Opening a savings account
Sometimes you'll want to put your money away, but have it easily accessible for when you need it; or you might want to save it up over time or put a lump sum away.
Earn a high interest rate with a savings account
Sometimes you might want to pull extra cash aside until you're ready to use it. With a savings account, you can earn interest on your savings, but still access them easily when you need it.
Our savings accounts
If you've just moved to Australia, we've got a range of bank accounts that could suit your savings needs. Some savings accounts give you easy access to your cash by transferring it to your linked everyday account (just use Internet or Mobile Banking). Other accounts could reward you for making regular contributions to your savings.
If you are opening an account, you need to provide forms of identification. For information on which specific type of identification documents are required, see BankSA Checklist. (PDF 1MB)
Incentive Saver
Rewarding you for growing your savings each month.
- Up to 4.80% p.a
- $0 Account keeping fee (other fees and charges apply)
Earn this bonus variable rate when you grow your account balance by $50 each month* and your account balance does not fall below $0.
Maxi Saver
Earn introductory bonus interest rate for the first 3 months
- Up to 4.80% p.a.
- $0 Account keeping fee (other fees and charges apply).
Limited time online offer:
Get this rate for the first 3 months if you're a new Maxi Saver customer. Includes an introductory bonus rate of 3.15% p.a. plus a 0.10% p.a. bonus for applying online.
Fixed Term Deposits
Lock away your funds and earn a fixed rate of return
- Up to 4.80% p.a.
- $0 Account keeping fee (other fees and charges apply).
On select terms for deposits between $1,000 and $2,000,000 with interest paid at maturity, annually, half yearly or monthly.
Why you should save with BankSA
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.
Before making a decision about any of our products or services, please read all the terms and conditions and consider whether the product or service is right for you. Fees and charges apply and may change.
Read the Terms and Conditions (PDF 664KB), including for fees and charges that may apply, before making a decision and consider if it is right for you.
For more information on Internet and Mobile Banking, please read Internet and Mobile Banking T&C's. (PDF 261KB)