Savings Accounts

Choose from accounts that reward you for saving, give you any time access or offer fixed returns.

Many ways to get you saving

Long or short term

Whether you’re saving for a birthday or a house deposit, we’ve got you covered

Flexible access or lock it away

Accounts designed for easy access to your savings or to lock them out of reach

Keep tabs online

Transfer easily between accounts and use quick balance to check your savings in a flash

Accounts to get saving

Incentive Saver

Rewarding you for growing your savings each month

Up to 5.25% p.a.

Earn 5.15% p.a. total variable rate for each month you qualify for bonus interest* when your balance remains below $250,000.

For a limited time, new Incentive Saver customers can receive an extra 0.10% p.a. on their variable bonus rate for the first 3 months when opened online.

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Maxi Saver

Earn introductory fixed interest for the first 3 months

Up to 5.15% p.a.

New Maxi Saver customers can earn up to 5.15% p.a. total introductory rate for the first 3 months¹ including a 3.70% p.a. introductory fixed interest rate and an online bonus rate of 0.35% p.a. on top of the standard variable rate, currently 1.10% p.a. Reverts to 1.10% p.a. standard variable rate after the first 3 months.

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Term Deposits

Lock away your funds and earn a fixed rate of return

Up to 4.80% p.a.

Includes the Fixed Rate Special Offer² Term Deposit of 4.70% p.a. for Terms of 9 months and an additional 0.10% p.a. online bonus offer³ when you open online. Terms and conditions apply.

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Calculate what you could earn on your savings

Use our handy calculators to compare how interest is earned on savings accounts and term deposits.

Important information

* Grow your account by at least $50 a month (for customers 21 or over) or $0.01 a month (for customers under 21), excluding interest, and your account balance does not fall below $0. Bonus interest rate may differ depending on account balance.

1. Maxi Saver total introductory rate

The total introductory rate of 5.15% p.a. for the first 3 months is a combination of an introductory fixed interest rate of 3.70% p.a. and an online bonus rate of 0.35% p.a. on top of the standard variable rate, currently 1.10% p.a. Only available for new Maxi Saver accounts opened online by applicants who have never held a Maxi Saver account before. Joint accounts are eligible where the primary account holder has not held a Maxi Saver account before.
Online bonus offer available from 26/07/2024 for a limited time only. Only available for new Maxi Saver accounts opened online by applicants who have never held a Maxi Saver account before. Joint accounts are eligible where the primary account holder has not held a Maxi Saver account before, and both applicants are existing customers. Other Joint accounts need to be opened in branch.
Offer may be varied or withdrawn at any time.
To hold a Maxi Saver account, you must also hold an eligible BankSA transaction account in the same name and be registered for Internet and Phone Banking. If you don't already have one, set up a Complete Freedom everyday account when you open a Maxi Saver account. Fees and charges may apply on the transaction account.

2. Term Deposit Special Offer

Existing BankSA personal and sole trader customers taking up a Special Offer Term Deposit.
Opened, or renewed during the grace period, via Internet Banking, the App or by talking to us. Not available in Business Banking Online.
Not available for Financial Institutions or Government customers.
For renewing Term Deposits, customer-initiated instructions must be provided in the grace period.
We reserve the right to withdraw, amend or extend the offer at any time.
Rate and offer apply for a single term.
Higher or lower rates may apply for subsequent terms.
You must provide a minimum of 31 days’ notice to access funds prior to maturity (except in cases of hardship).
If the deposit or any part of it is withdrawn early, an interest rate adjustment will usually apply.

3. Term Deposit Online Bonus Offer

Term Deposits opened or renewed during the grace period via Internet Banking or the App only. Not available in Business Banking Online.
The bonus offer will be applied in conjunction with any other rate offer that may apply.
Not available for customers who are not able to open or renew via Internet Banking (e.g., some joint accounts), business customers except sole traders or Term Deposits held as security.
For renewing Term Deposits, customer-initiated instructions must be provided in the grace period.
We reserve the right to withdraw, amend or extend the offer at any time.
Rate and offer apply for a single term.
Higher or lower rates may apply for subsequent terms.
You must provide a minimum of 31 days’ notice to access funds prior to maturity (except in cases of hardship).
If the deposit or any part of it is withdrawn early, an interest rate adjustment will usually apply.