AMB Bank Recruit Salary Saver
No conditions on the rate
We know that starting out financially can be a challenge. That’s why we’ve introduced our Recruit Salary Saver Account exclusively for new Defence Force Recruits. It’s a simple everyday transaction account that has a high interest rate to give new Recruits a financial head start in their careers.
- Base rate up to
- 2.00%
- Introductory rate
- None
- Maximum balance
- None published
Rate a year, up to
Rates by balance
| Balance | Base rate |
|---|---|
| Any balance | 2.00% |
Who can open it
- Age to open
- 12 to 30
- Maximum balance
- None published
How it compares
Against the other savings accounts we compare. Typical means the middle half of them.
Most it pays
2.00%
At its best balance, with any bonus. Typical is 3.65%.
Base rate
2.00%
What it pays without a bonus. Typical is 2.40%.
Pros and cons
Pros
- No conditions. You earn the same rate every month, with no deposits to make or withdrawals to avoid.
Cons
- A lower rate. Up to 2.00%, below the typical 3.65%, so your savings grow more slowly than in many other accounts.
- An age limit. Only for people up to 30.
Similar savings accounts
Savings accounts from other banks that pay a similar rate at their best.
- Most it pays
- 2.00%
- Bonus conditions
- None
- Most it pays
- 2.00%
- Bonus conditions
- None
- Most it pays
- 2.00%
- Bonus conditions
- None
