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Savings Accounts

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My Access Savings Account (S1)

This account is specifically designed for day-to-day expenses with a full range of access facilities.

  • Everyday transaction account
  • Attach a VISA Debit Card to reduce transaction fees
  • Funds available at call
  • ATM, EFTPOS, Internet & Phone Banking, BPAY, Periodic Payments
  • Overdraft available
  • Direct Credit your salary
  • Pay your regular bills through direct debit

Up to
0.10% pa
interest rate

View Rate Table
 

 apply

 


My Special Savings Account (S2)

Organise and plan for your regular bills, or a special occasion. No electronic forms of access or chequing facilities.

  • Save for a special event
  • Separate savings from My Access Savings Account
  • Designed for "purpose" savings
  • Watch your savings grow, with no ATM or EFTPOS access
  • Direct Entry, BPAY and Periodic Payments
  • Have a portion of your pay split to credit the account
  • Transfer funds via Internet or Phone Banking
 Up to
0.10% pa
interest rate

View Rate Table

 apply


My Christmas Club Account (S3)

Relieve the burden of Christmas expenses by saving regularly. Start saving now and watch your savings grow for Christmas. Free withdrawals are available between 1 November and 31 January each year.

  • No minimum balance
  • Earn competitive interest
  • Deposit whenever you like
  • Keep your money away from temptation
  • Free withdrawals from 1 Nov - 31 Jan
  • ATM, EFTPOS, Internet & Phone Banking, BPAY (free access only from 1 Nov - 31 Jan)
  • Interest paid monthly

Up to

1.50% pa
interest rate

View Rate Table

 

 apply


My Visa Access Account (S4)

Organise and plan for your regular bills, or a special occasion.

  • Save for a special event
  • Separate savings from everyday money
  • Attach a Visa Debit Card to help reduce transaction fees
  • Attach an overdraft to help pay for those unexpected expenses
  • Designed for "purpose" savings
  • Watch your savings grow
  • ATM, EFTPOS, Internet & Phone Banking, BPAY
  • Direct Credit your salary

Up to

0.10% pa
interest rate

View Rate Table

 

 apply

 


My Insurance Savings Account (S6)

Organise and plan for your regular bills, or a special occasion. No electronic forms of access or cheque facilities available.

  • Save for a special event
  • Separate savings from everyday money
  • Designed for "purpose" savings
  • Watch your savings grow

Up to

0.10% pa
interest rate

View Rate Table

 

 apply

My Maxi Savings Account (S8)

The account is here to maximise your savings.

  • Funds available at call
  • ATM, EFTPOS, Internet & Phone Banking, BPAY, Periodic Payments
  • Designed for "purpose" savings
  • Direct Credit your salary
  • Pay your regular bills through direct debit

Up to

2.25% pa
interest rate

View Rate Table

 

 apply

My Investment Savings Account (S9)

This account is a great way to save for important purchases such as a deposit for a home loan, or wish to put some money away for the future.

  • Deposits available at call after 7 days
  • Designed for "purpose" savings
  • Watch your savings grow
  • Internet & Phone Banking, BPAY
  • Periodic Payments (via Internet Banking only)
  • Direct Entry (credit only)
  • Interest is calculated daily & paid in March and September)

Up to

2.25% pa
interest rate

View Rate Table

 

 apply

 

My Club Savings Account (S10)

Organise and plan for your regular bills, or a special occasion.

  • Save for a special event
  • Separate savings from My Access Savings Account
  • Designed for "purpose" savings
  • Watch your savings grow, with no ATM or EFTPOS access
  • Have a portion of your pay split to credit the account
  • Direct Entry (credit only)
  • Transfer funds via Internet or Phone Banking

Up to

0.10% pa
interest rate

View Rate Table

 

 apply

 

My Deeming Account (S12)

Save yourself trouble and organise to have your pension or other retirement income paid directly to the account.

  • Easy access to your money
  • Your funds are at call
  • No minimum or maximum deposit needed
  • Organise for a rediCARD, Visa Debit Card and/or Cheque book to use with the account

Up to

3.00% pa
interest rate

View Rate Table

 

 apply


My Net Reward Saver Account (S14)

Earn a higher interest rate on your savings just by using Internet Banking or Phone Banking.

  • High interest rate for amounts over $2000 with funds available at call
  • Transfer money using Internet & Phone Banking
  • Direct Entry (credit only), BPAY and Periodic Payments (via Internet & Phone Banking only)

Up to

4.05% pa
interest rate

View Rate Table

 

 apply


My Kidz Account (S17)

Are your kids up to the age of 12? This is the best time to start teaching your children about good savings habits with an account designed specifically for them.

