Beyond Bank Australia Purple Bonus Saver
Bonus rate
The Purple Bonus Saver Account is designed to assist you to grow your savings and achieve your goals.
- Base rate up to
- 0.01%
- Introductory rate
- None
- Maximum balance
- None published
Rate with bonus, up to
Rates by balance
| Balance | Base rate | Bonus | Total |
|---|---|---|---|
| $0 to $200,000 | 0.01% | +4.89% | 4.90% |
| $200,000 and over | 0.01% | +0.01% | 0.02% |
How to earn the bonus
You will become eligible for bonus interest if you: a) deposit at least $50 during the month; and b) do not make a withdrawal during the same month. Interest is paid monthly. No bonus interest is earned on balances greater than $200,000.01 the base rate will apply. Interest is paid monthly.
Who can open it
- Age to open
- Any
- Maximum balance
- None published
Who it's for
- Membership: You must be or become a Beyond Bank Australia member.
How it compares
Against the other savings accounts we compare. Typical means the middle half of them.
Most it pays
4.90%
At its best balance, with any bonus. Typical is 3.65%.
Base rate
0.01%
What it pays without a bonus. Typical is 2.40%.
Pros and cons
Pros
Nothing stands out.
Cons
- A low base rate. Only 0.01% in any month you miss the bonus conditions.
- Conditions for the bonus. You need to meet them every month, or you earn only the base rate.
Similar savings accounts
Savings accounts from other banks that pay a similar rate at their best.
- Most it pays
- 4.90%
- Bonus conditions
- None
- Most it pays
- 4.90%
- Bonus conditions
- None
- Most it pays
- 4.95%
- Bonus conditions
- None
