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 account keeping or transaction fees and no minimum monthly deposit requirements. You'll love the flexibility of accessing your money when you need it and achieving great returns when you don't.

Two young men and daughter in kitchen looking at tablet

We're proud to provide you with real value

Access your savings anytime

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 transaction fees
No minimum monthly deposit

Looking for more from your bank? Become a member of MyLife MySuper or
Catholic Super superannuation funds to receive exclusive member rates from MyLife MyFinance.

Ready to take the next step?

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

Need information? Call us on 03 9629 4484

General information

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  • 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.

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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.

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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.

Interest rates is at 14 April 2021. All interest rates are variable unless noted otherwise. All depositors are protected by the Government guarantee. For further details, please refer www.fcs.gov.au. In deciding whether this product meets your needs, we recommend that you read this page in conjunction with our General Terms, Product Disclosure Statement, Interest rates flyer, and Schedule of fees and charges. A copy of these documents are available on our website. You can also obtain a copy of these by contacting our office on 03 9629 4484. MyLifeMyFinance Limited Trading as MyLife MyFinance. ABN 54 087 651 750. AFSL/Australian Credit Licence Number 245606.