Accounts

Our banking and savings accounts can help you take control of your money, giving you financial freedom today, tomorrow and in the future.

Accounts for all your banking needs

Whether you’re looking for all-in-one everyday banking with no monthly account fees or convenient and straightforward ways to save and manage your money, we have you covered

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  • Everyday Direct Account

    An all-in-one bank account that provides flexibility, security and hassle-free online transactions

    • $0 Monthly account fees
    • $0 Electronic transactions
    • $0 Bank@Post transactions
    • $0 Dishonours
    • $0 Pay Anyone

    Learn more

  • Term Deposit Account

    Take advantage of a guaranteed return on investment with our 3-36 months Term Deposits.1

    • Terms from 3 to 36 months
    • A guaranteed rate
    • No account keeping fee
    • Receive a written notice before your deposit matures

    Learn more

  • Essential Saver Account

    A straightforward way to earn a great variable savings rate every day with no tricky deposit or withdrawal conditions1. No hassle.

    • $0 monthly account fee
    • No minimum balance requirements1
    • Open up to 9 accounts
    • Easy access through internet banking and mobile app

      • Learn more

For savings accounts no longer offered for sale please click here.

FAQs

Do I have to be a Member to open an account?

You can open an account with the Bank as a Member or a Customer. If you’re not a Member already, you’ll need to join first. You can find more information about becoming a Member. If you prefer to open an account as a customer, complete the customer application form webpage.

How do I open an account?

Members can open a new account via the transaction and savings account application form. Simply complete and sign the form and email it to [email protected] or mail it to Reply Paid 7501, Silverwater NSW 2128.

Members can also open a new Essential Saver account quickly and easily through Internet Banking.

If you’re not a Member already, you’ll need to join first. You can find more information about becoming a Member.

How secure is my money?

Your deposits are protected under the Australian Government Financial Claims Scheme, up to a limit of $250,000 for each account holder at the bank. For further information please refer to the Financial Claims Scheme webpage.

How can I access my accounts?

We provide flexible and simple banking options, giving you the freedom to bank your way at a time that works for you. Find out more about ways to bank with us.

Can I link my accounts together?

You can link all of your accounts – including mortgages and loans – to your Everyday Direct account to easily transfer funds, track your savings and manage your bills and spending. When you join the Bank you will automatically have an Everyday Direct account opened.

Tools and resources

Cuscal

Cuscal is Australia's leading provider of transactional banking, liquidity and capital management products and superannuation solutions to more than 150 specialist financial services institutions across Australia. They provide clients access to Australian capital markets, payment systems, card schemes, inter-institutional settlement arrangements, and is one of the nation's largest ATM networks.

Please be aware that Cuscal takes an AUD $8.05 fee from the amount you receive via all Telegraphic Transfers. Please also note that TTs’ from overseas recipients are sent via a network of correspondent banks, each of which may levy their own charge or commission. This is outside of our control. As the fees and charges which may apply will vary according to the circumstances, we are unable to advise the amount of fees which may apply to any particular transaction. The amounts which may be charged depend on a number of factors, including (but not limited to):

  • the amount being transferred; and
  • the number of intermediaries involved in the transaction.

 

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