Maximise your interest with BankVic’s Bonus Saver account
BankVic’s Bonus Saver account rewards consistent saving behaviour with a very competitive rate, when conditions are met. Here are the easy steps to help you reliably earn bonus interest every month.
Deposit at least $100 each calendar month
To qualify for bonus interest, you must deposit at least $100 into your Bonus Saver account during the defined calendar month period.
Tip: Automate your $100 transfer on the 1st of each month so you never miss eligibility.
Make no withdrawals during the month
BankVic requires zero withdrawals from the Bonus Saver during the month to earn bonus interest. Any withdrawal forfeits that month’s bonus rate.
Tip: Use a separate account for bills, transfers, or emergencies to keep the Bonus Saver untouched.
Understand BankVic’s definition of a “calendar month”
BankVic’s bonus period is not a standard calendar month. The calendar month runs from the close of the last day of the prior month to the close of the last day of the current month.
Tip: Deposit early in the month to avoid timing issues.
Deposit early to maximise daily interest
Interest is calculated daily and paid monthly. Depositing earlier in the month increases the number of days your money earns interest.
Enjoy the financial rewards!
Once you’ve met the eligibility criteria and set up your Bonus Saver to maximise the interest you can earn, you’ll start seeing the benefits from the following month onward. If you’ve arranged an automated deposit into your Bonus Saver account, you’ll continue to enjoy the rewards each month - sit back, relax, and let your money work for you.
Example
If you open a Bonus Saver account at a variable rate of 4.5%, (this includes a bonus rate of 4.45% plus a standard rate of 0.05%), with $1,000 as an initial deposit, making $100 regular monthly contributions then over 5 years you could earn approx. $966 in interest*.
*This assumes the interest rate remains at the rate listed above.
Opening a Bonus Saver
To open a Bonus Saver account, visit bankvic.com.au, click ‘Login” to access internet banking and then enter your member number and password. Alternatively, you can compare our accounts to find the right one for you.
We’re here to help
If you have any questions, call us on 13 63 73.
