Purple Bonus Saver
Bonus savings account
Any age
4.90%p.a.
0.01% base + 4.89% bonus
To earn the bonus each month
- Deposit at least $50 into the account each month.
Beyond Bank savings account and term deposit rates
Beyond Bank Australia Limited · Customer-owned bank
Beyond Bank's best ongoing savings rate is 4.90% p.a. on Purple Bonus Saver, in months when you meet its bonus conditions. Its best term deposit pays 5.30% p.a. for 9 months on $2,000 or more.
Verified 2 Nov 2026
Key facts
- Top savings rate
- 4.90% p.a.
- Best term deposit
- 5.30% p.a. for 9 months
- Minimum term deposit
- $2,000
- Deposit protection
- $250,000 per account holder
- Credit cards
- 1 card from Beyond Bank
Purple Bonus Saver, in months you meet the bonus conditions
Interest paid at maturity
For new term deposits
Financial Claims Scheme
In our credit card catalog
What would your money earn at Beyond Bank?
Type any amount and pick an account. Estimates are before tax and assume the rate stays the same.
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Account
Fixed for the term. From $2,000.
Interest over 12 months
$1,225
4.90% p.a., interest paid at maturity.
Beyond Bank 12-month term deposit$1,225
Bank Australia Term Deposit, 5.60% p.a.$1,400
That is $175 less than the best 12-month term deposit in Australia would pay on the same amount.
Beyond Bank rates
Every rate is variable. Bonus rates show as the total you earn, with the base and bonus parts underneath.
monEsaver Internet Account
Savings account, no monthly conditions
Any age
2.70%p.a.
No monthly conditions
The monEsaver is an online savings account with no account keeping fees.
BU Account
Savings for under 18s
Under 18
3.35%p.a.
No monthly conditions
The perfect account to stash your cash.
Retirement Account
For retirees and pensioners
Any age
1.80%p.a.
No monthly conditions
The Retirement Account enables retirees to earn a little, whilst still using this as an everyday bank account.
Term Deposit
| Term | $2,000 to $49,999 | $50,000 to $199,999 | $200,000 and over |
|---|---|---|---|
| 3 months | 3.85% | 4.10% | 4.30% |
| 6 months | 4.45% | 4.70% | 5.00% |
| 9 monthsBest rate | 5.30% | 5.30% | 5.30% |
| 12 months | 4.90% | 5.15% | 5.20% |
| 2 years | 4.35% | 4.50% | 4.60% |
| 3 years | 3.60% | 3.65% | 3.65% |
| 48 to 59 months | 3.60% | 3.65% | 3.65% |
Interest paid at maturity. Terms longer than 12 months pay interest once a year. New term deposits start at $2,000.
How Beyond Bank compares with other banks in Australia
Every bank we track in Australia, ranked by its best ongoing savings rate, with its 12-month term deposit. Verified 2 Nov 2026.
| # | Bank | Top savings rate | 12-month term deposit |
|---|---|---|---|
| 1 |  ING | 5.75% p.a.Savings Maximiser, monthly conditions | 5.30% p.a.Personal Term Deposits |
| 2 |  St.George | 5.40% p.a.Incentive Saver, monthly conditions | 4.75% p.a.Term Deposit |
| 3 |  Bank Australia | 5.35% p.a.Bonus Saver, monthly conditions | 5.60% p.a.Term Deposit |
| 4 |  Teachers Mutual Bank | 5.35% p.a.Momentum Saver, monthly conditions | 5.35% p.a.Term Deposit |
| 5 |  ANZ | 5.35% p.a.ANZ Plus Growth Saver, monthly conditions | 5.30% p.a.ANZ Advance Notice Term Deposit |
| 6 |  Bankwest | 5.35% p.a.Hero Saver, monthly conditions | 5.30% p.a.Bankwest Term Deposit |
| 7 |  Virgin Money | 5.30% p.a.Virgin Money Boost Saver, monthly conditions | Not published |
| 8 |  Macquarie | 5.25% p.a.Macquarie Savings Account | 5.40% p.a.Macquarie Term Deposit |
| 9 |  CommBank | 5.25% p.a.GoalSaver, monthly conditions | 5.30% p.a.Standard Term Deposit |
| 10 |  NAB | 5.25% p.a.NAB Reward Saver, monthly conditions | 5.30% p.a.NAB Term Deposit |
| 11 |  Westpac | 5.25% p.a.Westpac Life, monthly conditions | 5.30% p.a.Term Deposit |
| 12 |  BOQ | 5.00% p.a.Simple Saver Account | 5.40% p.a.myBOQ Term Deposit |
| 13 |  Bendigo Bank | 5.00% p.a.Bendigo Reward Saver, monthly conditions | 4.90% p.a.Standard Term Deposit |
| 14 | Beyond Bank | 4.90% p.a.Purple Bonus Saver, monthly conditions | 4.90% p.a.Term Deposit |
Who can open them, and how safe is the money?
Who can open each account
- Purple Bonus Saver
- Any age
- monEsaver Internet Account
- Any age
- BU Account
- Under 18
- Retirement Account
- Any age
- Term Deposit
- Any age, from $2,000
Is my money protected?
The Australian Government's Financial Claims Scheme covers deposits at Beyond Bank up to $250,000 per account holder.
Questions about Beyond Bank savings and term deposits
Community
Beyond Bank savers will soon be able to report whether their bonus rate paid out each month, and ask other savers questions.
Cards issued by Beyond Bank
Other banks in Australia
- INGSavings 5.75% p.a.12-month 5.30% p.a.
- St.GeorgeSavings 5.40% p.a.12-month 4.75% p.a.
- BankwestSavings 5.35% p.a.12-month 5.30% p.a.
- Teachers Mutual BankSavings 5.35% p.a.12-month 5.35% p.a.
- ANZSavings 5.35% p.a.12-month 5.30% p.a.
- Bank AustraliaSavings 5.35% p.a.12-month 5.60% p.a.
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