The iNet Saver is an online account designed to help keep your savings separate from your everyday transaction account.
Tiered interest rates mean that the more money you contribute to the account, the higher rate of interest you can receive. And with no card access available on this account, there’s less temptation to spend your savings.
Interest is calculated daily on the portion of the balance in each tier at the applicable interest rate and paid monthly.
Daily Balance | Interest Rate |
---|---|
$0 - $99,999.99 | 1.50% p.a. |
$100,000.00 - $249,999.99 | 2.75% p.a. |
$250,000.00 - $499,999.99 | 3.50% p.a. |
$500,000.00 plus | 4.25% p.a. |
Saving Features |
|
---|---|
Minimum opening deposit : | $0 |
Funds available : | At Call – 24/7 access |
Statement options : | Online statements |
Monthly account fee : | $6 - exempt when membership balance is over $5,000 |
Transaction fees : | Unlimited free transactions available – refer to our fees and charges brochure |
Service centre access : | No |
Visa debit card : | No |
Direct credit : | Yes |
Direct debit : | No |
Quick debit : | Yes |
Periodical payment : | No |
BPAY : | Yes |
Bank@Post : | No |
Interest calculation : | Calculated on daily balance and paid monthly |
Conditions : | Rates paid on each tiered balance |
Discover your savings potential and estimated interest earnings with our savings calculators.