Designed to help you reach your savings goals. Interest is calculated daily on the portion of the balance in each tier at the applicable interest rate and paid monthly.
Category: Transaction & Savings Accounts Last Updated January 31, 2024 Effective May 3, 2024
General Lending Rates
Rates listed below are for a VARIABLE product. Additional Information The interest rate that applies to any overdrawn amounts. This is calculated daily and charged monthly.
Interest Rate 17.50% PA
Comparison Rate 0.00%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.
Product Features
Unlimited TxnsAdditional Information: Unlimited electronic transactions available on your account
Free TxnsAdditional Information: Unlimited free electronic transactions available on your account
Npp PayidAdditional Information: Get faster payments between participating banks, anytime with a Pay ID
Npp Enabled
OtherAdditional Information: Funds are available after a 7 day retention period
OtherAdditional Information: Backed by the Government Deposit Guarantee for deposits up to $250,000
OtherAdditional Information: Securely lock your debit card in the GCMB App while you look for it and unlock it again when you find it
Product Eligibility
Residency Status - Permanent Resident. Additional Information: You must be an Australian resident
Natural Person
Bank Fees and Charges
Monthly Account Fee (Periodic), Amount: 6.00. Additional Information: Account fee charged when minimum monthly value is less than $5,000 includes combined balances of savings, term deposits and loans
Cash Withdrawal At Service Centre (Transaction), Amount: 1.00. Additional Information: A fee charged when requiring a staff assisted withdrawal from a Service Centre
Cash And Cheque Deposits At Anz (Transaction), Amount: 1.00. Additional Information: A fee charged when transacting at an ANZ branch
Manual Transfer Fee (Transaction), Amount: 5.00. Additional Information: A fee charged when you require staff assistance for a transaction from your account
Outward Rtgs Payment Fee (Withdrawal), Amount: 30.00. Additional Information: A Processing fee charged when you require funds to be sent straight away
Inward Rtgs And Swift Payment Fee (Deposit), Amount: 10.00. Additional Information: A processing fee charged when you receive funds through this channel
Paper Statement Fee (Periodic), Amount: 2.00. Additional Information: A fee charged to cover the cost of producing and sending paper statements
Inactive Account Fee (Periodic), Amount: 20.00. Additional Information: A fee charged on accounts inactive for 12 months
Dormancy Fee (Periodic), Amount: 20.00. Additional Information: A fee charged if your account remains inactive for 7 years, and we will treat your account as dormant. We have a legal obligation to remit dormant balances exceeding $500 to ASIC as unclaimed money
Recall Of Funds (Event), Amount: 55.00. Additional Information: A fee charged for a request to recall funds
Direct Debit Honour Fee (Payment), Amount: 15.00. Additional Information: A fee charged when you have insufficient funds in your account but we honour the transaction for you and overdraw your account
Direct Debit Dishonour Fee (Transaction), Amount: 20.00. Additional Information: A fee charged when you have insufficient funds in your account and we are unable to honour the transaction for you
Quickdebit Dishonour Fee (Transaction), Amount: 20.00. Additional Information: A fee charged when you have insufficient funds in your account and we are unable to honour the transaction for you
Late Payment Fee (Event), Amount: 15.00. Additional Information: A fee charged when you don't make your minimum monthly payment, plus any overdue amount
Temporary Daily Limit Increase (Event), Amount: 10.00. Additional Information: A fee charged when requiring a temporary higher transaction limit
Deposit Book Fee (Event), Amount: 25.00. Additional Information: A fee charged when ordering a new deposit book
Bank Cheque Fee (Withdrawal), Amount: 10.00. Additional Information: A fee charged when a bank cheque is drawn on your account
Cheque Deposit Dishonour Fee (Deposit), Amount: 10.00. Additional Information: A fee charged when you deposit a cheque and then it is subsequently dishonoured.
Cheque Stop Payment Fee (Event), Amount: 20.00. Additional Information: A fee charged when you require a stop payment on a drawn cheque
Foreign Cheque Deposit (up To $25k) (Transaction), Amount: 20.00. Additional Information: A fee charged for depositing a foreign cheque up to $25,000
Foreign Cheque Deposit (over $25k) (Transaction), Amount: 50.00. Additional Information: A fee charged for depositing a foreign cheque over $25,000
Telegraphic Transfer - Service Centre (Transaction), Amount: 35.00. Additional Information: A fee charged for a staff assisted foreign transfer
Telegraphic Transfer - Online (Transaction), Amount: 20.00. Additional Information: A fee charged for an online foreign transfer
Telegraphic Transfer - Australian (Transaction), Amount: 50.00. Additional Information: A fee charged for an online Australian transfer
Bank Draft (Transaction), Amount: 15.00. Additional Information: A fee charged for processing a bank draft
