Finty
LCU

LCU Esaver Account

No conditions on the rate

Maximise your interest return with an online savings account for balances over $1000

Written byDavid Boyd
Base rate up to
1.00%
Introductory rate
None
Maximum balance
None published

Rate a year, up to

Open account

Rates by balance

BalanceBase rate
$0 to $1,0000.00%
$1,000 and over1.00%

Who can open it

Age to open
Any
Maximum balance
None published

Who it's for

  • Must be a shareholder owning a $10 share. Each shareholder holds an equal share regardless of their balance. Shareholders have a say in how we are run. "Own your Bank". $10 share is refunded if you choose to close your account.
  • To be eligible to join you must be at least 8 years of age and referred by a family member or friend who already has an account with LCU. Alternatively you may be eligible to join if you: work or live in the greater Ryde area; have an association with Riverside Corporate or Macquarie Park; or work in a STEM industry.

How it compares

Against the other savings accounts we compare. Typical means the middle half of them.

Most it pays

1.00%

At its best balance, with any bonus. Typical is 3.65%.

Base rate

1.00%

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 1.00%, 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.