Key features and benefits

Our 'Save up' account is the perfect account to help you save for something special or just for a rainy day. The account pays a base rate of interest and if you deposit a minimum of $50.00 per month and make no withdrawals, you'll get a great Bonus interest rate as well - so you'll get to that savings goal quicker. And there are a heap of ways to access the account...

    • Retail Stores and Contact Centre access
    • Internet Banking
    • SmartBanking app
    • BPAY payments
    • Osko payments
    • Direct debits and credits
    • Periodical payments


    • Funds available at call
    • No fees for any withdrawals or transfers in Store, via the Contact Centre or via Internet Banking or our SmartBanking app
    • Statements provided electronically via Internet Banking.

    Transaction fees that may apply

    While no ongoing or transaction fees apply, other fees may apply to the use of the Save up account in certain circumstances. For full details of the fees that may apply, please refer to the Fees and Charges Schedule.

    Credit interest

    The current interest rate for our Save up account is set out below. Effective 1 December 2023

    Base rate
    Bonus Rate*
    1.00% p.a.4.00% p.a.5.00% p.a.

    *Save up bonus rate applies if you deposit a minimum cumulative amount of $50 during the month and make no withdrawals or transfers from the account.

    Interest is calculated daily based on the account balance and credited to the account at the end of each month.

    Want to see more account interest rates? 

    I'm interested in a Save up account!

    Other options or things to consider

    If you are saving but need to make regular withdrawals from the account, our Stash 'n' Splash account might suit you. You are allowed up to 5 withdrawals per month plus you get a great competitive interest rate.

    Please note this information does not take into account your personal circumstances and is general advice only and is not intended to address all the terms and conditions that may be relevant to the use of an account. Before opening any Bank of us account, please read the Account & Access Facility Conditions of UseSummary of Accounts, Availability of Access Facilities and Transaction Limits and our Schedule of Fees and Charges and decide if the account is right for you.

    Interest rates are subject to change without notice and should can be verified at