Customers looking to park their money at Adelaide Bank only have one basic option with generally straightforward features. 

The bank’s savings account, dubbed MySaver, highlights a no-frills banking solution with more emphasis on accessibility than interest earnings. That said, the offered base interest rate is consistent across the balance without tiered conditions or options to earn bonus interest. 

Funds, meanwhile, can be accessed at-call, mainly via Internet and phone banking, as well as in-person transactions at branches nationwide, making it ideal as a savings account for emergency funds or daily expenses.

Notably, Adelaide Bank does not participate in the Osko payments system.

What are the features of Adelaide Bank’s savings account?

To open a MySaver account, the customer must have a linked Adelaide Bank MyEveryday transaction account. The linked transaction account provides the necessary functions for everyday banking, i.e. ATM withdrawals via the attached Visa debit card, while the savings account focuses on accruing interest. 

The savings account is designed as an online-only account, manageable only through Internet or mobile banking and does not come with a physical debit card. It needs to be linked to a transaction account to unlock full functionality.


Minimum deposit

Unique features

Bonus interest



Must be linked to a transaction account

No account-keeping fees


These are correct at the time of writing and are subject to change.

Those who only need a transaction account and a debit card can open a MyEveryday account without opening a MySaver account. 

What are the fees charged to customers?

Customers of Adelaide Bank’s savings account need not pay account-keeping and transaction fees for withdrawals, balance transfers, and enquiries conducted at any ATM within the Bendigo Bank shared network.

However, other charges may apply to other transactions, including the following:


Fee each

Branch withdrawal or transfer


Bank@Post withdrawal or deposit


Overseas ATM withdrawal or balance enquiry


Bank cheque withdrawal


Swift transfer


Interbank credit transfer


Foreign currency transaction

2.00% of the converted AUD amount

These are correct at the time of writing and are subject to change.

On the other hand, cash deposits at any Bendigo Bank branch, auto deductions, BPAY/AnyPay, direct credits, online and phone banking transfers and enquiries are all fee-free. 

Who can open a savings account with Adelaide Bank?

The MySaver savings account is exclusively available to existing customers. They must be at least 18 years old and have a minimum deposit of $500. 

Opening an account typically requires standard identification documents like a driver’s licence and passport. Applicants are also advised to provide a tax file number (TFN) to ensure the right marginal tax rate is charged on their interest earnings. 

For specific details about requirements and fees and charges, it is best to consult directly with Adelaide Bank.