GMCU Advantage Saver Summary
Description
Advantage Saver account is a savings account for those dedicated to a regular savings plan. A bonus rate is available in months where there are no withdrawals and a deposit of at least $20.
Benefits
- No monthly savings-account fee.
- No upper balance cap in the reviewed ongoing pricing.
Hoops
- For bonus interest, deposit at least $20 each month. Check the full requirements below.
- Withdrawals can forfeit bonus interest.
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Details
Key details
| Product name | GMCU Advantage Saver |
|---|---|
| Maximum variable rate | 4.55% p.a. |
| Ongoing interest rate | 4.55% p.a. |
| Base interest rate | 0.01% p.a. |
| Minimum age | - |
Source: noren.com.au
All comparison details
| Base | 0.01% |
|---|---|
| Ongoing | 4.55% |
| Ongoing cap | No cap |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | - |
| Dep $/mth | $20 |
| Growth/mth | $0 |
| Buys/mth | 0 |
| Txns/mth | - |
| W/d/mth | 0 |
| 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., before bonus interest.
- Ongoing: 4.55% p.a. when bonus conditions are met. No upper cap.
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Base rate component | 0.01% | Whole balance | All balances |
| Ongoing total, conditions met | 4.55% | Whole balance | All balances |
Source: noren.com.au
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Requirements
- No introductory offer is established by the current rate sheet. Other transaction and service charges apply, free electronic withdrawals do not establish a zero monthly account fee.
- Deposit at least $20 in total and make no withdrawals, including electronic debits. Qualification ends on the last business day of the month. Otherwise base only. Daily balance calculation with monthly credit.
- Full provider review 31 October 2026 confirms: $0 fixed monthly account-keeping charge for this savings account, based on both pages of the complete current GMCU Schedule of Fees & Charges (1 August 2026), read with the governing conditions and account summary. The conditions refer current charges to this schedule, it lists transaction and event charges but no fixed monthly account-keeping charge for S4/S5/S10. This is a documented interpretation of the complete tariff, not an explicit product-page zero-fee quotation or an inference from empty CDR fees. The monthly transaction allowance is not the account fee. $4 branch withdrawals (Christmas seasonal exemption), annual $20 inactivity and other applicable service/event charges remain separate. Original approval expiry remains unchanged.
- 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 GMCU.
- Individual applicants only
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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 30 Oct 2026.