Compare Bank Accounts

Provider Account Name Maximum Rate Standard Rate Bonus Rate Account Fees Minimum Balance  
BankSA Maxi Saver
Maximum Rate
(for first 3 months)
Standard Rate
Bonus Rate
Account Fees
Minimum Balance
minimum opening balance
We Say...

The BankSA Maxi Saver high interest savings account has no fixed terms, balance or service fees. Easy access via mobile app, online, phone or branch, through any eligible BankSA account.

Why Choose This Account?
  • No fees.
  • No minimum balance.
Additional Information
  • Foreign currency conversion charge for using your ATM internationally.

Key Features

Max Rate. Mini Hassle.

Save faster with a competitive interest online savings account with the ability to have branch access.

  • No fixed terms..
  • New Maxi Saver customers can earn up to 3.65% p.a including a a base rate of 2.00% p.a, and bonus rate of 1.65% p.a. which is fixed for the first 5 months.
  • Easy access via mobile app, online, phone or branch, through any eligible BankSA account.
  • No minimum balance1.
  • No monthly service fees2.
  • Earn competitive interest on every dollar.
  • For personal customers only. Business customers can open a Business Access Saver. Or for your Self Managed Super Fund, open a DIY Super Saver Account.

Our Review

If you are serious about saving money then the BankSA Maxi Saver could be suited for you. This is because the only fees BankSA charges is a fee for using ATM’s that are not part of the Westpac network, there is a fee is you request a statement and a foreign currency conversion charge and that is it.

To be able to access balances held in your Maxi Saver account, the account must be linked to a transaction account that is eligible. The transaction account must be held with BankSA and can be used to withdraw and deposit cash when necessary.

Aside from not being hit with fees every time you wish to transact in one way or the other there is a competitive rate of interest that is offered with this account that lets savers earn returns on every dollar that is deposited. You can even set up an automatic savings plan and have money deposited in the account automatically which means your savings earn interest well before you have even had the chance to spend it.

Access to funds is of course 24/7. You can simply walk into any BankSA branch or use the internet or telephone completely free of charge but do remember if you make a withdrawal from an ATM overseas you will but hit by the foreign currency conversion charge of 3%.

In Australia you can withdraw cash completely free of charge through the Westpac network including Westpac, Bank of Melbourne, and St. George.

BankSA Maxi Saver Rates & Info
Account Name
BankSA Maxi Saver
Maximum Rate
3.65% p.a. (for first 3 months)
Standard Rate
2.00% p.a.
Bonus Rate
1.65% p.a.
Minimum Balance
BankSA Maxi Saver Fees & Charges
Account Fee
Terms & Conditions

Important Information

Fees and charges apply.

To hold a Maxi Saver account you must also hold an eligible BankSA transaction account in the same name or have an existing eligible BankSA joint account with your name in the title. Fees may apply to your eligible working account.

Read the terms and conditions before making a decision:

BankSA Maxi Saver Banking Services Terms and Conditions and General Information

Please read this document and keep a copy. You can request a paper copy at a branch.

BankSA – A Division of Westpac Banking Corporations ABN 33 007 457 141 AFSL and Australian credit licence 233714

Apply Now
Featured Ad
Featured Bank Accounts

Latest News from the comparedinkum Blog

Younger Australians Actually Have Good Credit Habits According To Research

Millennial’s are often criticised for their financial management skills, particularly for their love of spendthrift activities such as expensive brunches and international travel. However, it turns out that young Aussies may actually be quite financially savvy especially when it comes to avoiding bank charges and debt. According to research released by ING, Australian millennial’s are not only actively seeking to minimise their bank fees, they also place a lot of importance on paying off debt as quickly as possible. Continue reading

Term Deposit Rates On The Rise

In July term deposits on tenures ranging from 1 to 3 years reached their highest level since 2017 continuing the trend of rate hikes. In June, research shows that there were ten times the number of rate hikes as there were rate cuts.  AMP, ANZ and many smaller lenders and cooperatives hiked their rates by anywhere between 5 and as many as 20 basis points. The rate hikes are in response to higher funding costs on international wholesale markets so the banks are trying to encourage more local deposits. Continue reading

Mobile Apps Are The Future Of Banking

Across the world people are taking to mobile banking in droves and Australia is no different. A rising number of Aussies are using mobile banking apps to manage their money and if you happen to be one of them, then it appears that you are much more likely to recommend your bank to friends and family. According to a recent survey undertaken by Roy Morgan, more than two-thirds of people polled said they would probably recommend a bank after using its mobile app. This is way more than people who visit branches or bank by phone. Continue reading

Latest from Twitter