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  1. Savings Accounts
  2. Freedom Saver

Freedom Saver
Flexible saving with no deposit or withdrawal restrictions.

Up to 0.60 %P.A. Variable interest rate1
$ 0 Minimum p/mth deposit
UNLIMITED Withdrawals with no impact on interest rate
FLEXIBLE Transaction account linked with smartphone pay
Apply online

Apply in a few minutes

Features & benefits

Freedom to live

The freedom to withdraw and add money as you please. No deposit or withdrawal restrictions.

Maximise your savings

Interest calculated daily and paid monthly to get the most out of your money.

$0 opening fees

Pay no fees to open a high interest savings account.

Easy account management

Manage your money anywhere with our mobile banking app.

This saving account may suit you if you want:

  • A single or joint savings account with no minimum opening balance.
  • To be able to access your money frequently and earn interest.
  • A flexible way to save money and earn interest.
  • A linked transaction account with features like smartphone payments using Apple Pay, Google Pay or Samsung Pay.

Rates and fees

Interest rates
Up to
0.60%p.a. Variable interest rate1
$0 > $50,000 0.35% p.a.
$50,001 > $250,000 0.35% p.a.
$250,001 > $500,000 0.50% p.a.
$500,001 > $5M 0.60% p.a.
$0 No monthly or
annual fees
$0 Transaction account monthly account keeping fee
$0 Account opening fee
FREE Don’t pay ATM fees when you withdraw from your linked transaction account at any of the Big 4 Banks ATMs

How to apply

What you’ll need to apply

1Proof of identity documents
Your Australian Drivers Licence or Australian Passport and Medicare Card.

2Contact details
Email address & phone number.

35 minutes of your time
Applying online takes only 5 minutes to complete.

Application process

1Get your documents together

2Complete the online application form
You can save and return to your application at any point.

3Count to three
We’ll call you regarding your approval within 3 days.

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.

Speak with us today

Monday to Friday - 8.30am to 5.30pm AEST

Call 1300 790 740

Have us call you within 1 business day

Request a call back

How we make savings accounts easier for you



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.



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



As a member-owned bank we focus on our customers, members and the community. We focus on your financial wellbeing through personalised service and competitive rates.



We’ve been helping people with their banking solutions for over 30 years and the Australian Unity Group has been around for 180 years so we’ll be able to help you with your savings needs.

Compare savings accounts

Important information

Fees and charges 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.

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.

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 on your daily account balance and credited to your account on the last calendar day of the month. A 'month' commences on the first calendar day of a month and concludes on the last calendar day of the same month. Australian Unity Freedom Saver accounts are required to have a linked Australian Unity Transaction account and all deposits and withdrawals from the Freedom Saver account must be made via the linked Transaction account. Balances up to $5 million (for individual and joint account holders) are eligible to earn interest as outlined by the interest tiering structure applicable to this account. Balances over $5 million will not earn interest. Interest is calculated daily and paid monthly. The Australian Unity Freedom Saver account is available to new customers aged 16 or over. 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.

Our Target Market Determinations are available here.