%
7 Mths p.a.
3.80%
11 Mths p.a.
-
12 Mths p.a.
4.55%
24 Mths p.a.
4.00%
More Info
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Showing 1 of 1 results
1 - 10 of 10
Name Maximum Variable Rate p.a. Standard Variable Rate p.a. Intro/Ongoing Government Guarantee Monthly Max Rate Conditions
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
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
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.
5.50%
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
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
Get 6 months free delivery and $50 Menulog credit with a new Orange Everyday & Savings Maximiser account. New ING customers only. Use code INGMENU1 and activate accounts by 24 Nov 2024. T&Cs apply.
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.
First Option Bank Savings+Bonus Account
First Option Bank logo
Maximum Variable Rate p.a.
5.00%
Standard Variable Rate p.a.
2.00%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $100
  • No withdrawals
  • Balances up to $249,999
Go to siteView details
BCU Bonus Saver
BCU logo
Maximum Variable Rate p.a.
5.00%
Standard Variable Rate p.a.
1.00%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • N/A
Go to siteView details
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Showing 10 of 10 results

Quick facts about Greater Bank

  • Greater Bank is a member-owned, mutual bank that has been operating for more than 75 years.
  • Greater Bank is based in Newcastle, New South Wales
  • It started off as a Greater Building Society with a focus on mortgages, and transitioned into Greater Bank in 2016
  • Greater Bank has more than 260,000 customers and more than $7 billion in assets under management

Accounts offered by Greater Bank

Greater Bank Access Account

This is a low-fuss everyday account that has no account keeping fees. You can choose between a Visa debit card or Access card for withdrawals and purchases with low fees for your transactions.

Read our full review of the Greater Bank Access Account.

Greater Bank Ultimate Access Account

This account does charge a monthly account keeping fee, however this is waived each month you deposit at least $2,000. If you meet the monthly deposit requirement there will also be no transaction fees.

Read our full review of the Greater Bank Ultimate Access Account.

Greater Bank Bonus Saver

This bonus saver accounts lets you earn a higher interest rate on your savings by making one deposit into the account each month and no withdrawals.

Read our full review of the Greater Bank Bonus Saver Account.

Greater Bank Life Saver

A Life Saver account can be opened by anyone under the age of 25. It pays a competitive interest rate on your savings each month that you grow your balance by any amount. You can keep the account once you're older than 25, but you need to be under 25 to open it in the first place.

Read our full review of the Greater Bank Life Saver Account.

Greater Bank Term deposit

You can open a term deposit with Greater Bank with as little as a $1,000 investment. Your money will be locked away for the length of the term you choose, which range from one month to five years, with a fixed interest rate. You can also choose to have monthly interest payments made directly to you, adding a little more to your income.

Read our full review of the Greater Bank Term Deposit.

Different ways to bank with Greater Bank

Greater Bank offers many different ways to do your banking.

Greater Bank bank branches

Greater Bank has roughly 50 bank branches spread across NSW and QLD. The large majority are based in the Hunter New England region and the Central Coast, with only 2 in Sydney.

Greater Bank ATM network

Greater Bank has roughly 100 ATMs around NSW and south-east QLD. Customers can also withdraw cash from 10,000 Westpac, CommBank and NAB ATM's for free with their Australian debit card.

Bank@Post

If you need to deposit cash into your account and don't have a branch , you can do this at a participating Australia Post shop using Bank@Post. It's free to deposit cash into your account this way.

Greater Bank Internet and mobile banking

Greater Bank Internet Banking can be used 24/7 to monitor your accounts, move money between accounts, pay bills, download recent statements and apply for new Greater Bank products.

The Greater Bank app is free to download and can be used to manage your accounts anywhere at anytime. The app has a 4 star rating in the Google Play store, and a 3.3 star rating on the App Store.

Greater Bank contactless payment options

Greater Bank offers Google Pay and Apple Pay to customers with a Greater Bank debit card.

Pros and cons of banking with Greater Bank

Pros

  • Avoid account keeping fees. There are no account keeping fees on the Access account, and the fee can also be waived on the Ultimate Access Account if you meet the conditions.
  • ATMs and branches. Greater Bank still offers more than 100 branches and ATMs for customers in NSW and south-east QLD.
  • Variety of accounts. Greater Bank offers more than just the one transaction account, so you can choose which is right for you.
  • Savings rates. The Life Saver account often offers a competitive savings rate compared to others in the market.

Cons

  • Not Australia-wide. Greater Bank has no branches or ATMs outside of NSW and QLD, and some accounts require you to be based in these states.
  • Monthly deposit condition. There is a large monthly deposit condition to meet with the Ultimate Access Account in order to have the fees waived.

How to apply for a Greater Bank account online

You can apply for a new account online in less than 10 minutes. Just make sure you meet the eligibility criteria and have the necessary documents handy before you start your application.

Eligibility

  • You're over 18 years old
  • You're an Australian resident for tax purposes
  • You have an Australian phone number and residential address

Documentation

  • Personal details like your name, date of birth, residential address, phone number and email address
  • ID documents such as your driver's licence, Medicare card, passport or proof-of-age card

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 Greater Bank

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Written by

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 bio

Alison's expertise
Alison has written 626 Finder guides across topics including:
  • Superannuation
  • Savings accounts, bank accounts and term deposits
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  • Managing the cost of living

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6 Responses

    Default Gravatar
    TatianaNovember 24, 2022

    Do you have a Government Guarantee for investment up to 250000.00?

      AvatarFinder
      AlisonDecember 2, 2022Finder

      Hi Tatiana,

      Yes, your deposit of up to $250k in a Greater Bank term deposit or savings account is included in the government guarantee scheme.

      Thanks,
      Alison

    Default Gravatar
    CraigNovember 3, 2022

    Iam ready to retire, and wanted to get the best interest for my money because have 5 years before l get a pension.do you have any ideas on your best investment for a weekly payment.

      AvatarFinder
      AlisonNovember 11, 2022Finder

      Hi Craig,

      If you’re looking at Greater Bank it does offer a few interest-earnings accounts. There’s a Bonus Saver Account or a Term Deposit.

      The savings account pays interest monthly (provided you meet the account conditions) and the Term Deposit pays interest monthly, six-monthly, or at maturity (not weekly).

      Hope that helps,
      Alison

    Default Gravatar
    AdeleDecember 30, 2021

    Does greater bank do careless cash

      AvatarFinder
      AlisonJanuary 12, 2022Finder

      Hi Adele,

      No. However, they currently offer mobile wallets which allow you to make contactless payments.

      Best,
      Alison

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