Save with Alex.Bank

A flexible, easy-to-use account with no hoops to jump through, plus a competative rate to help you grow your savings.

Your deposits with Alex.Bank up to $250,000 are protected by the Australian Government Financial Claims Scheme.

4.15%p.a.

Variable interest rate¹

Earn a competitive and variable rate on all balances up to $250,000.

Access your funds anytime without the worry of interest penalties! Enjoy the freedom to move money in and out of your Savings Account as needed.

No linked account needed. No complex bonus conditions. No minimum deposit required.

Why spend it, when you can save it with an Alex.Bank savings account.

That's right, we've scrapped all ongoing fees to give you a fairer go.

Can I open an Alex.Bank Savings Account?
Our Savings Account is currently available by limited release. If you’d like to be among the first to know when it’s available, join our waitlist and we’ll keep you updated!
How is my interest calculated?
If interest is payable on your Account, then it is calculated on a daily basis using the following formula:
Daily Closing Balance × (Interest Rate applicable to your Account ÷ 365)
The Daily Closing Balance is the credit balance of your Account at the end of a day. Interest is credited to your Account monthly at the end of a calendar month and on the day that the Account is closed.
Are there any deposit conditions on my Savings Account?
We don't have any deposit conditions on our Savings Account to earn interest.
For example, you don’t need to make a minimum monthly deposit and the rate does not expire after a honeymoon period.
Are there any fees on my Savings Account?
No. Our Savings Account is completely fee-free, so you can save without any extra costs.

Get a competitive rate, and flexible repayment options with our award-winning^ unsecured personal loan.

We’re a digital-first bank passionate about building the future of banking in Australia.