Savings Booster

Boost the interest on your savings every month that you stick to your savings plan!

Boosted Interest rate
2.65%p.a1 2

Features & Benefits

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Boosted Interest
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Rewards Saving
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Set Savings Goals
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Instant access to funds

Our Savings Booster has been designed to help you reach your goals sooner. If you deposit just $100 a month without withdrawing, Savings Booster pays the Boosted Interest rate2, rewarding you for sticking to your savings plan and giving you an incentive to stay on track!

When the time does come to withdraw you have 24/7 instant access by Internet, Mobile and Phone Banking or in branch so you can get your hands on your hard earned cash right away!

Whether you're saving for a car, a holiday or a home loan deposit the Savings Booster rewards your progress and helps you get there sooner!

Product Details

Interest Conditions
Deposit at least $100 and don’t make any
withdrawals through the month to receive
boosted interest for that month.
Boosted interest paid on portion of
account balance up to $100,000.2
Interest Frequency
Calculated daily, paid monthly.
End of month rate applies to whole month.
Instant Access to Funds
Yes
Internet and Mobile Banking
Yes
Phone Banking
Yes
Direct Debits and Credits
Credits Only
Branch and Service Support Centre
Yes
Minimum Balance
No
Access Fee
$5.00
(Exempt when membership balance is over $5,000)
Internet, Mobile and Phone Banking Transactions
Free
Direct Credits
Free
Over the Counter Withdrawal
6 Free withdrawals per month
Additional withdrawals $2.00
(Exempt when membership balance is over $5,000)
Staff Assisted External Transfer
$2.25
Over Limit Fee
N/A
Direct Debit Dishonour
N/A
Bank Cheque Fee
$11.00
Cheque Deposit
$0.50
Base Interest rate
0.00%p.a
Boosted Interest rate
2.65%p.a1 2

Disclaimer

1 Interest rates are on a per annum basis and are current as at 01/10/17 and are subject to change. Please note that the interest rate effective at the end of each month applies to the whole month.

2 Interest payable reverts to Base Interest if interest conditions are not met. Base Interest paid on portion of account balance over $100,000.

This product is not available to businesses, associations or trusts. Maximum of one Savings Booster account per member.

Terms, conditions, fees and charges apply. See Fees & Charges for full details.
Please refer to the Conditions of Use when considering if this product is right for you.
Community Mutual Ltd is the issuer of the product.