Banking

Reach your savings goals

Helping you reach your savings goals with our Easy Saver Plus Account

At Australian Unity Bank, we want to help make your money work harder for you.

Once the 4-month bonus period on your Easy Saver account ends, you will be automatically eligible for our new Easy Saver Plus account. This means you’ll get another 4-month introductory rate to help maximise your savings.

What does this mean for my account?

We will automatically open a new Easy Saver Plus account for you when your current Easy Saver introductory rate ends and provided you haven’t opened an Easy Saver Plus account on your own in the meantime.
You won’t need to do anything unless we hear from you or you choose one of the other account options below.
We will close your existing Easy Saver account. We will transfer the funds and any existing direct credits from your existing Easy Saver account into your new Easy Saver Plus account.
You will earn the introductory rate for the first four months from when your new account is opened. After this, the variable base rate will apply.

The new Easy Saver Plus account will have the same essential features as your existing Easy Saver account, just with a better rate than if your money stayed in your current Easy Saver account! All the same further terms and conditions will apply to your new Easy Saver Plus account

Helpful tip: Don't forget to update your direct credits

If you have direct credits set up to be paid into your existing Easy Saver account from another financial institution, they will not be processed as the account would be closed.

This means you will need to update any direct credit payments set up with another financial institution to ensure they go into your new Easy Saver Plus account to take advantage of the 4-month introductory rate.

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Frequently asked questions

More about the Easy Saver Plus account

Why are you opening a new account for me?

As an existing valued banking customer, we want to help you make your money work harder for you. That’s why you have access to a once-off offer where we will move your funds into our new Easy Saver Plus account. This means, you’ll get another 4-month introductory rate to help maximise your savings. After this next 4-month period, the base variable rate will continue to apply.

What is the difference between the Easy Saver and the Easy Saver Plus account?

The new Easy Saver Plus account will have the same essential features as your existing Easy Saver account, just with a better rate than if your money stayed in your current Easy Saver account! All the same further terms and conditions will apply to your new Easy Saver Plus account.¹

When will the new Easy Saver Plus account be opened?

Your new Easy Saver Plus will be opened once the 4- month intro rate on your existing Easy Saver account has ended. At that time we will also transfer the funds from your existing Easy Saver account into your new Easy Saver Plus account. You will start to earn your 4- month introductory rate on the date your new Easy Saver Plus account is opened.

What rate will I earn on the new Easy Saver Plus account?

Total introductory interest rate for the Easy Saver Plus Account includes a variable interest base rate and a fixed interest bonus rate, subject to the product conditions. Current rates are published on our Easy Saver Plus page.

Will the Easy Saver Plus be connected to my existing transaction account?

Yes, your new Easy Saver Plus account will be connected to your existing transaction account.

Where can I find the terms and conditions of the account?

To find out more about the Easy Saver Plus, visit our Easy Saver Plus account page.

What other savings accounts do you offer?

We offer a number of different competitive savings accounts. Visit our Savings Accounts page to find out more.

Will there be any impact to my banking?

I have direct credits from another financial institution set up to go into my existing Easy Saver account. What will happen once the new Easy saver Plus account is opened?

If you have direct credits set up to be paid into your existing Easy Saver account from another financial institution, they will not be processed as the account would be closed.

This means you will need to update any direct credit payments set up with another financial institution to ensure they go into your new Easy Saver Plus account to take advantage of the 4-month introductory rate.

How will I know the details of my new account?

You will receive an email once your new account has been opened.

How will I know when my account has been opened?

Once your new savings account has been opened, you will receive an email which contains your new account details.

Will my account number be the same?

No, your new account will have a new account number. You will receive the details of your new account via email once it has been opened.

Your existing Easy Saver account

Can I retain my existing Easy Saver account?

Yes, you can retain your existing Easy Saver account, however, you will need to contact us to let us know before your current introductory rate ends to avoid your account being closed. Please note, once the four month introductory rate ends, you will earn a base variable rate of 0.01% p.a. The base variable rate on the Easy Saver Plus account is more competitive.

My existing Easy Saver account is a joint account. Will the new Easy Saver Plus account be a joint account?

Yes, if your existing Easy Saver account is a joint account, your new Easy Saver Plus account will have the same joint account set up.

Will you close my existing Easy Saver account?

Yes, once we open your Easy Saver Plus account, we will close your existing Easy Saver account.

What if I don’t want you to move my money?

If you don’t want us to open an Easy Saver Plus account for you or any other savings account, simply contact us on 1300 790 740, Monday to Friday 8.30am to 5.30pm (AEST) to retain your existing Easy Saver account.

I don’t want to open an Easy Saver Plus or any other savings accounts. What will happen to my money?

If you don’t wish to open an Easy Saver Plus account or any other Australian Unity savings account, please contact us before your current 4-month introductory rate ends on 1300 790 740 Monday to Friday 8:30am -5:30 pm AEST to retain your existing Easy Saver account.

Enjoy your customer perks

Did you know customers like you get extra perks and benefits on other Australian Unity Products? That’s things like discounts and Visa gift card offers.

