Savings accounts

Even when you're saving money, you want your funds to be at call. Nexus Mutual offers a comprehensive range of high-performing savings accounts to our members.

All our savings accounts can be linked to automatically receive Round Up savings from Visa Debit Card or rediCARD purchases.

Direct Saver

  • Nexus Mutual high interest Direct Saver account

  • A high-interest online savings account, linked to everyday Nexus Mutual accounts via internet and mobile banking.

    Earn up to 1.05% p.a. on at-call savings

  • What's great about the Direct Saver online savings account

    • No fixed term
    • Instant access via mobile or internet banking, linked to everyday Nexus Mutual accounts such as Access or Cash Management accounts
    • No account balance requirements - whether you deposit $1.00 or $1 million, you still earn a competitive interest rate.
    • Interest calculated daily and paid monthly
    • Can be linked to automatically receive Round Up savings from Visa Debit Card or rediCARD purchases
  • Other information

    Apply Now 

Bonus Saver

  • Nexus Mutual Bonus Saver

  • Reach your goals faster with an account that pays you bonus interest when you deposit at least $50 and make no withdrawals in the same month.

    Earn up to 1.55% p.a. interest.

  • Features

    Get rewarded for leaving your money alone. With the Bonus Saver you'll receive extra interest for every month you deposit at least $50 and make no withdrawals, but with instant access when you need it.

    • Instant access
    • No monthly fee
    • No minimum account balance - start saving with just $1.00
    • No fixed term
    • Interest calculated daily and paid monthly
    • Can be linked to automatically receive Round Up savings from Visa Debit Card or rediCARD purchases

     

Home Saver

  • First Home Saver account

  • Boost your home loan savings with extra interest when you deposit a minimum of $100 and make no withdrawals in a calendar month.  

    2019 Canstar Innovation Excellence Award winner

  • Features

    Our Home Saver account can help boost your home loan savings with extra interest when you deposit a minimum of $100 and make no withdrawals in a calendar month. You’ll also get added benefits when you put your savings from this account towards a Nexus Mutual home loan.

    Here’s how it works:

    • Deposit a minimum of $100 in your Home Saver account and don’t make any withdrawals in the calendar month of your deposit. Every month you do this is what we call a qualifying month, where you get extra benefits. We can help you set up automatic deposits to help with this.
    • Receive a bonus interest of 1.95%* p.a. on your total account each qualifying month.  That means that you’ll earn an interest of 0.05% (base interest) + 1.95% = 2.00% p.a.
  • There are no fees, and no minimum account balance is needed.  Your interest is calculated daily and paid out at the end of each month.

    What’s more, when you take up a Nexus Mutual home loan, you’ll get:

    • 0.30% p.a. off our home loan interest rate^ for each qualifying month
    • your Platinum package or Account Service fee waived for each qualifying month

    More information

    Apply Now 

    *Rates subject to change at Nexus Mutual’s discretion.
    ^Offer not valid in conjunction with other promotional rates.
    ‡Terms, conditions, interest rates and benefits are subject to change.

Junior Saver

  • Junior saver account

  • An award-winning high-interest account for under 18's.

    Earn up to 2.60% p.a. interest.

  • Features

    The Junior Saver account is the first step in developing your child's financial literacy. Designed especially for members under the age of 18, it encourages regular savings habits while also allowing easy access to funds.

    • Earns a high interest rate*
    • Bonus interest is paid in addition to your regular interest when you deposit at least $2 and make no more than two withdrawals in a calendar month
    • No monthly fee
    • No minimum account balance
    • No fixed term
    • Can be linked to automatically receive Round Up savings from Visa Debit Card or rediCARD purchases
  • Apply Now 

     

    *Subject to minimum deposit and withdrawal criteria. Please review Nexus Mutual's Account and Access Facility Terms and Conditions brochure, visit one of our branches or call us on 1300 65 33 28. This account is only available to members under the age of 18 years. A junior member may open only one Junior Saver account. Membership eligibility criteria applies to new memberships.

Cash Management

  • Nexus Mutual Cash Management account

  • A high interest account with a wide range of facilities. Availability of sub-accounts means that it can also be used for special purposes and budgeting.

    Earn up to 0.75% p.a. interest.

  • Looking for an everyday, high interest account with flexibility? Look no further than the Cash Management account.

    • Easy to access funds via mobile or internet banking when it suits you
    • Deposit at any Nexus Mutual branch
    • No monthly fee
    • No fixed term or minimum account balance
    • Interest calculated daily and paid quarterly
    • Wide choice of electronic payment methods from BPAY to recurring payments
    • Can be linked to automatically receive Round Up savings from Visa Debit Card or rediCARD purchases