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Reward Saver Account

Helps you reach your savings goals faster by rewarding you with bonus interest for saving $50 a month with no withdrawals.

earn up to

5.25

% p.a1

=

2.00% p.a
Introductory bonus rate

+

3.25% p.a
Standard bonus rate

All account holders must be eligible members to receive introductory bonus rate, which is payable for the first 4 months

Deposit $50 or more a month and make no withdrawals to earn the both the introductory and standard bonus rates.

Payable on balances up to $1 million

Features

The IMB Reward Saver Account is the ideal account to help you save for something special. It rewards you with bonus interest when you deposit as little as $50 a month and make no withdrawals during the month, so your savings can grow faster. Plus there are no monthly account keeping fees.

No monthly account keeping fees2

Set up automatic transfers from your Everyday Account

Access to real time payments through Osko®

Personalise your account name (e.g. ‘Holiday Savings’)

Earn bonus interest by saving as little as $50 a month with no withdrawals1

Rates & Fees

Account Balance

Standard Variable
Interest Rate

Standard Variable
Bonus Rate1

Introductory Fixed
Bonus Interest Rate1

Earn up to

$1,000,000.01 & above

0.00

% p.a.

0.00

% p.a.

0.00

% p.a.

0.00

% p.a.

$500,000.01 - $1,000,000.00

0.00

% p.a.

3.25

% p.a.

2.00

% p.a.

5.25

% p.a.

$100,000.01 - $500,000

0.00

% p.a.

3.25

% p.a.

2.00

% p.a.

5.25

% p.a.

$5,000 - $100,000

0.00

% p.a.

3.25

% p.a.

2.00

% p.a.

5.25

% p.a.

$0 - $4,999.99

0.00

% p.a.

3.25

% p.a.

2.00

% p.a.

5.25

% p.a.

Calculate my savings

Opening an account is easy

Understand the important information

Read the product information, terms and conditions, and fee information

Apply online in under 10 minutes

Give yourself approximately 10 minutes to go through the application

Open an IMB Bank Account

Have your ID ready

Have your ID handy so we can verify your identity electronically (open to Australian residents, 13 years and over)

Need support?

Contact us

Get in touch with one of our Australia-based team.

Locate us

Our friendly branch staff are looking forward to helping you achieve your financial goals.

Got a question on Savings?

When is interest on my Reward Saver account paid?

When is the Introductory Fixed Bonus Rate paid on my Reward Saver Account?

How does the Introductory Fixed Bonus Interest Rate work on my Reward Saver account?

How do I earn bonus interest on my Reward Saver account (what is the Bonus Interest Criteria)?

why us

IMB Bank is one of the most enduring financial institutions in the country, helping people achieve their financial goals for over 140 years.

Find out more

Your security, our priority

Security is a fundamental right for our customers, and we hold it as one of our core values.

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Important Information

General

Information current at date of appearance and subject to change. You should consider the Product Disclosure Statement before making a decision about IMB products and facilities. Target Market Determination available here. Fees and charges may apply, see the PDS – Fees, Charges and Limits for more details.

Interest on all deposits is calculated on the daily balance at a daily rate equivalent to the annual rate divided by 365. A different rate applies to the portion of the balance in each tier.

Rates and features

1. The interest rate shown is payable on balances up to $1M only. The Introductory Fixed Bonus Interest Rate is payable for the first 4 interest payments for new accounts opened from 1 September 2023, for new or existing Members who have not held a Reward Saver account before. For joint accounts, all members must be eligible to receive the Introductory Fixed Bonus Interest. After the first four months, only the Standard Variable Bonus Rate applies. To earn both the Introductory Fixed Bonus Interest Rate and Standard Variable Bonus Rate the account holder must make a minimum $50 deposit and no withdrawals per month (Bonus Interest Criteria). If the Bonus Interest Criteria is not met for the calendar month, both the Standard Variable Bonus Rate and Introductory Fixed Bonus Interest Rate are forfeited.

2. Transaction fees and other charges apply.

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