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Mini meca 2024

Great Southern Bank Goal Saver

Advertiser disclosure
Interest rate
0.50% p.a.(for $0 and over)
Maximum rate
5.35% p.a. (for $0 to $50,000)
Govt deposit guarantee
Yes up to $250,000

Mozo editorial review Great Southern Bank Goal Saver - last updated: 26 March 2024

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What's hot
  • 5.35% p.a. maximum rate
  • No account keeping fees
What's not
  • Maximum age 24
Mozo snapshot

Great Southern Bank's Goal Saver Account offers a competitive interest rate for 18-24 year olds looking to grow their cash. The base interest rate is 0.50% p.a., but if you deposit at least $500 into an attached Everyday Edge Account and make five or more card transactions in a month, the interest you receive will jump up to 5.35% p.a.

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Key features

Young Australians looking to grow their savings will appreciate Great Southern Bank’s Goal Saver Account, which offers competitive bonus rates to those between the ages of 18 and 24. When you sign up, you’ll be able to open an Everyday Edge Account, which is required to receive the bonus interest rate. So long as you deposit at least $500 into your Everyday Edge Account from a non-Great Southern Bank account and make at least five settled card transactions each month, you’ll be able to qualify for a maximum rate of 5.35% p.a.

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Who is it good for

The Great Southern Bank Goal Saver Account is only available to those between the ages of 18 and 24. When you turn 25, the account will convert to a Home Saver account.

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Any catches

If you’re not already a member of Great Southern Bank, signing up will require you to provide an email address, mobile number, and one form of ID (e.g. driver’s licence, passport or Medicare card). The account is only available to Australian residents aged between 18 and 24.

Details

Rates and fees information correct as at 28 May 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

Balances from $0: 0.50% p.a.

Balances from $0: 5.35% p.a.
Balances from $50,000: 0.50% p.a.

Deposit $500 by electronic transfer (excluding telegraphic transfers) into your Everyday Edge Account and make 5 card transactions per month.

Fees

$0.00

n/a

Unlimited free transactions from phone and internet.

n/a

n/a

n/a

$0.00

n/a

n/a

$0.00

$0.00

n/a

Other financial bits

$0.00

$0.00

Monthly

Features

no

n/a

no

no

no

no

no

yes

yes

yes

no

Minimum age 18, maximum age 24. Converts to a Home Saver account when customer turns 25.

none

none

Customer Reviews

How are Great Southern Bank savings accounts rated by the Mozo community?

Overall
8.0/10
Price
7.7/10
Features
7.0/10
Customer service
8.2/10
Convenience
7.6/10
Trust
8.3/10
Based on 645 Great Southern Bank savings account reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

Latest review of Great Southern Bank Goal Saver Savings Account

About Great Southern Bank

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5.25% p.a. (for $0 to $1,000,000)

0% p.a.(for $0 and over)

Yes up to $250,000

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5.00% p.a. (for $0 to $250,000)

0.05% p.a.(for $0 and over)

Yes up to $250,000

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5.00% p.a. (for $0 to $250,000)

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5.75% p.a. (for $0 to $250,001)

Yes up to $250,000

4.40% p.a.(for $0 to $250,001)

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Savings Account

5.35% p.a. (for $0 to $250,000)

Yes up to $250,000

4.75% p.a.(for $0 to $1,000,000)

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5.10% p.a. (for $0 to $250,000)

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0.10% p.a.(for $0 and over)

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5.40% p.a. (for $0 to $250,000)

Yes up to $250,000

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5.25% p.a. (for $0 to $1,000,000)

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Yes up to $250,000

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5.00% p.a. (for $0 to $250,000)

Yes up to $250,000

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0.10% p.a.(for $0 and over)

5.10% p.a. (for $0 to $250,000)

Yes up to $250,000

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0% p.a.(for $0 and over)

5.25% p.a. (for $0 to $1,000,000)

Yes up to $250,000

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Bonus Saver Account

0.05% p.a.(for $0 and over)

5.00% p.a. (for $0 to $250,000)

Yes up to $250,000

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Kids Bonus Saver

0.05% p.a.(for $0 and over)

0.85% p.a. (for $5,556 to $50,001)

Yes up to $250,000

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Ziggy Kids Saver

0.01% p.a.(for $0 and over)

3.01% p.a. (for $0 and over)

Yes up to $250,000

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4.25% p.a. (for $0 and over)

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