MySavings Account

Saving just got easier. With a rate of 0.60% p.a. from day one, plus a range of flexible benefits that give you complete control - with no catches. Start today and get more value from your money.

More freedom and value from your savings

A MySavings account offers you the freedom of no minimum balance, no minimum monthly deposit requirements, with no account keeping or online transaction fees. You’ll love the flexibility of accessing your money online, and at the same time achieve a great return.

Two young men and daughter in kitchen looking at tablet

We're proud to provide you with real value

Access your savings online

No minimum balance

No minimum monthly deposit

No monthly account keeping fees

0.60 % p.a
Variable rate

Variable rate 0.60% p.a.
No minimum balance
No account keeping fees
No online transaction fees
No minimum monthly deposit

Ready to take the next step?

We're here to discuss your options and get you there

Need information? Call us on 1300 221 479

General information

  • No monthly account keeping fees
  • No transaction fees when making payments using Internet Banking or our mobile app

For a full list of fees and charges, please view our Schedule of Fees and Charges.

Online applications take less than 5 minutes. Provided we’ve been able to verify your identify online, account details will be emailed to you within 15 minutes.

To open an account, you need to:

  • be 14 years or older
  • have an Australian mobile number and a valid email address, and
  • be solely an Australian resident for taxation purposes.

Interest is calculated daily and paid on the last day of each month.

*All depositors are protected by the Government guarantee. For further details, please refer
Interest rates is at 19 May 2022. All interest rates are variable unless noted otherwise. In deciding whether this product meets your needs, we recommend that you read this page in conjunction with our Target Market Determination, Product Disclosure Statement, General Terms, Fees and Charges Schedule and Interest Rate Schedule. A copy of these documents are available on our website. You can also obtain a copy of these by contacting our office on 1300 221 479. MyLifeMyFinance Limited Trading as MyLife MyFinance. ABN 54 087 651 750. AFSL/Australian Credit Licence Number 245606.