Easy Street Easy Savings Account
What happens when I click Apply Now?
- Clicking Apply will take you to your Online Application on the bank's website. You do not need to be a customer of this bank to apply.
- Your application will typically take you no more than 10-15 minutes to complete
- Tip: Have your Tax File Number ready as it will speed up your application.
- In most cases, your new savings account will be setup immediately after you apply.
Use your savings to cushion you against potential financial stress, by using a flexible, high interest savings account from Easy Street. The Easy Street Easy Savings account has:
- A high ongoing variable interest rate, currently 4.60%
- No fees, ever
- No penalties for making withdrawals
- No minimum deposit requirements
- At call access to your funds.
| Maximum Variable Rate | 4.60% |
|---|---|
| Standard Variable Rate | 4.60% |
| Bonus Variable Rate | 0% |
| Monthly Fee | |
| Minimum Deposit |
Features of the Easy Savings Account
When you have the right savings account with the best features, saving doesn’t have to be a chore or something you regret because you’re not doing enough of it. Sometimes you can’t save as much as you’d like to, or you may need to withdraw money to pay for an expense. The Easy Street Easy Savings Account makes your money work hard for you, regardless of how you use your account as it doesn’t penalise your interest rate or charge you fees if you aren’t meeting certain conditions. The Easy Savings account gives your savings maximum flexibility with the following features:
- A high ongoing variable interest rate, currently 4.60%. You can earn this high ongoing interest rate on your savings balance no matter how you use your account. You won’t be penalised for making withdrawals and you don’t need to deposit a minimum amount each month.
- No penalties or special requirements. Your money will earn the maximum interest (currently 4.60%) every day. It also doesn’t limit you as you don’t need to keep a minimum or maximum account balance
- Interest calculated daily, paid monthly. Interest on your Easy Savings Account is calculated daily and paid into your account monthly. This means that you earn compound interest, which is interest on interest. For example, if you have $100 in your account, on the first day of the month you will earn interest on $100 on the second day you will earn interest on a total of $100 plus the interest from the day before, and so on. This means it is of benefit to you to make regular contributions throughout the month so interest can compound, rather than one deposit at the end of the month.
- No fees. There are no accounts keeping or transaction fees to eat into your savings.
- At call access to your funds. You can access your savings at any time because they are not locked into a fixed term account, but available 24 hours a day, seven days a week.
- Online account access. You can view and manage your account online at any time so you are always on top of your savings plan.
- The option of a regular savings plan. To keep your savings growing, you can set up and manage your own regular savings plan using Easy Street Internet Banking. You can save as much or as little as you like, or if you’d prefer, you can choose to not have one at all.
How to use the Easy Savings Account
When you set up your Easy Savings account, you nominate a bank account to link it to which you will use to move money in and out of your Easy Savings account. When you are able to view and manage your account online you will always know how your savings are progressing. If you need to deposit a little more to reach your goal, you can elect to set up a simple savings plan within Easy Street Internet Banking You then be able to make regular deposits to your Easy Savings Account without having to remember, and your savings will grow before your eyes.
How to Apply for an Easy Savings Account
You can apply for an Easy Savings account online in just four steps and it takes just a few minutes. Before you start the application, make sure you have the details of your current bank account which you will use to transfer funds in and out of your Easy Savings Account. This linked account is the only way you will be able to move money in and out of the account – restricting your access is an excellent way to avoid the temptation of dipping in to your savings.
You will also need to make sure you have enough money in your existing account to cover the $2 initial deposit. You can choose to deposit more than $2 but this is what you’ll need to get started. All you need to do is provide your account details and Easy Street will take care of the deposit for you.
As Easy Street don’t accept cash or cheque deposits, all future deposits and withdrawals will need to be managed online via Easy Street’s secure Internet Banking Service.
Part of the application process for a new high interest savings account should be determining if this is the right account for you. You can be sure that your savings will be safe with Easy Street, as they are owned and operated by Community First Credit Union. Community First is the largest community based credit union operating throughout Sydney and the Central Coast, and have been providing financial services since 1959.
To get your savings on track and keep them there, complete the online application for an Easy Savings Account now and embrace the freedom which comes with financial responsibility.
Read the official terms and conditions
No related posts.
Top High Interest Savings Accounts
All of these accounts are FREE to open and require no minimum deposit. They all have easy internet banking access with no transaction fees.
| Savings Account | Account Details | Maximum Variable Rate p.a. | Standard Variable Rate p.a. | Bonus Interest p.a. | Fees | Min Balance/Min Deposit | |
|---|---|---|---|---|---|---|---|
 RaboDirect High Interest Savings Account | Limited time offer. Enjoy a leading rate on your savings. | 5.60% | 4.85% | 0.75% | $0 | $0 / $0 |
 
|
 UBank USaver | High ongoing rate plus if you deposit $200 monthly you receive a bonus 0.60% p.a, taking this up to an even higher rate. Open online. | 5.51% | 4.91% | 0.60% | $0 | $0 / $0 |
|
 HSBC Serious Saver | Enjoy an introductory variable rate for 4 months for balances up to $1,000,000. Limited time only! | 5.55% | 4.25% | 1.30% | $0 | $0 / $0 |
|
Ask A Question About This Card