Bank SA Savings Accounts

Since opening its doors in 1848, the Bank of South Australia has been working to provide quality financial products and advice as South Australia’s largest provider of banking, housing and personal financing services.

BankSA have long been recognised for their role within the community for not only offering competitive financial services but also by giving back to the people. Through community sponsorship programs, volunteer programs, providing financial assistance and organising charitable programs, BankSA has affirmed its place within the fabric of not only South Australia society, but also the nation as a whole.  

Featured Bank SA Savings Account

BankSA Maxi Saver offer a high interest rate on your savings. Plus no fixed terms, no minimum balance and no monthly service fees

• Maximum Rate: 4.85%
• Standard Variable Rate: 4.85%
• Bonus Rate:
• Monthly Account Fees: $0
• Minimum Balance: $1
• Minimum Deposit: $0

Read the BankSA Maxi Saver terms and conditions

BankSA Savings Account Comparison

Savings Account	Account Details	Maximum Variable Rate p.a.	Standard Variable Rate p.a.	Bonus Interest p.a.	Fees	Min Balance/Min Deposit
BankSA Maxi Saver	A high interest rate from BankSA with no monthly service fees	4.85%	4.85%		$0	$1 / $0

Awards and recognition:

• Australian Banking and Finance Awards 2010, BankSA SENSE. Winner of ‘Innovative Retail Banking Product of the Year’.    
• Money Magazine 2010, ‘Banking Website of the Year’.  
• Canstar Cannex 2010, BankSA SENSE ‘Innovation and Excellence Award’

BankSA are more than just a provider of financial services. When you entrust your savings to an institution, you expect them to work with you while you aim to reach your financial goals and BankSA do exactly that.

Benefits of Banking with BSA

In addition to a competitive interest rate on your deposited funds and a simple fee free approach to banking that gives you cash every opportunity to grow, BSA offer an approach to money management that focuses on helping you save.

Set up an automatic deposit to your savings account from your everyday transactions account at a rate that suits you to grow your bank account with a competitive rate of interest; the more you save the more you earn.

Maxi Saver

The BankSA Maxi Saver is serious about saving you money. The only fees you will pay are if you use a non-partnered ATM, a $2 statement fee and a foreign currency conversion fee, that’s all. This shows BankSA seriousness about saving you cash and making sure that every dollar saved counts.

Features of the BankSA Maxi Saver account include:

• A competitive 4.85% rate of interest earned on your savings.
• An approach to savings and system of banking that helps you reach your goals sooner rather than later.  
• $0 monthly service fee.
• No minimum deposit requirement.
• Complete control over your money through 24/7 Internet and phone banking anywhere in the world.

BankSA SENSE Account

BankSA SENSE Accounts is two accounts in one. The SENSE Savings account and SENSE Everyday transaction account provide you with the freedom to manage your everyday money and savings as well as making a contribution to your account when you link it with the Visa Debt Card through their rounding feature.

Features of the BankSA SENSE Account.

• Rounding: If you make a purchase with your Visa Debt Card linked to your SENSE account and the amount is not a whole dollar, BankSA will round the amount up to the nearest dollar and deposit the difference into your account.
• 4.60% interest earned on your savings.
• $5 account fees when you deposit $2,000 or more  a month into your account.
• Free and easy access to your money and savings with online and telephone banking.  

Incentive Saver Account

The Incentive Saver account does exactly what the name suggests, it provides you with incentives to help you reach your financial goals. Every time you deposit funds into your Incentive Account and make no withdrawals, you will receive a bonus rate of interest.

Features of the Incentive Saver Account

• Standard variable base rate of 1%
• Bonus rate 3.90% when you make a deposit and no withdrawals.
• Earn bonus interest with the every month when you deposit funds and make no withdrawals.
• $0 account service fees
• No minimum monthly balance required

Investment Cash Account

The account for those investors and savers who are looking to take their savings into overdrive. The more money you deposit into your savings account the more you earn with rates of interest that grow with your savings.

Features of the Investment Cash Account

• Benefit from tiered interest rates. The higher the balance of your savings account, the higher the rate of interest. For example you will earn 3% on balances under $5,000 and 4.10% on balances $500,000 and over with incremental increases on balances between those amounts.
• $0 monthly account fees and five free withdrawals every month.
• Unlimited and easy access to your money through online banking.

Have a look at BankSA savings accounts for products that combine a community minded approach with the professionalism of a big bank.

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  If your someone who can resist frequent withdrawals from your savings, a Bank of South Australia term deposit account may be the right account for you. With the ability to use the account as your own Super Fund, this account is a great way to let your hard earned savings mature into your retirement years.