MySavings Account

Saving just got easier. With a rate of 2.00% 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.

MySavings account

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

Great rates for all to enjoy


Member rate

Variable rate 2.00% p.a.
Comparison rate 2.00% p.a.
No minimum balance
No account keeping fees
No transaction fees
No minimum monthly deposit

General rate

Variable rate 2.00% p.a.
Comparison rate 2.00% p.a.
No minimum monthly balance
No account keeping fees
No transaction fees
No minimum monthly balance

Looking for more from your banking institution? 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

Counter cheques issued: $15.00
Periodical payments - Cheque: $15.00
Periodical payments - Branch Initiated EFT: $5.00
Periodical payments - via Internet Banking: Nil
External funds transfer - Initiated via Internet Banking: Nil
External funds transfer - Initiated via Branch: $10.00
External funds transfer dishonour: $20.00
Direct debit dishonour: $20.00
Stop cheque request: $15.00
Cheque dishonour: $20.00
Cheque special answer: $15.00
Overdrawn account: $10.00
Voucher/information retrieval: $60.00 per hour ($20.00 minimum)

Overdrawn account

If your savings account becomes overdrawn for any reason at any time during the month, an "Overdrawn Account Fee" per occurrence will be debited to your account.

Online applications take less than 10 minutes, with account details emailed to you within one business day.

Interest is calculated daily and paid on the 1st of each month.

Interest rates as at 20 July 2018. All interest rates are variable unless noted otherwise. All depositors are protected by the Financial Claims Scheme. For further details, please refer In deciding whether this product meets your needs, we recommend that you read this page in conjunction with our Product Disclosure Statement, Supplementary Product Disclosure Statement (Interest Rates), Supplementary Product Disclosure Statement (Schedule of Fees and Charges), and our General Terms and Conditions. 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.
MyLife MyFinance Limited Trading as MyLife MyFinance. ABN 54 087 651 750. AFSL/Australian Credit Licence Number 245606.