Maximise your interest with BankVic’s Bonus Saver account

Deposit at least $100 each calendar month 

To qualify for bonus interest, you must deposit at least $100 into your Bonus Saver account during the defined calendar month period. 

Tip: Automate your $100 transfer on the 1st of each month so you never miss eligibility. 

Make no withdrawals during the month 

BankVic requires zero withdrawals from the Bonus Saver during the month to earn bonus interest. Any withdrawal forfeits that month’s bonus rate.  

Tip: Use a separate account for bills, transfers, or emergencies to keep the Bonus Saver untouched.  

Timing your deposit is just as important as the amount you save    

Ensure you have deposited $100 before 5:00pm, Melbourne time, on the last day of the calendar month. Interest is calculated daily and paid monthly. Depositing earlier in the month increases the number of days your money earns interest.  

Tip: Deposit early in the month to avoid timing issues. 

Enjoy the financial rewards 

Once you’ve met the eligibility criteria and set up your Bonus Saver to maximise the interest you can earn, you’ll start seeing the benefits from the following month onward. If you’ve arranged an automated deposit into your Bonus Saver account, you’ll continue to enjoy the rewards each month - sit back, relax, and let your money work for you. 

Example  

If you open a Bonus Saver account at a variable rate of 4.5%, (this includes a bonus rate of 4.45% plus a standard rate of 0.05%), with $1,000 as an initial deposit, making $100 regular monthly contributions then over 5 years you could earn approx. $966 in interest*.  

*This assumes the interest rate remains at the rate listed above. 

Opening a Bonus Saver 

To open a Bonus Saver account, visit bankvic.com.au, click ‘Login” to access internet banking and then enter your member number and password. Alternatively, you can compare our accounts to find the right one for you.   

We’re here to help 

If you have any questions, call us on 13 63 73.  

This information is general only, does not consider your personal circumstances and you should consider its appropriateness & refer to the T&Cs, available on request, before acquiring the product. Fees & charges may apply & interest rates are subject to change. Police Financial Services Limited ABN 33 087 651 661 - trading as BankVic | AFSL and Australian Credit License 240293.