Find out more about your perks

Take care of your family and friends

Know someone looking to take out home loan? Then put them in touch with us - and you'll get a $500 bonus when they take out a home loan over $200k.²

Better still, they'll also be eligible for a Visa Gift Card valued up to $200 when they purchase a general insurance policy^3,*. You'll also receive a $50 Visa Gift Card. They just need to mention the 'Family & Friends offer'* and your name when purchasing a general insurance policy.^*

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Helpful savings account information

Money saving tips

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

How to compare

What to look for in a high interest savings account, and how to compare against other offers.

Savings accounts vs term deposits

What’s the difference between a high interest savings account and a term deposit.

Savings vs transaction account

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

Important information

Fees, charges and lending criteria apply for all loans and credit cards and product terms and conditions available on application. Please refer to terms and conditions before applying for any product. Australian Unity Bank Limited is covered by the Australian Government guarantee on deposits, for more information please view our Financial Claims Scheme 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 (Terms of Use), any Product Disclosure Statement and Financial Services Guide before acquiring any product.

Our Target Market Determinations are available on our Target Market Determinations page.

* This Family and Friends offer is only available when a friend or family member a) purchases a new comprehensive car, home & contents or landlord insurance policy inclusive of building cover underwritten by Allianz through Australian Unity over the phone and b) mentions the offer at the time of purchasing the insurance policy. Contents only and Landlord Contents only policies are not eligible for a gift card. This offer is not available on renewals or where the purchaser is a current Australian Unity staff member. Not to be used in conjunction with any other offer. Australian Unity reserves the right to amend or discontinue the offer at any time. The referred customer will receive one $100 for each comprehensive car insurance policy or $200 Visa Gift Card for each home & contents or landlord (inclusive of building) insurance policy purchased. The referrer will receive a $50 Visa Gift Card for each policy purchased. The maximum number of Visa Gift Cards the referrer can receive is 6. Visa Gift Cards are issued by Cuscal Ltd ABN 95 087 822 455 AFSL 244116. Cuscal Ltd deals with any funds loaded onto the Visa Gift Card in accordance with its arrangements with Corporate Prepaid Cards Pty Ltd ABN 25 092 828 772 AFSL 509642. All Visa Gift Cards will be delivered by post. Australian Unity will not be held responsible for any damaged, undelivered, lost or stolen Visa Gift Cards and no replacement will be provided. Allow 4 weeks after the start date of the new policy for delivery of the Visa Gift Card. Visa Gift Cards are subject to the terms and conditions that appear on the Visa Gift Card letter or at universalgiftcard.com.au. This offer can be altered or withdrawn at any time by Australian Unity without notice.

1. The total interest rate for the Easy Saver Plus Account includes a variable interest base rate and a fixed interest bonus rate, subject to the following conditions. The fixed interest bonus rate is payable for up to 4 months from the account open date, after which the variable interest base rate will apply to the Account. The fixed interest bonus rate is an interest rate calculated on the balance of an Easy Saver Plus Account on top of the variable interest base rate. The fixed interest bonus rate is limited to one account per customer, including where a customer holds an Easy Saver Plus Account jointly with another customer. The fixed interest bonus rate is offered as a once-off 4 month introductory offer. The Easy Saver Plus Account is only available for customers who have never held an Easy Saver Plus Account before. Customers must be aged 16 or over to open an Easy Saver Plus Account. Easy Saver Plus Accounts are required to have a linked Australian Unity Transaction account and all withdrawals must be made via the linked Transaction Account. Interest is calculated on the daily Account balance and credited to the Account monthly (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. Refer to the Schedule of Fees, Charges and Transaction Limits booklet for more details on fees applicable to the Australian Unity Transaction Account and the Easy Saver Plus Account.

2. Terms and Conditions of the offer include: Offer applies to existing Australian Unity customers who refer new customers only, the referrer and the referred friend must not be the same person. The $500 Family and Friends payment is a one-off payment only, is not transferable and is payable into the referrer's nominated bank account upon settlement of the referred home loan. Australian Unity reserves the right to amend or discontinue the Family and Friends offer at any time. Home loans must be $200,000 or more, approved and settled to qualify for the offer, the referrer will not be notified of the outcome of the credit application. Lending criteria, fees and charges, terms and conditions apply. This referral payment of $500 is a 'one off' payment and does not affect the cost of the home loan in any way.

3. Australian Unity Bank Limited, ABN 30 087 652 079 AFSL No 237994 is authorised to refer you online to the insurer Allianz Australia Insurance Limited ABN 15 000 122 850 AFS Licence No 234708 (Allianz) and to arrange insurance over the phone and provide you with general advice on this insurance as agent for Allianz. We do not provide any advice based on any consideration of your objectives, financial situation or needs. Therefore, you should consider whether the advice is suitable for you and your personal circumstances. Terms, conditions, limits and exclusions apply. Before making a decision, please consider the Product Disclosure Statement and Key Fact Sheets available at the foot of australianunity.com.au/insurance. The Target Market Determination is available by calling 1300 130 935. If you purchase this insurance, we will receive a commission that is a percentage of the premium up to 20%. Ask us for more details before we provide you with services. It's important that you read our Financial Services Guide before acting on any advice or taking out insurance through us.