As a customer-owned bank, we carefully consider the needs of all our customers to ensure we make a balanced decision for both our loan and deposit customers.
Following the RBA’s decision to cut the official cash rate, Beyond Bank will be making some adjustments to our savings account interest rates. The tables below show some of the rate changes that we will be making to our Savings Account products. Rates for these accounts will change on Thursday, 6 March 2025.
Current Savings Accounts.
From Thursday, 6 March 2025, Beyond Bank’s advertised Savings Accounts Interest Rates will be as follows.
monEsaver
| Tier | Current Rate (% p.a.) | New Rate (% p.a.) | Change (% p.a.) |
| $0 - $4,999 | 2.30 | 2.05 | -0.25 |
| $5,000 - $199,999 | 2.60 | 2.35 | -0.25 |
| $200,000 + | 2.85 | 2.60 | -0.25 |
Purple Bonus Saver
| Tier | Current Total Rate (% p.a.)* | New Total Rate (% p.a.)* | Change (% p.a.) |
| $0 - $199,999 | 4.65 | 4.40 | -0.25 |
| $200,000+ | 0.00 | 0.01 | No change |
Community Reward Account
| Tier | Current Rate (% p.a.) | New Rate (% p.a.) | Change (% p.a.) |
| $0 - $4,999 | 2.10 | 2.00 | -0.10 |
| $5,000 - $199,999 | 2.40 | 2.30 | -0.10 |
| $200,000 + | 2.65 | 2.40 | -0.25 |
Retirement Account (and no longer available Everyday 55 Account)
| Tier | Current Rate (% p.a.) | New Rate (% p.a.) | Change (% p.a.) |
| $0 - $4,999 | 1.25 | 1.15 | -0.10 |
| $5,000 - $48,599 | 1.45 | 1.35 | -0.10 |
| $48,600 + | 1.90 | 1.80 | -0.10 |
BU Account
| Tier | Current Rate (% p.a.) | New Rate (% p.a.) | Change (% p.a.) |
| $0 + | 3.00 | 2.85 | -0.15 |
Community Account (and no longer available Cash Management Account)
| Tier | Current Rate (% p.a.) | New Rate (% p.a.) | Change (% p.a.) |
| $0 - $4,999 | 0.01 | 0.01 | No Change |
| $5,000 - $19,999 | 0.50 | 0.35 | -0.15 |
| $20,000 - $99,999 | 1.00 | 0.85 | -0.15 |
| $100,000+ | 1.25 | 1.10 | -0.15 |
Bank Guarantee Facility Account
| Tier | Current Rate (% p.a.) | New Rate (% p.a.) | Change (% p.a.) |
| $0+ | 3.70 | 3.45 | -0.25 |
Accounts no longer available for sale.
From Thursday, 6 March 2025, Beyond Bank’s Savings Accounts Interest Rates will be as follows.
These accounts can no longer be opened, and the following rates apply to existing accounts only.
Junior Saver Account
| Tier | Current Rate (% p.a.) | New Rate (% p.a.) | Change (% p.a.) |
| $0 + | 3.00 | 2.85 | -0.15 |
Bonus Saver Account / Bonus Youth Account
| Tier | Current Total Rate (% p.a.)* | New Total Rate (% p.a.)* | Change (% p.a.) |
| $0 - $4,999 | 2.20 | 1.95 | -0.25 |
| $5,000 + | 2.40 | 2.15 | -0.25 |
Double Interest Saver Account
| Tier | Current Total Rate (% p.a.)* | New Total Rate (% p.a.)* | Change (% p.a.) |
| $0 - $4,999 | 2.20 | 1.96 | -0.24 |
| $5,000 + | 2.40 | 2.16 | -0.24 |
Money Market Account
| Tier | Current Rate (% p.a.) | New Rate (% p.a.) | Change (% p.a.) |
| $0 - $49,999 | 0.00 | 0.00 | No Change |
| $50,000 + | 2.00 | 1.75 | -0.25 |
Home Saver Account
| Tier | Current Total Rate (% p.a.)* | New Total Rate (% p.a.)* | Change (% p.a.) |
| All balances | 2.55 | 2.30 | -0.25 |
Christmas Club Account
| Tier | Current Rate (% p.a.) | New Rate (% p.a.) | Change (% p.a.) |
| All Balances | 2.50 | 2.25 | -0.25 |
* The total interest amount includes bonus interest and will apply where eligibility is met. For details, see our product guide or applicable product schedule. Where total interest eligibility is not met, the base interest applicable to the account will apply; see all interest rates.
We're here to help.
We are very mindful of cost-of-living pressures and their impact on people today, and that interest rates can have a significant influence on this. We will always take an approach based on working with our owner-customers in a caring and supportive way.
If you need assistance with your accounts, please call 13 25 85, option 4 to speak to our specialist team.
For general tips and resources for your financial wellbeing, please visit beyondbank.com.au/financial-wellbeing.html
