The financial comparison site compared 173 savings accounts from 76 different providers and rewarded our Active Saver for the great value it offers customers who are looking to build up their savings with regular contributions, over time.
Mozo Director, Kirsty Lamont said that one of the headline reasons the account was awarded a gong in the Regular Saver category was the 1.60% bonus rate on top of a competitive 1.20% standard interest rate to lead with 2.80%1.
“The Active Saver bonus rate is currently one of the most competitive on the market,” said Lamont.
“When you’re working towards a big overseas trip or a new car, these rates can seriously speed up the savings process and help you arrive at your savings goal sooner.”
The bonus rate is unlocked when Australian Unity customers make a minimum monthly deposit of $250 from a linked Australian Unity transaction account and no withdrawals in the month.
The Active Saver also comes with no monthly account keeping fees and a linked transaction account with a fee waiver when you deposit $1000 per month into it.
The other important factor with the Australian Unity Active Saver is that customers aren’t forced into strict conditions to earn the bonus interest rate, said Lamont.
“Committing $250 a month and keeping you savings stash untouched is a realistic condition and will earn you the bonus rate, but it’ll also keep you on track to hit your savings target,” she said.
Check out all of the details behind our award winning Active Saver, including what you’ll need to apply. You could be up and running in a matter of minutes.
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Terms & Conditions
1 Total ongoing variable interest rate for Active Saver includes a base variable interest rate of 1.20% p.a. plus a variable bonus interest rate of 1.60% p.a. To earn the bonus interest rate, each month you must deposit $250 or more from a linked Australian Unity Transaction Account (deposit excludes any interest earned in the Active Saver account) and not make any withdrawals throughout the month. Bonus interest rate is only payable on balances up to $500,000 (for individual and joint account). Only the base variable interest rate applies to balances over $500,000. Interest is calculated daily and paid monthly. The account is only available to new customers aged 14 or over (16 or over for online applications). Bonus interest rate offer is limited to 1 account per customer. Customers cannot open a new account within 90 days of closure of the same type of Australian Unity savings or transaction account. All information is correct as at 1 April 2019 and is subject to change. Refer to Fees and Charges for more details on fees applicable to the Australian Unity Transaction Account and the Active Saver Account.
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