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Our rates and fees

See our rates and fees for home loans, banking, saving and insurance.

Rates Table

Home Buying - Owner Occupied

  • First Home Buyer Package
    Base Rate (% PA)
    Comparison Rate (% PA)
    Variable rate
    3.07%
    3.07%
    1 year fixed rate
    2.50%
    3.02%
    2 year fixed rate
    2.50%
    2.97%
    3 year fixed rate
    2.50%
    2.93%
    4 year fixed rate
    2.70%
    2.95%
    5 year fixed rate
    2.70%
    2.92%
    First Home Buyer Silver Credit Card
    3.07%
    1. (1) The First Home Buyer Package (FHBP) Loan is available on the purchase of a first home, on owner-occupied loans with principal and interest repayments to purchase a new (fully constructed) or established home (not applicable for construction loans).

      If you have between 85.01% to 90% Loan to Value Ratio and take out a BankVic first home loan, following settlement, BankVic will refund you 30% of the Lender’s Mortgage Insurance premium. Offer available from 1 September 2020. BankVic may vary or end the offer at any time without notice.

      Visa Silver Credit Card: The Visa Silver Credit Card must be obtained with a FHBP loan to be eligible for the interest rate the same as the FHBP Home Loan variable interest rate. Once your FHBP Home Loan is paid out, the Visa Silver Credit Card interest rate will revert to the standard interest rate for the Visa Silver Credit Card.

      FHBP Insurance Offer: $100 cash back offer is available when you take out two general insurance policies through BankVic at the same time and obtain an FHBP Home Loan. The cash back will be deposited into your BankVic transaction account on the date your FHBP loan commences.Terms, conditions, limits and exclusions apply.

    Premium Home Package
    Base Rate (% PA)
    Comparison Rate (% PA)
    Owner occupied - variable rate up to $250k
    3.67%
    4.04%
    Owner occupied - variable rate $250k up to $750k
    3.52%
    3.90%
    Owner occupied - variable rate $750k plus
    3.42%
    3.80%
    Owner occupied - 1 year fixed rate
    2.50%
    3.94%
    Owner occupied - 2 year fixed rate
    2.50%
    3.84%
    Owner occupied - 3 year fixed rate
    2.50%
    3.75%
    Owner occupied - 4 year fixed rate
    2.70%
    3.73%
    Owner occupied - 5 year fixed rate
    2.70%
    3.66%
    Investor - variable rate up to $250k
    4.39%
    4.75%
    Investor - variable rate $250k up to $750k
    4.24%
    4.60%
    Investor - variable rate $750k plus
    4.19%
    4.50%
    Investor - 1 year fixed rate
    2.75%
    4.81%
    Investor - 2 year fixed rate
    2.75%
    4.65%
    Investor - 3 year fixed rate
    2.75%
    4.50%
    Investor - 4 year fixed rate
    2.85%
    4.39%
    Investor - 5 year fixed rate
    2.85%
    4.27%
    1. (1) Fixed rate benefits cannot be applied to existing products with fixed interest rate periods until the current period is rolled over.
      Insurance benefits available on selected insurance policies. Discounts apply only on new policies.
      Early repayment and break costs may apply, please refer to Fees & Charges.
      Standard property valuations are defined as those within the Metropolitan area and major regional centres and where the value is under $1 million.

    Introductory 2 Year Rate
    Base Rate (% PA)
    Comparison Rate (% PA)
    Introductory 2 year variable rate
    2.89%
    3.74%
    1. (1) Minimum loan amount of $120,000 for new principal and interest borrowings and refinances from other financial institutions.
      Upon expiry of the introductory 2 year rate, the interest rate will revert to our standard variable rate applicable at that time.

    Base Variable
    Base Rate (% PA)
    Comparison Rate (% PA)
    Variable rate special (1)
    2.74%
    2.78%
    Variable rate
    3.11%
    3.15%
    1. (1) This owner occupier variable home loan rate offer is for new borrowings and refinances from other financial institutions outside of BankVic. Minimum loan amount of $200,000 with an LVR up to 80%. Offset account not available. The offer is current as at 27 July 2020. BankVic may vary or end the offer at any time without notice.

      Cashback: Members who take out a new owner occupier loan or refinance their existing home loan to BankVic during the campaign period will receive $2,000 cashback deposited into their BankVic loan account up to 20 days after the loan has funded. Cashback is limited to a maximum of two cashbacks (each cashback applied per single property, irrespective of the number of loans involved in the transaction).

