Regular Saver

When you have some extra cash to put aside each month, the Regular Saver is a great way to watch your balance grow. You can save up to $3,000 at an interest rate that’s fixed for 12 months – either 3% or 5% AER/gross depending on which current account you hold with us.

  • Keep your money in for a year. To benefit from the great rates on this account, you won’t be able to make partial withdrawals at any time during the 12 months. You can choose to close your account early, but if you do, you'll receive interest at our Flexible Saver rate.

  • Start saving from just $25.  You can choose to set up a standing order to pay between $25 and $250 into your Regular Saver Account each month, up to a total of $3,000. (If your regular payments are less than $250, you can carry your allowance over and pay more in later months.) 

  • Receive a lump sum.  At the end of 12 months, we'll transfer your balance into your Instant Access Savings, Flexible Saver or Premier Savings account. If you have more than one of these, we'll choose whichever pays the best interest. If you don't have any, we'll convert your Regular Saver to a Flexible Saver for you.

Open a Regular Saver today

How to apply for a Regular Saver

Please read the important product information and check eligibility before you apply.

5% AER / gross

for Premier or Advance customers

3% AER / gross

For Bank Account, Bank Account Pay Monthly, Student Bank Account or Graduate Bank Account customer

Key product information

How it works

You'll get a fixed rate of 5% AER/gross if you're an Premier or Advance customer (providing you keep the account for the period you hold a Regular Saver with us).1

You'll get a fixed rate of 3% AER/gross if you're a Bank Account, Bank Account Pay Monthly, Student Bank Account or Graduate Bank Account customer2.

You can choose to set up a standing order to pay between $25 and $250 into your Regular Saver Account each month, up to a total of $3,000. (If your regular payments are less than $250, you can carry your allowance over and pay more in later months.)

Please note, you can only hold one Regular Saver Account at any given time.

 

 

 

Additional information

Before applying, please take the time to read the following documents. You may also want to save them for future reference.

1Premier is subject to financial eligibility criteria. 

2Advance Bank Account is subject to financial eligibility criteria and is available to customers who pay in $1,750 or more each month (or a minimum of $10,500 every six months), not including money transferred from other sole or joint personal accounts held with Bank. 

3Bank Account requires a minimum of $500 per month to be paid into the account. This does not apply if you're under the age of 24. 

4Bank Account Pay monthly costs $10 per month.