Bank of us Spring Load Summary
Description
A variable-rate savings account. Bonus interest depends on meeting the account’s monthly requirements. An introductory offer is available to eligible customers.
Benefits
- No monthly savings-account fee.
Hoops
- For bonus interest, make a deposit of at least $25,000 each month. Check the full requirements below.
- No more than 5 withdrawals each month to retain bonus interest.
- Ongoing rate cap: $24,999.99. See the rate breakdown for higher balances.
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Details
Key details
| Product name | Bank of us Spring Load |
|---|---|
| Maximum variable rate | 2.50% p.a. |
| Ongoing interest rate | 2.50% p.a. |
| Base interest rate | 0.00% p.a. |
| Minimum age | - |
Source: noren.com.au
All comparison details
| Base | 0.00% |
|---|---|
| Ongoing | 2.50% |
| Ongoing cap | $25K |
| Intro | 2.50% |
| Intro cap | $25K |
| Intro period | Up to 4 mths |
| Dep/mth | - |
| Dep $/mth | - |
| Growth/mth | - |
| Buys/mth | - |
| Txns/mth | - |
| W/d/mth | 5 |
| Min age | - |
| 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: 0.00% p.a., before bonus interest.
- Ongoing: 2.50% p.a. when bonus conditions are met. Up to $24,999.99.
- Introductory: 2.50% p.a. for up to 4 months for eligible customers. Up to $24,999.99.
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Base rate component | 0.00% | Whole balance | Up to $1m |
| Ongoing total, conditions met | 2.50% | Whole balance | Up to $24,999.99 |
| Ongoing total, conditions met | 3.25% | Whole balance | $25k to $1m |
| Introductory total, up to 4 months | 2.50% | Whole balance | Up to $24,999.99 |
| Introductory total, up to 4 months | 5.50% | Whole balance | $25k to $1m |
| Rates unverified | - | - | Over $1m |
Source: noren.com.au
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Requirements
- Make no more than five withdrawals or transfers in a calendar month. Six or more means no interest for that entire month, during both the Spring period and after conversion to Stash n Splash.
- Rates apply to the whole daily balance and interest is credited at month end. Balances below $25,000 receive the lower advertised rate after opening. The $25,000 opening requirement is not a recurring monthly deposit requirement.
- The displayed ongoing rate is today’s reviewed Stash n Splash rate after conversion. The temporary Spring rate is shown separately as an introductory offer. Both rates are variable.
- Maximum balance is $1,000,000 per account and per individual customer across the relevant product. No monthly account fee. Other service charges can apply.
- Qualification timing: Requirements are assessed in the current month. Check the settlement deadlines and exclusions in the requirements.
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 us.
- Tasmanian residents only. Open with at least $25,000 from outside Bank of us. Moving existing Bank of us savings does not qualify.
- The offer ends at the end of the third calendar month after the opening month, up to four months. The account then becomes Stash n Splash without changing its number, at its then-current rates and terms.
- Personal account, subject to identity checks. No universal numeric minimum age is established. Open through a retail store or contact centre.
Introductory eligibility
- Tasmanian residents only. Open with at least $25,000 from outside Bank of us. Moving existing Bank of us savings does not qualify.
- The offer ends at the end of the third calendar month after the opening month, up to four months. The account then becomes Stash n Splash without changing its number, at its then-current rates and terms.
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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 and verified on 31 Oct 2026.