Virgin Money Australia Grow Saver
Bonus rate
If you don't need an everyday bank account, but you're after the benefit of a dedicated high interest savings account, a Grow Saver has your name all over it.
- 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 $250,000 | 0.05% | +3.25% | 3.30% |
| $250,000 and over | 0.05% | None | 0.05% |
How to earn the bonus
Additional variable interest rate earned on a Grow Saver where the optional Lock Saver Feature is enabled. Provide 32 days' advance notice to unlock your account or withdraw your money.
Who can open it
- Age to open
- 14 and over
- Maximum balance
- None published
How it compares
Against the other savings accounts we compare. Typical means the middle half of them.
Most it pays
3.30%
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
Nothing stands out.
Cons
- A low base rate. Only 0.05% 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
- 3.30%
- Bonus conditions
- None
- Most it pays
- 3.30%
- Bonus conditions
- None
- Most it pays
- 3.30%
- Bonus conditions
- None