  • No minimum balance
  • No fees
  • Access to funds available over the counter only to better protect your child's funds
  • Direct Entry (credit only)
  • Term Deposits available (from $500)
  • Interest Calculated daily, paid monthly

Up to

3.00% pa
interest rate

View Rate Table

 

 apply


My Woteva Account (S18)

This account is designed for students aged 13 - 17 years old. Start saving early.

  • No minimum balance
  • No fees
  • Funds available at call
  • ATM, EFTPOS (rediCARD access only)
  • Internet & Phone Banking, BPAY, Periodic Payments
  • Direct Entry (credit / debit)
  • Term deposits available (from $500)
  • Interest calculated daily, paid monthly

Up to

3.00% pa
interest rate

View Rate Table

 

 apply


My Generation Account (S19)

This account is a transaction account specifically designed for young adults 18 -  24 years old.

  • No minimum balance
  • No loan application fees
  • Funds available at call
  • ATM, EFTPOS, Internet & Phone Banking, BPAY, Periodic Payments, Cheque
  • Direct Entry (credit / debit)
  • Term deposits available (from $500)
  • Interest calculated daily, paid monthly
 Up to
3.00% pa
interest rate

View Rate Table

 apply


My E-Savings Account (S20)

If you want to maximise your dollars while still having your funds available, than an E-Savers may be for you. Access your funds through Internet Banking and Phone Banking.

  • High interest rate for amounts over $2,000 with funds available at call
  • Transfer money using Internet & Phone Banking
  • Watch your savings grow with no ATM or EFTPOS access
  • Direct Entry (credit only), BPAY and Periodic Payments (via Internet & Phone Banking only)
 Up to
4.70% pa
interest rate

View Rate Table

 apply

 

  Savings FAQs

Do I have to be a member to open account?

My Credit Union is a mutual financial services organisation and as such is owned by its members, each one of whom is a shareholder. Therefore we require that you must be a member of My Credit Union to open an account.

Learn more about becoming a member

How much do I need to deposit to open a savings account?

There is no minimum deposit required to open a savings account with us.

How much do I need to deposit to open an investment account?

To open a Fixed Term Investment account with My Credit Union there is a minimum deposit of $1,000

How do I make deposits to my savings accounts?

You can arrange to make deposits to your account by:

  • direct credit of payroll or other income
  • transfer from another savings or transaction account
  • Internet or Phone Banking transfer
  • over the counter at any branch of the Credit Union
  • with your rediCARD or Visa Debit Card via Bank@Post or at any participating Australia Post branch.

How do I make deposits to my fixed term account?

You can arrange to make deposits to your account by:

  • transfer from another savings or transaction account
  • over the counter at any branch of the Credit Union

How do I make withdrawals from my savings account?

Accessing your money will depend on the particular features of your account however we offer an extensive range of access facilities:

  • Internet banking
  • Phone banking
  • BPAY
  • Electronic funds transfer
  • rediCARD
  • Visa Debit & Credit Cards
  • Cheque book
  • Branch withdrawal

How do I make withdrawals from my fixed term account?

Withdrawals cannot be made until the Term Investment has matured. Just prior to maturity you will receive a letter advising that your term investment will soon be due to mature, if you do not wish to change anything, your term investment will automatically roll over for re-investment. If you wish to make any changes, you can do so up to 10 working days after maturity, changes can be made in branch, mail or fax.

How often will I receive information on my saving and fixed term accounts?

Statements are issued quarterly or as requested. You will receive information of your Fixed Term Accounts as they are near maturity.

Account balances are available through our Internet and Phone Banking services and statements are available through our Internet banking service.^

Duplicate statements can be requested at any time; however a fee does apply for duplicate statements.
  Deposit Comparison Table
Key Features

My Access Savings

 

 My Christmas Club My Visa Access My Maxi Savings My Deeming Account My Net-Reward Saver

My

Kidz

Account

 My Woteva Account My Generation Account My E-Savings Account
Interest Rates View our interest rates
Funds available at call Yes Yes* Yes Yes Yes Yes Yes Yes Yes Yes
Cheque books Yes No Yes Yes Yes No No No Yes No
EFTPOS / ATM Yes Yes* Yes Yes Yes Yes No Yes Yes Yes
Internet / Phone Banking Yes Yes* Yes Yes Yes Yes No Yes Yes Yes
Direct Entry Yes Yes Yes Yes Yes Yes Yes^ Yes Yes Yes
BPAY Yes Yes* Yes Yes Yes Yes No Yes Yes Yes
Periodic Payments Yes Yes* Yes Yes Yes Yes** No Yes Yes Yes**

* Between 1 November and 31 January Only

^ Credit Only

** Internet Banking

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Questions?

If you have any questions, please contact us Contact Us