BankVic Bonus Saver
Bonus rate
Reach your savings goals faster by earning bonus interest
- Base rate up to
- 0.05%
- Introductory rate
- None
- Maximum balance
- None published
Rate with bonus, up to
Rates by balance
| Balance | Base rate | Bonus | Total |
|---|---|---|---|
| $0 to $5,000,000 | 0.05% | +5.30% | 5.35% |
| $5,000,000 and over | 0.05% | +0.01% | 0.06% |
How to earn the bonus
Deposit $100 per month and make no withdrawals to earn bonus interest
Who can open it
- Age to open
- Any
- Maximum balance
- None published
Who it's for
- Member of BankVic.
How it compares
Against the other savings accounts we compare. Typical means the middle half of them.
Most it pays
5.35%
At its best balance, with any bonus. Typical is 3.65%.
Base rate
0.05%
What it pays without a bonus. Typical is 2.40%.
Pros and cons
Pros
- A higher rate. Up to 5.35%, above the typical 3.65%. On $10,000 that's about $535 a year.
Cons
- A low base rate. Only 0.05% in any month you miss the bonus conditions.
- Conditions for the bonus. Deposit $100 per month and make no withdrawals to earn bonus interest. Miss them in a month and you earn the base rate.
Similar savings accounts
Savings accounts from other banks that pay a similar rate at their best.
- Most it pays
- 5.35%
- Bonus conditions
- None
- Most it pays
- 5.35%
- Bonus conditions
- None
- Most it pays
- 5.35%
- Bonus conditions
- Yes
