BCU Power Saver Summary
Description
Power up your savings. A simple, goal based savings account that rewards regular saving.
Benefits
- No monthly savings-account fee.
Hoops
- Applicants must be at least 18.
- For bonus interest, deposit at least $100 each month. Check the full requirements below.
- Withdrawals can forfeit bonus interest.
- Ongoing rate cap: $250,000. See the rate breakdown for higher balances.
On this page
Details
Key details
| Product name | BCU Power Saver |
|---|---|
| Maximum variable rate | 5.10% p.a. |
| Ongoing interest rate | 5.10% p.a. |
| Base interest rate | 0.50% p.a. |
| Minimum age | 18 years |
Source: noren.com.au
All comparison details
| Base | 0.50% |
|---|---|
| Ongoing | 5.10% |
| Ongoing cap | $250K |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | 1 |
| Dep $/mth | $100 |
| Growth/mth | $0 |
| Buys/mth | 0 |
| Txns/mth | - |
| W/d/mth | 0 |
| Min age | 18 |
| 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: 0.50% p.a., before bonus interest.
- Ongoing: 5.10% p.a. when bonus conditions are met. Up to $250k.
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Base rate component | 0.50% | Whole balance | Up to $5m |
| Ongoing total, conditions met | 5.10% | Whole balance | Up to $250k |
| Ongoing total, conditions met | 0.50% | Whole balance | $250,000.01 to $5m |
Source: noren.com.au
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Requirements
- Deposit at least $100 and make no withdrawals in the calendar month. The balance must not exceed $250,000 at any time that month. Otherwise only base interest is guaranteed on the entire balance, any discretionary bonus above the cap is excluded.
- Provider fee review 29 October 2026: this savings account has no monthly account-keeping fee. This does not waive transaction, statement, special-service or separately linked-account charges, their published conditions still 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 BCU.
- Age 18 or over.
- Customers may hold up to a total of 3 Power Saver accounts under single or joint names.
- Earn bonus interest when you make a minimum deposit of $100 and no withdrawals to the account in the calendar month.
- You must be or become a BCU Bank member
- You must be an Australian citizen and/or resident or a non-resident with a qualifying visa evidencing 12 months or longer residency. A valid Australian address is required to open an account. Membership eligibility applies.
- Personal account only. Maximum account balance $5m. Membership and residency requirements apply, see provider terms for child/joint signing rules.
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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 27 Oct 2026.