WATCH YOUR SAVINGS TAKE OFF IN 2024!

For your chance to win 1 of 10 $2,000 cash prizes, simply:

  • Open an Online Saver (if you don't already have one) and
  • Deposit $1,000 (and make no withdrawals) between 12 February and 3 May


The perfect account for the everyday saver.

The Online Saver Account gives you access to your money exclusively via Internet Banking or Mobile Banking, so you can avoid temptation and reach your savings goals faster. Plus, you’ll be rewarded with a competitive bonus interest rate when the conditions on the account are met*.

Earn an ongoing bonus variable rate up to:

4.50%

p.a.

Includes a bonus interest rate for balances between $0 - $500,000 when no withdrawals are made during the calendar month*

Here's why we love our Online Saver Account:

No minimum balance to get started

Maximum balance $500,000

No monthly account keeping fees

Free transfers available through a linked bank account

Competitive interest rate calculated daily and paid monthly

Apply for an Online Saver account now

You're just a step away from earning up to 4.50% p.a.* on your savings.

New to AMB?Apply via our app

Download our app from the app store to apply online with ease.

When you sign up, you'll have to open an eligible transaction account.

Existing membersapply online

If you already have an Online Saver you're set, otherwise simply open an Online Saver via Internet or Mobile Banking.

Log into your AMB account via the button below to apply online.

Log in to apply

In personApply in-branch

Whether you're a new or existing member, come and see our friendly team in branch to apply.

Find your nearest branch viathe button below.

Find a branch
Explore our Everyday Accounts

Don't hold an eligible transaction account with us?

Important information.

Competition

Competition period: 00:00am 12/02/24 - 11:59pm 03/05/24


Entry open to Australian Military Bank members aged 18 years and over who have an existing, or open a new, Online Saver account during Competition Period. Entrants must deposit a minimum of $1,000 in their Online Saver account, and make no withdrawals, during Competition Period. Limit of 1 entry per account.


Authorised under ACT Permit No. ACT TP 24/00231, SA Licence No: T24/200, and NSW Authority No. TP/03280


For full Terms and Conditions please click here


FAQs

How is the interest calculated?

The Online Saver has two interest rate tiers as well as a bonus interest rate. Interest is calculated daily and is paid into your account monthly.

Your quarterly statement will display 2 separate line items identifying the standard interest earned and Bonus interest earned (if applicable).

Is there a minimum balance needed to open the account and keep it active?

No, there is no minimum balance required. However to earn the bonus interest rate on the account, your account balance must be between $0 and $500,000.

Are there any restrictions on withdrawals?


No, there are no restrictions; however you will forfeit any bonus interest if you make a withdrawal during the month.

How do I get the bonus interest rate?


In order to earn the bonus interest, you must meet two conditions.

The account balance must be between $0 and $500,000.

There must have been no withdrawals in the past full month.

In the event your account meets the balance criteria mid month (due to a deposit) and there have been no withdrawals in the month, the bonus interest will only be applied for the number of days that the account was eligible.

Click here for more information

Terms and conditions

*The bonus interest rate is applicable to the full account balance when you maintain a balance between $0 and $500,000 and don’t make any withdrawals during the calendar month. For more details click here.


Rates are current as at 1 December 2023 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 Account and Access Facility Terms and Conditions and Schedule of Fees and Charges.


The Target Market Determinations (TMD) for our products are available here

© Australian Military Bank 2024

Australian Military Bank Ltd ABN 48 087 649 741
AFSL and Australian Credit Licence Number 237 988.

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