SBS i-save – the savings account that helps you stay on track.
i-Save account
0.40%
per annum
Interest calculated every day
and paid monthly.
Open Online
Interest rates are subject to change.
Our i-save account is the simple way to save. You can pair it with your SBS Lite transactional account and have instant access to your money anytime, anywhere. You can transfer money in or out to your other SBS accounts, but it has a built-in temptation barrier in place for you with no withdrawals or card access. This account is for saving, not spending.
Features
- No monthly account fees.
- No minimum balances.
- Earn interest on every dollar.
- Interest is calculated daily and paid into your account monthly.
- Unlimited online transfers to and from your other SBS accounts.
- Statements are available online. There is a charge for printing and posting you a paper statement.
Built-in temptation controls
- Can’t be used for direct debits, automatic payments or ATM withdrawals.
- No EFTPOS card or Debit Mastercard access.
See our fees and charges for more information. Interest rates are subject to change.
The SBS Call account – just right for classic banking.
Call account
0.35%
per annum
Interest calculated every day
and paid quarterly.
The SBS Call account is a simple way to set money aside from your everyday funds, or to park funds while waiting on other investment opportunities. Your funds still earn interest, but this account is less about actively growing your savings and more about access to your funds when needed.
Features
- No monthly account charges or transaction fees.
- No minimum opening balance.
- You can make unlimited withdrawals with no fees
Interest is calculated daily and paid quarterly. - You can access your Call account through Internet Banking, the SBS Mobile app, our phone teams and branches.
- Statements are available online. There is a charge for printing and posting you a paper statement.
See our fees and charges for more information. Interest rates are subject to change.
How our two savings accounts compare.
| Feature | SBS i-save | SBS Call account |
| Monthly fee | None | None |
| Interest calculation | Daily | Daily |
| Interest credited to your account | Monthly | Quarterly |
| Fee for electronic withdrawal (EFTPOS, direct debit, ATM, automatic payment, online payments) | Not Available* | Free |
| Fee for an over-the-counter withdrawal or transfer at an SBS Branch | Free | Free |
| Can use with Internet Banking and the SBS Mobile app | Yes | Yes |
| Can use with an EFTPOS card | No | No |
| Can use with an SBS Debit Mastercard | No | No |
| Duplicate or additional printed statements | $2.50 | $2.50 |
* You can’t make withdrawals directly from your i-Save account. Instead, you transfer the funds to your SBS transactional account.
Important information for the SBS i-save and Call accounts.
- Interest rates are subject to change.
- Account opening and eligibility criteria, fees and charges, and terms and conditions apply.