    Standard Variable
    Base Rate (% PA)
    Comparison Rate (% PA)
    Variable rate
    3.92%
    3.96%
    Offset Variable Loan
    Base Rate (% PA)
    Comparison Rate (% PA)
    Variable rate
    3.97%
    4.01%
    Fixed Rate
    Base Rate (% PA)
    Comparison Rate (% PA)
    1 year fixed rate
    2.60%
    3.80%
    2 year fixed rate
    2.60%
    3.72%
    3 year fixed rate
    2.60%
    3.62%
    4 year fixed rate
    2.80%
    3.59%
    5 year fixed rate
    2.80%
    3.51%
    1. (1) Fixed rates apply for owner occupied loans with principal and interest repayments, at the end of the Fixed Rate period the interest rate will revert to our standard variable rate applicable at that time.
      You can make up to $10,000 pa in additional payments without incurring any penalty cost, any amounts exceeding $10,000 may incur a break cost. Please see the fees and charges guide for more information.

    2. (2) Applicant must be a current member of VAU, and are subject to BankVic’s credit assessment criteria. 2. This offer is available for new owner occupier borrowings and refinances from other financial institutions outside of BankVic. Rates are current as of 1 July 2020 and subject to change.

    Line of Credit
    Base Rate (% PA)
    Variable rate
    3.92%
WARNING: This comparison rate is true only for the examples given and may not include all fees and charges.
Different terms, fees or other loan amounts might result in a different comparison rate. Comparison rate for our home loan is based
on a on a new loan for a property purchase secured by a freehold property located within the metropolitan area and associated costs.
The rate has been calculated on a loan amount of $150,000 over a term of 25 years.

Rates table

Home Buying - Investor

  • Base Variable
    Base Rate (% PA)
    Comparison Rate (% PA)
    Variable rate special (P&I) (1)
    2.99%
    3.03%
    Variable rate (P&I)
    3.24%
    3.28%
    Variable Rate (IO)
    3.44%
    3.97%
    1. (1) This variable investor home loan rate is for new borrowings and refinances from other financial institutions outside of BankVic. For principal and interest loans only. Offset account not available.
      BankVic may vary or end the offer at any time without notice. Minimum loan amount $200,000 with an LVR up to 80%.

    Standard Variable
    Base rate (% PA)
    Comparison rate (% PA)
    Variable rate (P&I)
    4.64%
    4.68%
    Offset Variable Loan
    Base rate (% PA)
    Comparison rate (% PA)
    Variable rate (P&I)
    4.69%
    4.73%
    Fixed Rate
    Base rate (% PA)
    Comparison rate (% PA)
    Investor Fixed Rate - 1 Year (P&I)
    2.85%
    4.51%
    Investor Fixed Rate - 2 Year (P&I)
    2.85%
    4.35%
    Investor Fixed Rate - 3 Year (P&I)
    2.85%
    4.21%
    Investor Fixed Rate - 4 Year (P&I)
    2.95%
    4.11%
    Investor Fixed Rate - 5 Year (P&I)
    2.95%
    3.99%
    1. (1) Fixed rates apply for investment loans with principal and interest repayments, at the end of the Fixed Rate period the interest rate will revert to our standard variable rate applicable at that time.
      You can make up to $10,000 pa in additional payments without incurring any penalty cost, any amounts exceeding $10,000 may incur a break cost. Please see the fees and charges guide for more information.

    Line of Credit
    Base rate (% PA)
    Line of credit
    4.64%
    Wealthbuilder Package (No Longer For Sale)
    Base Rate (% PA)
    Comparison rate (% PA)
    Investor - variable rate up to $250k
    4.39%
    4.75%
    Investor - variable rate $250k up to $750k
    4.24%
    4.60%
    Investor - variable rate $750k plus
    4.19%
    4.50%
    Investor - 1 year fixed rate
    2.75%
    4.81%
    Investor - 2 year fixed rate
    2.75%
    4.65%
    Investor - 3 year fixed rate
    2.75%
    4.50%
    Investor - 4 year fixed rate
    2.85%
    4.39%
    Investor - 5 year fixed rate
    2.85%
    4.27%
WARNING: This comparison rate is true only for the examples given and may not include all fees and charges.
Different terms, fees or other loan amounts might result in a different comparison rate. Comparison rate for our home loan is based
on a on a new loan for a property purchase secured by a freehold property located within the metropolitan area and associated costs.
The rate has been calculated on a loan amount of $150,000 over a term of 25 years.

