Bank of China Online Saver Account Summary
Description
An at-call savings account with whole-balance interest tiers, monthly interest and an introductory offer for eligible new customers.
Benefits
- No monthly savings-account fee.
- No monthly activity requirements for the ongoing rate.
Hoops
- Applicants must be at least 16.
- Ongoing rate cap: $2,999.99. See the rate breakdown for higher balances.
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Details
Key details
| Product name | Bank of China Online Saver Account |
|---|---|
| Maximum variable rate | 0.05% p.a. |
| Ongoing interest rate | 0.05% p.a. |
| Base interest rate | 0.05% p.a. |
| Minimum age | 16 years |
Source: noren.com.au
All comparison details
| Base | 0.05% |
|---|---|
| Ongoing | 0.05% |
| Ongoing cap | $3K |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | - |
| Dep $/mth | - |
| Growth/mth | - |
| Buys/mth | - |
| Txns/mth | - |
| W/d/mth | - |
| Min age | 16 |
| Max age | - |
| Fee/mth | $0 |
Source: noren.com.au
Rates & features
Interest rates
Variable rates % p.a. at $699, assuming applicable bonus conditions are met.
- Base: 0.05% p.a..
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Standard variable | 0.05% | Whole balance | Up to $2,999.99 |
| Standard variable | 2.35% | Whole balance | $3k to $4,999,999.99 |
| Standard variable | 0.05% | Whole balance | $5m and over |
Source: noren.com.au
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Requirements
- Ongoing variable interest is calculated daily on the whole closing balance and credited on the last day of each month. The applicable tier is determined by the entire balance, not separate portions.
- The introductory offer is for eligible new customers opening an account and activating a debit card between 1 October and 31 December 2026. You must never have held a sole or joint account or been an account signatory before 1 October 2026. No other bonus or special interest offer may apply.
- The entire daily balance must stay between $3,000 and $499,999.99 for the full first four months to qualify for the introductory offer. The standard ongoing rate applies otherwise. This is a holding-balance condition, not a monthly qualifying deposit or growth requirement.
- No monthly account-keeping fee. Over-the-counter withdrawals cost $5 per service, except when closing the account. Other service charges and cash deposit or withdrawal limits can apply.
- Open through an Australian retail branch with identification. Internet banking, mobile banking and linked debit-card facilities are available subject to their separate terms. An inactive account with $20 or less may be converted to a Demand Deposit Account with account-keeping fees.
Fees
- Monthly account fee: $0
Showing reviewed fees only, other charges may apply
How to apply
Check these eligibility requirements before applying with Bank of China.
- Individual applicants aged 16 or older who are resident in Australia or hold a visa allowing them to live in Australia for at least six months. Identity verification is required.
- Issued by Bank of China (Australia) Limited, ABN 28 110 077 622. This account accepts Australian dollars only. Introductory eligibility is assessed separately from ordinary account eligibility.
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Sources & review
Noren aggregates information from multiple primary sources to ensure you're getting the most up-to-date, accurate information. All product information is peer reviewed.
Collected on 31 Oct 2026. Pricing verified on 29 Oct 2026.