Star Saver Direct Account
The Star Saver Direct Account helps you to reach your savings goals. With access to your funds via internet and mobile banking only, you can avoid temptation and be rewarded with an attractive interest rate.
No minimum
balance
Tiered
interest rate
Funds available
on call
Overview
Key features of the Star Saver Direct Account:
- No minimum balance to get started
- Competitive interest rates calculated daily and paid monthly
- Maximum balance $500,000
- Maximum transfer $5,000
- No monthly account keeping fees
- Savings available on call
- Direct credit facility available to help you save
- 24/7 access via internet and mobile banking
To open a Star Saver Direct Account, apply online, call us on 1300 13 23 28 or visit your nearest branch.
Rates & Fees
Monthly account keeping fee: $0
| Balance | Interest Rate |
| Below $2,000 | 0.01% p.a. |
| $2,000 | 0.05% p.a. |
Download Schedule of Fees and Charges
FAQs
We get asked similar questions about our Star Saver Direct Account. Have a different question? Call us on 1300 13 23 28.
How is the interest calculated?
Interest is calculated daily and is paid into your account monthly.
Is there a minimum balance needed to open the account and keep it active?
No, there is no minimum balance required to get your savings started.
What’s the maximum amount of money I can transfer?
The maximum you can transfer at one time is $5,000.
Are there restrictions on transferring money in and out of the account?
Transfers must be made into or out from your Australian Military Bank Access Account.
Is there a cheque facility available with this account?
No, the Star Saver Direct Account does not have a cheque facility. Refer to comparison table for a full list of features.
Features
Interest Rate
Monthly Fees
Online Banking
Mobile Banking
Interest Calculated
Interest Paid
Restricted Withdrawals
Minimum Balance
Maximum Balance
Minimum Deposit
Minimum Withdrawal
Direct Debit and Credit Facility
Bank @ Post
ATM and EFTPOS
Branch Banking
Use the arrows to scroll through the many Australian Military Bank Savings Accounts options RESET
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No minimum balance and a competitive interest rate0.05% p.a.$0DailyMonthlyNoN/A$500,000N/AN/ADirect Credit only
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Bonus rate for balances over $5,000* when no withdrawals are madeUp to 0.90% p.a.$0DailyMonthlyNo.
Conditions apply*N/A$500,000N/AN/ADirect credit only -
Specifically designed for self-managed super funds0.80% p.a.$0DailyMonthlyNoN/AN/AN/AN/AYes
-
Restricted withdrawals throughout the year to help you save0.25% p.a.$0Minimum monthly balanceAnnually 31 OctoberWithdrawals available only between 1 November and 31 January each yearN/AN/AN/AN/ADirect credit only
-
Competitive interest paid on a tiered basis with unlimited withdrawalsUp to 0.25% p.a.$0DailyQuarterlyNo$5,000N/A$500$1,000Direct Credit only
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Rewards program to encourage positive saving habits0.25% p.a.$0DailyQuarterlyYesN/AN/AN/AN/ADirect Credit only
MORE / LESS
Note: Important Information please read
The small print
*The bonus interest rate is applicable to the full account balance when you maintain a balance between $5,000 and $500,000 and don’t make any withdrawals during the month.
Rates are current as at 1 December 2020 and are subject to change at Australian Military Bank’s discretion.
The advice and information on this site doesn’t take into account your personal objectives, financial situation or needs, which you should consider before acting on any of our recommendations. To decide if this product is right for you, please carefully review our Terms and Conditions and Schedule of Fees and Charges.
The small print
*The bonus interest rate is applicable to the full account balance when you maintain a balance between $5,000 and $500,000 and don’t make any withdrawals during the month.
Rates are current as at 1 December 2020 and are subject to change at Australian Military Bank’s discretion.
The advice and information on this site doesn’t take into account your personal objectives, financial situation or needs, which you should consider before acting on any of our recommendations. To decide if this product is right for you, please carefully review our Terms and Conditions and Schedule of Fees and Charges.