BOS Saver

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With a high interest rate, the BOS Saver Account makes saving simple.

Up to
1.25% pa




Reach your goals and maximise your savings. Simply deposit more than $5,0001 to get the most out of your money.


Earn interest on your savings whilst enjoying the flexibility of having your money at call.

Access your savings anywhere, anytime with Internet Banking.

We open a Transaction Account when you apply online to make accessing your money for day to day purchases a breeze.

No ongoing deposits required after your opening deposit, so you can save at your own pace.

  Key features table

BOS Saver
Interest Rates
$5,000 - $5,000,0001.25% pa
Minimum Opening Balance$1,000.00
Debit CardNo 
Cheque BookNo 
Periodic PaymentsNo 
Direct DebitsNo 
Interest PaymentsMonthly


Calculate your savings

Saving for something in particular? Our savings calculator can help you generate a plan to achieve your goals faster. Simply enter your initial deposit amount, contributions (noting their frequency) and the interest rate. See how a BOS Saver account can help you maximise your return and make saving simple.

View Savings Calculator

Why BOS Saver?

  • One application, two accounts. No fuss!2

  • Unlimited access to your funds via your linked BOS Transaction Account

  • No fees payable on online transfers between your BOS Saver and Transaction Account

  • Competitive interest rate on savings

  • No account keeping fees

  • Safe Online Banking 

 Steps to open an account:

  1. Read the Terms and Conditions, PDS & Privacy Policy
  2. Set aside a few minutes to complete your application
  3. Have your contact details and identification handy (Drivers Licence or Passport)
  4. Have your TFN on hand to avoid paying any unnecessary tax on the interest you earn




  Who can apply for a BOS Saver?

Personal customers over the age of 18 who are either an Australian Permanent Resident or Citizen may apply. Business and Trust customers are unable to apply online however, we have other options available to suit your needs.

  What do I need to apply online?

If you are an existing Bank of Sydney customer, all you need is your contact details and your Bank of Sydney Transaction Account Number.

If you are a new customer, you will need your contact details, your Australian Identification (Driver’s license or Passport) and TFN on hand.  You do not have to quote your TFN, however if you choose not to quote your TFN or eligible exemption, any interest payments may be taxed at the maximum rate. We recommend you obtain your own independent tax advice.

All applicants will also need existing Account Details (BOS or another Financial Institution) to complete the Linked Account Details Section in the application form.

  Is there a minimum opening balance required for this product?

You are required to deposit a minimum of $1,000 into the account within 10 business days. If the funds are not deposited within this period, the system will automatically close the account. Note only balances between $5,000 to $5,000,000 are eligible to earn interest.

  How will my interest be calculated and paid?

Interest is paid on balances between $5,000 to $5,000,000.

Interest is calculated daily from the date funds are deposited into your account and paid monthly.

  When will my linked Everyday Transaction Account be opened?

Once funds are received into your BOS Saver Account, an Everyday Saver Account will be opened.

We open an Everyday Saver Account with every BOS Saver Account so that you can access your savings at call, as and when you need. You can also link a Visa Debit Card to your Transaction Account to make accessing your funds for day-to-day purchases easy.

  When will I receive my Internet Banking Details?

Internet Banking details will be provided within 24 hours of your account being opened.

We will send you a temporary username via email, and a temporary password via text message. You will be prompted to change your password on first login, and can change your username at any time under “Settings” in Internet Banking.

  I want to deposit over $5,000,000, what do I do?

Please call us (13 95 00) so we can discuss your financial needs.

  How can I withdraw funds from my BOS Saver Account? 

The easiest way to withdraw funds from your BOS Saver Account is via Internet Banking. Once you have transferred your savings to your linked Transaction Account, you can transfer funds to another Financial Institution or use your Visa Debit Card to make purchases or withdraw cash via an ATM.

Please note, if you would like to withdraw your funds in branch, a $5 Branch Assisted Fee will be applied.

  What method of account operation is applied to my new account?

If you are applying for a BOS Saver Account with 2 or more applicants, any one of the applicants will be able to operate the account on their own (also known as ‘Either to sign’ operation). This means that any account holder can transact on the account without the permission of other account holders.
If you would like an alternate mode of operation applied to your new account, please contact us on (13 95 00) to discuss your needs.

1 Interest is applicable to balances between $5,000 to $5,000,000. Rates subject to change. 
2 A Bank of Sydney EverdaySaver Transaction Account will be opened as part of your BOSSaver application.