Rates table

Banking rates

  • Everyday Account
    Interest Rate (% PA)
    Variable Rate
    0.01%
    Silver Visa
    Interest Rate (% PA)
    6 month introductory rate (1)
    6.99%
    Ongoing variable rate
    11.95%
    1. (1) Introductory rates are applicable to purchases and balance transfers for the first six months from account opening.

    Gold Visa
    Interest Rate (% PA)
    6 month introductory rate (1)
    6.99%
    Ongoing variable rate
    16.95%
    1. (1) Introductory rates are applicable to purchases and balance transfers for the first six months from account opening.

    BankVic Qantas Visa
    Interest Rate (% PA)
    6 month balance transfer rate (1)
    6.99%
    6 month introductory rate (2)
    6.99%
    Ongoing variable rate
    16.95%
    1. (1) Balance transfer is limited to two credit cards per Visa credit card account and excludes transfers from other BankVic credit cards.

    2. (2) Introductory rates are applicable to purchases and balance transfers for the first six months from account opening.

    Overdraft
    Interest Rate (% PA)
    Variable rate
    12.95%
    Personal Loan
    Base Rate (% PA)
    Comparison Rate (% PA)
    Variable rate
    9.95%
    10.11%
    Car Loan
    Base Rate (% PA)
    Comparison Rate (% PA)
    Fixed rate
    6.99%
    7.14%
    Ezesaver (No Longer For Sale)
    Base Rate (% PA)
    Base rate balances up to $5 million
    0.35%
    Base rate balances $5 million plus
    0.00%
    Bonus rate (1)
    0.15%
    1. (1) Bonus rate is additional to the Standard rate and applies when no withdrawals are made in a month.

    Anywhere (No Longer For Sale)
    Base Rate (% PA)
    Variable rate
    0.01%
    1. (1) Interest is calculated daily and credited on 30 Jun and 31 Dec

WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Comparison rate for our personal and car loan has been calculated for an amount of $30,000 over a term of 5 years.

Rates table

Savings rates

  • Little Copper Club
    Interest Rate (% PA)
    Variable rate
    0.10%
    EasyInvest
    Interest Rate (% PA)
    Balances up to $5 million
    0.45%
    Balances $5 million plus
    0.01%
    Bonus Saver
    Interest rate (% PA)
    Standard variable rate
    0.05%
    Bonus rate up to $5 million (1)
    1.15%
    Bonus rate $5 million plus
    0.01%
    1. (1) Deposit $100 per calendar month, with no withdrawals and we'll reward you with bonus interest. Bonus interest rate is capped at a maximum balance of $5,000,000.

    Pension Plus
    Interest rate (% PA)
    Balances up to $51,800
    0.50%
    Balances $51,800 plus
    1.50%
    1. (1) Interest is calculated using the 'part' balance method on each balance amount that falls within the respective balance tier

    Term Deposit
    Interest Rate (% PA)
    3 months
    1.25%
    4 months
    1.25%
    5 months
    1.25%
    6 months
    1.25%
    7 months
    1.25%
    8 months
    1.25%
    9 months
    1.35%
    10 months
    1.25%
    11 months
    1.25%
    12 months
    1.25%
    18 months
    1.20%
    24 months
    1.20%
    36 months
    1.20%
    48 months
    1.20%
    60 months
    1.20%
    1. (1) Important advice on early redemptions: Interest rates are fixed for the term of the deposit selected. Available rates vary according to the term of deposit selected and the amount of deposit.
      Deposits cannot generally be withdrawn prior to maturity. However, we may (at our discretion) agree to a request for the full or partial redemption of a deposit prior to the expiry of its full term.
      If an early redemption is required, your request must be made in writing to us - advising the amount that is needed, the reason and the withdrawal details. If the account is held in joint names, all parties are to sign the request, regardless of the method of operating the account. Please note that we may (at our discretion) apply an interest rate reduction.

