CMB Simple Saver Summary
Description
An at-call personal savings account with tiered interest based on the minimum monthly balance, paid annually.
Benefits
- No monthly savings-account fee.
- No monthly activity requirements for the ongoing rate.
Hoops
- Ongoing rate cap: $50,000. See the rate breakdown for higher balances.
On this page
Details
Key details
| Product name | CMB Simple Saver |
|---|---|
| Maximum variable rate | 0.01% p.a. |
| Ongoing interest rate | 0.01% p.a. |
| Base interest rate | 0.01% p.a. |
| Minimum age | - |
Source: noren.com.au
All comparison details
| Base | 0.01% |
|---|---|
| Ongoing | 0.01% |
| Ongoing cap | $50K |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | - |
| Dep $/mth | - |
| Growth/mth | - |
| Buys/mth | - |
| Txns/mth | - |
| W/d/mth | - |
| 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: 0.01% p.a..
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Standard variable | 0.01% | This band only | First $50k |
| Standard variable | 0.05% | This band only | Over $50k |
Source: noren.com.au
Share/Export
This band only: the rate applies to the money within the listed balance range. Other portions earn their own rates.
Requirements
- Interest is calculated on the minimum monthly balance and credited annually on 30 June, or when the account is closed.
- No recurring deposit-count, qualifying deposit-dollar, balance-growth, card-purchase or withdrawal-count interest test is established. No introductory offer. No minimum ongoing balance is required.
- Transaction and general service fees may apply. The member-rewards program can offset eligible transaction fees, it is separate from interest qualification.
- Interest uses separate balance portions, the first $50,000 at the lower rate and the excess at the higher rate. The comparison is weighted across portions, using the selected amount as the minimum balance maintained during the month. Withdrawals can reduce that monthly minimum.
- No monthly account fee under the current product page. Funds are at call, with digital banking, PayID, NPP, direct credits, direct debits and periodic payments. The source record named AT CALL SAVINGS is this Simple Saver, the other identically named record is the separate S4 Budget account.
Fees
- Monthly account fee: $0
Showing reviewed fees only, other charges may apply
How to apply
Check these eligibility requirements before applying with CMB.
- Personal customers only, subject to Central Murray Bank membership, shareholding and identity checks. A residential address and tax-residency declaration are required. No universal citizenship, residency restriction or numeric minimum account age is established by the reviewed documents, confirm eligibility directly with the bank.
- Current terms distinguish share refunds for memberships opened before November 2025. No share price or universal refund promise is inferred for new members. Confirm the current subscription terms with the bank.
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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.