Helping you save for your goals sooner, with saving accounts free from account keeping, management, and annual fees.

Savings accounts made for you

Helping you save for your goals sooner, with accounts free from account keeping, management, and annual fees.

Compare

Compare our savings accounts

Explore and compare our savings accounts to help you reach your savings goals sooner

Why BankVic

Rates and fees

Read about our Savings rates and fees

  • Bonus Saver
    Interest rate (% PA)
    Standard variable rate
    0.05%
    Bonus rate up to $1 million (1)
    4.55%
    Bonus rate $1 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 $1,000,000.

    EasyInvest
    Interest Rate (% PA)
    Balances up to $5 million
    3.00%
    Balances $5 million plus
    0.01%
    Little Copper Club
    Interest Rate (% PA)
    Variable rate
    3.95%
    Pension Plus
    Interest rate (% PA)
    Balances up to $51,800
    4.10%
    Balances $51,800 plus
    4.40%
    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
    3.60%
    4 months
    4.00%
    5 months
    3.70%
    6 months
    4.80%
    7 months
    3.70%
    8 months
    3.70%
    9 months
    3.70%
    10 months
    3.70%
    11 months
    3.70%
    12 months
    4.75%
    18 months
    4.50%
    24 months
    4.50%
    36 months
    4.50%
    48 months
    4.50%
    60 months
    4.50%
    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.
      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 will apply an interest rate reduction.

    12 Month Income
    Interest Rate (% PA)
    12 month fixed term
    4.70%
    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.
      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 will apply an interest rate reduction.

    SMSF Saver
    Interest rate (% PA)
    Balances up to $5 million
    2.25%
    Balances $5 million plus
    0.01%
  • PAYMENT FEES
    Fee Types
    Fees
    BankVic dishonour charge
    $9
    Personal cheque book (25 pages)
    $10
    OTHER FEES
    Fee Types
    Fees
    Transaction archive search fee
    Up to $10
    Miscellaneous fee (1)
    $50 per transaction and $15 per quarter hour
    Company search fee
    $25
    Express post fee
    $7.50
    • (1) Fee charged for services not otherwise provided in this guide

Account Deposits, Withdrawals and Payments

Transaction Limits

  • DescriptionWithdrawal limit
    Osko - direct transfer in real time$2,000 per day

    Direct Transfer (funds will be available to payee within 3 working days)

    Payments to new payees are secured through the use of a One Time Password.  If you need to transfer an amount that exceeds the maximum daily limit, please contact us on 13 63 73.

    $10,000 per day
    Combined daily transfer limit (Osko & Direct Transfer)$12,000 per day
    BPAY$10,000 per day
    Debit and Credit Cards (Digital Wallet/PayWave/Transfer)Available funds/credit limit
    ATM and EFTPOS$1,000 per day
    In branch24 hours advance notice is required to withdraw $5,000 or more in cash
  • DescriptionDeposit limit
    Direct transfer in real time via OSKOUnlimited
    Direct transfer (available to payee within 3 working days)Unlimited
    Debit and Credit Cards ((Digital Wallet/PayWave/Transfer)Unlimited
    In branchUnlimited
    ATM or EFTPOSNot available for deposits
    Bank@Post

    Deposits of up to $9,999 per day in cash are accepted using a specially barcoded deposit book available from BankVic (a maximum of $20.00 in loose coin will be accepted). Bank@Post will not accept a deposit of $10,000 or more.

Ways to apply

Ways to apply for our savings products

Terms and 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 or service.

Fees and charges may 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 read the following documents: