How a Bonus Saver account can boost financial wellbeing

Saving money isn't always easy… between bills, life expenses, and unexpected surprises, setting money aside can quite often feel like a luxury. But it doesn’t have to be all or nothing – what if you could make your money work harder for you, just by changing the type of account you keep it in?

Enter the Bonus Saver account

A Bonus Saver is a type of savings account that rewards you for consistent, positive financial habits. Think of it as a savings partner that rewards you with extra interest when you take positive actions, e.g. depositing at least $100 a month and not withdrawing in that same month.

Here’s why that matters:

1. It encourages healthy habits

Bonus Savers reward behaviours like saving regularly or maintaining your account balance. It encourages good money management.

2. You can earn more – effortlessly

Transaction accounts linked to debit cards generally don’t provide interest on account balances. However, if money that is sitting in a transaction account earning little if no interest is moved to a Bonus Saver account, this can boost the interest accumulated. BankVic offers a higher level of interest on Bonus Saver balances to encourage individuals to hold their money with them. This is a win-win because of the passive interest income generated through savings which you didn’t have to work for!

3. It can help provide peace of mind

Knowing you're saving—and being rewarded for it—can help reduce anxiety around growing your financial nest egg. That can bring peace of mind. Saving is not just about the numbers; it’s about creating choices and breathing room to help safeguard you against the unknown. A Bonus Saver account helps you build that.

4. Helps your long-term financial wellbeing

 As your savings balance increases you may soon be able to consider investing in assets to build your financial wealth such as buying a property.

Small steps you can take today

To open a Bonus Saver account with BankVic if you don’t already have one:

  • You could consider setting up a small, automatic transfer from your everyday account each payday—even $10 can makes a difference.

  • Track your progress regularly and you will see how quickly the Bonus Saver interest accumulates.

You’re not just saving money—you’re investing in your future self. And with a Bonus Saver, you get a little more help along the way.

Opening a Bonus Saver 

To open a Bonus Saver account, simply visit bankvic.com.au, click “login” to access internet banking and then enter your member number and password. Alternatively, you can compare our accounts to find the right one for you.

We’re here to help 

If you have any questions, call us on 13 63 73.

This information is general only, does not consider your personal circumstances and you should consider its appropriateness & refer to the T&Cs, available on request, before acquiring the product. Fees & charges may apply & interest rates are subject to change.

Police Financial Services Limited ABN 33 087 651 661 - trading as BankVic | AFSL and Australian Credit License 240293.