So, you're ready to start investing in your future by building your savings great! But do you know what kind of savings product is going to work best for you? With a huge range of products available with different features to suit different needs, it can be hard to know where to start.

Here's an overview of BankVic's savings products so you can find the one that suits you and your savings goals.

You want to be rewarded with a higher rate of interest for keeping your savings in place

If you're serious about your savings goals, BankVic’s Bonus Saver could help, with 4.60%p.a. interest (4.55% bonus plus 0.05% standard) when you deposit $100 per month and don't make any withdrawals.

  • no minimum balance
  • no minimum deposit
  • no account keeping fees
  • 60%p.a. interest paid monthly (4.55% bonus plus 0.05% standard)

Apply now.

You want to earn higher interest than a transaction account offers but still want to use the funds

EasyInvest is an online savings account where you can use the funds when you need them while earning the same rate of interest. EasyInvest offers 3.00%p.a. even if you transfer funds out of the account or have funds direct debited.

  • no minimum balance
  • no minimum deposit
  • no account keeping fees
  • 00%p.a. interest paid monthly

Apply now.

You’ve got a kid starting out on their savings journey

The Little Copper Club is a savings account for under 18s offering 3.95%p.a. and special awards to support savings habits. Members are eligible to win one of 11 Little Copper Savings Awards if they reach certain savings thresholds by 30 November each year. Little Coppers with a savings balance of $250 or more are eligible to win a $1,000 education grant. 

  • no minimum balance
  • no minimum deposit
  • no account keeping fees
  • interest calculated daily and paid every six months on 30 June and 31 December each year

You'll need your parent or guardian to apply on your behalf: apply now.

You want to make the most of your pension

If you receive an Australian Government pension (from Centrelink or the Department of Veterans’ Affairs), you could earn from 4.10%-4.45%p.a. on your account balance with a BankVic Pension Plus account, even if you make withdrawals.

  • no minimum balance
  • no minimum deposit
  • no account keeping fees
  • 10%p.a. interest on balances up to $51,800
  • 40%p.a. on balances of $51,800 and over
  • interest calculated daily and paid every six months on 30 June and 31 December each year

Apply now.

You have a deposit ready and a specific savings deadline

Term deposits can be a great option if you’ve already got a deposit ready and you want to build it to afford something specific; with a fixed interest rate, you’ll know exactly how much you’ll have at the end of the term.

With BankVic’s term deposits, in an emergency, you can withdraw your and won’t incur a fee (but you won’t earn interest at the term deposit rate). 

  • no account keeping fees or early withdrawal fees
  • minimum deposit of $5,000
  • various terms and interest rates available to suit your needs

Compare our term deposits  

We’re here to help

You can find more information on our savings products on our website. If you’d like to speak to us about which account suits you best, call us on 13 63 73.

Information in this article is general in nature and does not take into account your objectives, financial situation or needs. You should consider the appropriateness of this information and refer to the relevant Terms and Conditions or Product Disclosure Statement before acquiring a product.

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