Bank Australia
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Bank Australia is an Australian customer-owned bank with origins in the CSIRO Co-operative Credit Society, established in 1957. It offers savings and transaction accounts, term deposits, home loans, personal loans and business banking. Eligible customers have voting rights in its governance, and its responsible banking policy guides lending and investment decisions. Bank Australia merged with Qudos Bank on 1 July 2025.
| Legal name | Bank Australia Limited |
|---|---|
| ABN | 21087651607 |
| Ownership group | Bank Australia Group [4]Controlling entity: Bank Australia Limited |
| Deposit issuer | Bank Australia Limited [5] |
| Deposit protection | Eligible AUD deposits are covered up to $250,000 per account holder across this issuer, including its other brands. [6] |
| Same issuer brands | Qudos BankEligible deposits across these brands share the issuer’s FCS limit. |
| Established | 1957, as the CSIRO Co-operative Credit Society [1] |
| Ownership | Customer-owned, not listed on the stock exchange [2] |
| Governance | Customers hold equal shares, eligible members can vote at Annual General Meetings [2] |
| Banking channels | Branches, app and internet banking [2] |
| Qudos merger | Merged with Qudos Bank on 1 July 2025 [1] |
Savings rates
Compare allRates p.a. at a balance of $699.
| Bonus Saver | Visit | 0.10% | 5.35%Ongoing cap: $100K | $100K | 5.85%3 mths | $100K | 3 mths | 1 | $100 | $0 | 0 | - | 0 | 0 | - | $0 | - |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| mySaver | Visit | 0.10% | 5.35%Ongoing cap: $50K | $50K | - | - | - | 1 | $10 | $0 | 0 | - | 0 | 0 | 24 | $0 | - |
| Online Saver | Visit | 4.60% | 4.60%Ongoing cap: $500K | $500K | - | - | - | 0 | - | $0 | 0 | - | - | 0 | - | $0 | - |
Source: noren.com.au
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Savings products
Bonus Saver
A variable-rate savings account. Bonus interest depends on meeting the account’s monthly requirements. An introductory offer is available to eligible customers.
mySaver
A variable-rate savings account. Bonus interest depends on meeting the account’s monthly requirements.
Online Saver
A variable-rate savings account. The reviewed ongoing rate has no monthly activity requirements.
Useful links
Similar institutions
Sources and review
- About Bank Australia (bankaust.com.au)
- Customer ownership (bankaust.com.au)
- Branches (bankaust.com.au)
- Ownership group information (qudosbank.com.au)
- Provider deposit-issuer information (qudosbank.com.au)
- APRA FCS institution list (apra.gov.au)
- APRA ADI register (apra.gov.au)
Bank Australia data reviewed . Next profile review due .