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  2. Savings Accounts

Savings Accounts
A good bank offers flexible, high interest savings accounts created by real people, for real people.

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Savings accounts

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Featured savings accounts

Most Popular

Active Saver

Be rewarded for actively saving and leaving your money alone with bonus interest.

Up to
2.35%p.a. Total variable rate1
  • Deposit min $250 p/mth
  • Bonus applies to balances up to $500k when you don’t withdraw

Learn more

Freedom Saver

The freedom to access your money with no deposit or withdrawal restrictions.

Up to
2.05%p.a. Variable interest rate2
  • No deposit or withdrawal restrictions
  • Rewards you for saving more. The higher the balance, the higher the rate

Learn more

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Helpful links

savings plan calculator
Savings plan calculator
talk to us
Talk to us
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Budget planner

Savings vs term deposits

Saving money is always a good decision, but what’s the best way to go about it? What’s the difference between a high interest savings account and a term deposit
Find out more

Award winning savings accounts

savings accounts awards

How we make savings accounts easier for you

flexible

Flexible

We have options to suit you. Need the flex to withdraw or want to be rewarded to not touching your money? We have a competitive option for each.

ease

Ease

Easily manage your Australian Unity accounts on the go with a few taps in our mobile banking app.

mutual

Mutual

As a member-owned bank we focus on our customers, members and the community, not shareholder profit. So we focus on our personalised service and competitive rates when it comes to offering savings accounts.

experience

Experience

We’ve been helping people with their banking solutions for over 30 years and the Australian Unity Group has been around for over 175 years so we’ll be able to help you with your savings needs.

Helpful savings account information


money saving tips

Money saving
tips

No matter what you’re saving for these five-point plans will set you on the right path. Read More
savings account

How to
compare

What to look for in a high interest savings account, and how to compare against other offers. Read More
savings vs term deposits

Savings accounts vs term deposits

What’s the difference between a high interest savings account and a term deposit. Read More
savings vs transaction account

Savings vs transaction account

What’s the difference between an everyday account, a transaction account and a savings account? Read More

Chat with us

Whether it’s understanding terminology, you’re looking to apply or you have a question about your account we can help you with all your banking questions.

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Monday to Friday - 8.30am to 5.30pm AEST

Call 1300 790 740

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Important information

Fees, and charges and lending criteria apply for all transaction, savings and deposit accounts, loans and credit cards which are issued by Australian Unity Bank Limited ABN 30 087 652 079 AFSL/Australian Credit Licence No. 237994. Please refer to Terms of Use before applying for any product. Australian Unity Bank Limited is covered by the Australian Government guarantee on deposits, for more information please view our page.

Terms & Conditions

Any advice does not take into account your personal needs and financial circumstances and you should consider whether it is appropriate for you and read the relevant terms and conditions (including Terms of Use), any Product Disclosure Statement (if applicable) and Financial Services Guide before acquiring any product.

1 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. Balances up to $500k are eligible to earn the bonus interest rate, however any balances above $500k will earn the base variable interest rate only. Interest is calculated daily and paid monthly. Active Saver accounts are required to have a linked Australian Unity Transaction account and all withdrawals must be made via the linked Transaction account. 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. Refer to Fees and Charges for more details on fees applicable to the Australian Unity Transaction Account and the Active Saver Account.

2 Ongoing variable interest rate for Freedom Saver is determined by the balance in the Freedom Saver account. The interest rate is applicable to the entire balance in the Freedom Saver account. Interest is calculated daily and paid monthly. Freedom Saver accounts are required to have a linked Australian Unity Transaction account and all withdrawals must be made via the linked Transaction account. Balances up to $5m are eligible to earn interest as outlined by the interest tiering structure applicable to this account. Balances over $5m will not earn interest. 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). 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. Refer to Fees and Charges for more details on fees applicable to the Australian Unity Transaction Account and the Freedom Saver Account.