Great Southern Goal Saver Account Summary
Description
A variable-rate savings account. Bonus interest depends on meeting the account’s monthly requirements.
Benefits
- No monthly savings-account fee.
Hoops
- Available to ages 18 to 24.
- For bonus interest, deposit at least $500 each month, make at least 5 qualifying purchases each month. Check the full requirements below.
- Ongoing rate cap: $50,000. See the rate breakdown for higher balances.
On this page
Details
Key details
| Product name | Great Southern Goal Saver Account |
|---|---|
| Maximum variable rate | 5.60% p.a. |
| Ongoing interest rate | 5.60% p.a. |
| Base interest rate | 0.50% p.a. |
| Minimum age | 18 years |
Source: noren.com.au
All comparison details
| Base | 0.50% |
|---|---|
| Ongoing | 5.60% |
| Ongoing cap | $50K |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | 1 |
| Dep $/mth | $500 |
| Growth/mth | $0 |
| Buys/mth | 5 |
| Txns/mth | - |
| W/d/mth | - |
| Min age | 18 |
| Max age | 24 |
| 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: 5.60% p.a. when bonus conditions are met. Up to $50k.
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Base rate component | 0.50% | Whole balance | All balances |
| Ongoing total, conditions met | 5.60% | This band only | First $50k |
| Ongoing total, conditions met | 0.50% | 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
- Before the last day of the calendar month, receive external electronic deposits totalling $500.00 into eligible Everyday Edge accounts and have at least five eligible Visa Debit purchases settled. Telegraphic transfers, ATM withdrawals, cash out and other stated exclusions do not qualify.
- No savings growth or no-withdrawal test. Bonus on the first $50000.00, excess earns base. Keep the same eligible savings product through month end.
- 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 Great Southern.
- Australian resident with an Australian address, required linked Everyday Edge account. One Home Saver or Goal Saver per customer, individual or joint names, not both.
- Ages 18–24, converts to Home Saver when the primary holder turns 25.
More from Great Southern
Similar products
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 28 Oct 2026.