    12 Month Income
    Interest Rate (% PA)
    12 month fixed term
    1.20%
    1. (1) Important advice on early redemptions: Interest rates are fixed for the term of the deposit selected. Available rates vary according to the term of deposit selected and the amount of deposit.
      Deposits cannot generally be withdrawn prior to maturity. However, we may (at our discretion) agree to a request for the full or partial redemption of a deposit prior to the expiry of its full term.
      If an early redemption is required, your request must be made in writing to us - advising the amount that is needed, the reason and the withdrawal details. If the account is held in joint names, all parties are to sign the request, regardless of the method of operating the account. Please note that we may (at our discretion) apply an interest rate reduction.

    50+ Investment Account
    Interest Rate (% PA)
    1 year term, monthly interest
    1.20%
    1 year term, quarterly interest
    1.21%
    1 year term, annual interest
    1.25%
    2 year term, monthly interest
    1.15%
    2 year term, quarterly interest
    1.16%
    2 year term, annual interest
    1.20%
    3 year term, monthly interest
    1.15%
    3 year term, quarterly interest
    1.16%
    3 year term, annual interest
    1.20%
    4 year term, monthly interest
    1.15%
    4 year term, quarterly interest
    1.16%
    4 year term, annual interest
    1.20%
    5 year term, monthly interest
    1.15%
    5 year term, quarterly interest
    1.16%
    5 year term, annual interest
    1.20%
    1. (1) Important advice on early redemptions: Interest rates are fixed for the term of the deposit selected. Available rates vary according to the term of deposit selected and the amount of deposit.
      Deposits cannot generally be withdrawn prior to maturity. However, we may (at our discretion) agree to a request for the full or partial redemption of a deposit prior to the expiry of its full term.
      If an early redemption is required, your request must be made in writing to us - advising the amount that is needed, the reason and the withdrawal details. If the account is held in joint names, all parties are to sign the request, regardless of the method of operating the account. Please note that we may (at our discretion) apply an interest rate reduction.

    Investment
    Interest Rate (% PA)
    Balances up to $5,000
    0.01%
    Balances $5,000 up to $25,000
    0.01%
    Balances $25,000 up to $50,000
    0.01%
    Balances $50,000 plus
    0.10%
    SMSF Saver
    Interest rate (% PA)
    Balances up to $5 million
    1.10%
    Balances $5 million plus
    0.01%
    Christmas Club (No Longer For Sale)
    Base Rate (% PA)
    Variable rate
    0.10%
    Super Future RSA (No Longer For Sale)
    Base Rate (% PA)
    Balances up to $5k
    0.00%
    Balances $5k up to $20k
    0.00%
    Balances $20k up to $50k
    0.15%
    Balances $50k plus
    0.40%
    3 month term deposit
    0.60%
    1. (1) Tiered with the rate of interest applicable to the balance of your RSA variable account being that as stated above in this table. The rate is applied to the whole balance of the RSA variable account, with the 'whole balance' excluding any balance in a RSA term deposit. $50,000 minimum deposit.

    14 Day Notice (No longer for sale)
    Base Rate
    Balances up to $5k
    0.00%
    Balances $5k up to $50k
    0.00%
    Balances $50k plus
    0.35%

Fees table

Fees

  • Premium home loan package fees
    Fee types
    Fees
    Annual fee
    $375
    New home loan fees
    Fee types
    Fees
    Establishment fee - valuation required
    $600
    Establishment fee - no valuation required
    $300
    Additional title search fees
    Up to $25 per search
    Existing home loan fees
    Fee types
    Fees
    Establishment fee - valuation required
    $330
    Establishment fee - no valuation required
    $220
    Production of title (held by BankVic)
    $330
    Switching loan product when changing type of interest rate
    $200
    Security substitution & loan portability
    $400
    Home valuation fees
    Fee types
    Fees
    Property Valuation Fee - Metropolitan
    $290
    Property Valuation Fee - Country
    $330
    Property inspection fee - Metropolitan
    $137.50
    Property inspection fee - Country
    $155
    Home settlement fees
    Fee types
    Fees
    Administration fee upon discharge
    $295 per lodgement
    BankVic attendance at settlement
    $99
    Transfer fee via RTGS
    $15
    Fixed rate loans
    Fee types
    Fees
    Fixed loan break costs may be payable (1)
    .
    • (1) Break costs are an amount equal to our reasonable estimate of our loss as a result of you breaking the fixed interest period. If during a fixed interest period you repay the loan or change from a fixed interest rate loan to a variable interest rate loan or change from one fixed interest loan to another or pay more than $10,000 of the money owing before it is due in a calendar year, then Break Costs may be applied. Refer to the terms of your Loan Contract for full terms and conditions and calculation details.

