Firefighters Mutual Bank Edvest Cash Management account
No conditions on the rate
Exclusive to Edvest members, our higher interest rates make your money work harder for you.
- Base rate up to
- 1.25%
- Introductory rate
- None
- Maximum balance
- None published
Rate a year, up to
Rates by balance
| Balance | Base rate |
|---|---|
| Any balance | 1.25% |
Who can open it
- Age to open
- Any
- Maximum balance
- None published
Who it's for
- This product is only available to members who are 50 years or older and part of our Edvest benefit scheme and currently hold an Everyday Direct or Bill Paying account with us.
- You must be a member. Membership is open to citizens or permanent residents of Australia who are current or retired employees or volunteers in the Australian emergency services sector or are family members of members (i.e. shareholders) of the Bank.
How it compares
Against the other savings accounts we compare. Typical means the middle half of them.
Most it pays
1.25%
At its best balance, with any bonus. Typical is 3.65%.
Base rate
1.25%
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 1.25%, below the typical 3.65%, so your savings grow more slowly than in many other accounts.
Similar savings accounts
Savings accounts from other banks that pay a similar rate at their best.
- Most it pays
- 1.25%
- Bonus conditions
- None
- Most it pays
- 1.25%
- Bonus conditions
- Yes
- Most it pays
- 1.25%
- Bonus conditions
- None
