SWSbank Online Saver Summary
Description
An at-call savings account designed for online access, with variable interest paid annually and a fee for staff-assisted branch transactions.
Benefits
- No monthly savings-account fee.
- No monthly activity requirements for the ongoing rate.
- No upper balance cap in the reviewed ongoing pricing.
Hoops
- Applicants must be at least 10.
On this page
Details
Key details
| Product name | SWSbank Online Saver |
|---|---|
| Maximum variable rate | 2.00% p.a. |
| Ongoing interest rate | 2.00% p.a. |
| Base interest rate | 2.00% p.a. |
| Minimum age | 10 years |
Source: noren.com.au
All comparison details
| Base | 2.00% |
|---|---|
| Ongoing | 2.00% |
| Ongoing cap | No cap |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | - |
| Dep $/mth | - |
| Growth/mth | - |
| Buys/mth | - |
| Txns/mth | - |
| W/d/mth | - |
| Min age | 10 |
| 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: 2.00% p.a..
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Standard variable | 2.00% | Whole balance | All balances |
Source: noren.com.au
Share/Export
Requirements
- Interest is calculated daily on the total balance and paid annually on 30 June.
- No monthly deposit-count, qualifying deposit-dollar, balance-growth or purchase requirement for the reviewed variable rate. No introductory offer. The current schedule publishes a flat rate without an upper interest-bearing balance cap.
- No monthly account-keeping fee or annual account fee, with a $0 opening minimum. Separate service charges and membership-based excess transaction fees may apply. Free transaction allowances depend on the membership relationship balance, tenure and age, they are not bonus interest conditions.
- Membership and identity checks are required. The account facility includes a primary S1 account, with other accounts activated as needed. Membership requires a share subscription, confirm the current share cost with SWSbank.
- Funds are available at call through internet banking and the SWSbank app, with eligible ePayments, BPAY, Osko and PayID access. No debit card, ATM or EFTPOS access is listed for this account.
- Staff-assisted branch transactions are permitted but cost $5 per transaction. Online access does not mean branch assistance is prohibited. This charge is separate from the monthly account fee and does not reduce the advertised interest rate.
Fees
- Monthly account fee: $0
Showing reviewed fees only, other charges may apply
How to apply
Check these eligibility requirements before applying with SWSbank.
- Australian citizens or permanent residents, subject to SWSbank membership eligibility under its Constitution and identity checks.
- Applicants must be at least 10 years old. No upper age limit is established in the reviewed account 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 on 31 Oct 2026. Pricing verified on 29 Oct 2026.