    DEBIT CARD FEES
    Fee types
    Fees
    Disputed transaction
    $25 per transaction
    Card replacement in Australia
    $10
    Card replacement overseas
    USD $175
    Emergency cash overseas
    USD $175
    International currency conversion fee
    3.65% of the AUD transaction amount
    CREDIT CARD FEES
    Fee types
    Fees
    Gold Visa annual fee
    $50
    Late payment fee
    $15
    Cash advance
    $4 per transaction
    Disputed transaction
    $25 per transaction
    Card replacement in Australia
    $10
    Card replacement overseas
    USD $175
    Emergency cash overseas
    USD $175
    International currency conversion fee
    3.65% of the AUD transaction amount
    QANTAS VISA FEES
    Fee types
    Fees
    Annual fee
    $0
    Late payment fee
    $9
    Cash advance (1)
    $1.80 per transaction
    Disputed transaction
    $25 per transaction
    Card replacement in Australia
    $10
    Card replacement overseas
    $0
    Emergency cash overseas
    $0
    International currency conversion fee
    2% of the AUD transaction amount
    • (1) Includes over the counter (domestic & international) and Westpac, St George, Bank SA or Bank of Melbourne ATM withdrawal

    PERSONAL LOAN
    Fee types
    Fees
    Establishment fee
    $90
    CAR & PERSONAL LOAN FEES
    Fee types
    Fees
    Establishment fee
    $90
    Lodge or amend security interest on a vehicle
    $20 per security
    PAYMENT FEES
    Fee types
    Fees
    Dishonour for insufficient funds for external transfers
    $9 after 3 attempts
    Returned payment due to incorrect bank account details
    $14
    BankVic dishonour charge
    $19
    Direct debit stopped payment
    $19
    Personal cheque book (25 pages)
    $10
    BANK DRAFT FEES
    Fee types
    Fees
    Foreign currency bank draft
    $15 per transaction
    AUD bank draft
    $15 per transaction
    Reissue
    $10
    Cancellation
    $40
    Express post fee
    $6
    INTERNATIONAL TRANSFER FEES
    Fee types
    Fees
    Outward transfer - foreign currency
    $30 per transaction
    Outward transfer - AUD
    $41 per transaction
    Inward transfer - AUD
    $5 per transaction charged by AMEX
    Amendment or trace
    $55 per transaction charged by AMEX
    Cancellation
    $40 charged by AMEX
    RECORD FEES
    Fee types
    Fees
    Voucher archive retrieval - up to 30 days since transaction
    $6
    Voucher archive retrieval - up to 30 to 90 days since transaction
    $7.50
    Voucher archive retrieval - 90+ days since transaction
    $10
    Services fee on a time basis
    $15 per quarter hour
    Photocopy cost
    $2 per page
    Access to records under privacy act
    $50
    OTHER FEES
    Fee types
    Fees
    Additional or reprint statement fee
    $2 per page
    List of transactions via branch or contact centre
    $2 per page
    Dormant account fee (1)
    $40 per year
    Company search fee
    $25
    • (1) Dormant fee - applied where there have been no transactions in the account for at least 1 year, we have written to you but you have not given us written notice stating you wish the account to remain open.

    EZEPAY FEES (Product No Longer on Sale)
    Fee types
    Fees
    International transaction currency conversion
    3.65% of the AUD transaction amount
    Over the counter branch withdrawals
    $2 per transaction in excess of 4 transactions per month
    Phone assisted withdrawals
    $2 per transaction
    SUPERFUTURE RSA (PRODUCT NO LONGER ON SALE)
    Fee types
    Fees
    Exit fee RSA fee charged at each withdrawal or transfer (1)
    $53
    Income stream charged on 30 June or upon closure of the account
    $91
    • (1) Exit fees and income stream accounts are indexed each year (at 30 June) in line with movements in Average Weekly Ordinary Time Earnings

    ANYWHERE (NO LONGER ON SALE)
    Fee types
    Fees
    International currency conversion fee
    3.65% of the AUD transaction amount

Terms & Conditions

Important things you should know

Information on this page is general in nature and does not take into account your personal circumstances. You should consider whether it is appropriate for you before acquiring the product.

Fees and charges apply, Interest rates are variable and subject to change. Information on our terms & conditions, interest rates and fees & charges are available on request.

We recommend that you must read the following documents