Give Your Savings A Boost
Earn up to 4.75% interest when you grow your savings balance every month*.
With The Capricornian Bank’’s brand-new bonus saver account, you can fast-track your progress with returns designed to reward consistent habits. Whether you are actively putting money away for a holiday, a new car, a home deposit, or building up a secure emergency fund, this high interest savings account helps you reach your financial milestones sooner.
Setting aside money regularly is one of the most effective ways to stay on track towards your long-term goals. By securing a bonus interest savings account that rewards your dedication, even small deposits can build into substantial momentum over time.
To receive your bonus interest during the calendar month, you simply need to meet three straightforward conditions:
Grow Your Balance Each Month
Deposit a minimum of $100 into your account every month.
Limit Withdrawals
Ensure you make zero ($0) withdrawals or debits from the account during the calendar month.
Meet the Account Conditions
The account must remain open throughout the entire calendar month.
View account terms and conditionsOur savings account with bonus interest is designed specifically to help you reach your savings goals faster, without everyday transactional temptations:
- No Direct Debits: Direct Debits cannot be set up on this account, keeping your accumulated savings completely insulated from automated bills.
- No Visa Debit Cards: This account does not feature a Visa Debit Card, protecting you from impulsive spending.
- High-Value Bonus Limit: Your bonus interest is paid on balances up to a maximum threshold of $250,000.
- Multi-Account Flexibility: You can open a maximum of 10 individual Bonus Saver accounts per membership, allowing you to easily categorise your different savings goals.
At The Capricornian, we believe in straightforward digital banking. Manage your savings online or on your mobile device with confidence.
| Title | Fee |
|---|---|
| Staff Assisted Withdrawals¹ | $3.00 |
| Internal funds transfer (online and mobile app) | $0 |
| Internal funds transfer (in branch and contact centre) | $0 |
| External funds transfer (standard transfer – online and mobile app) | $0 |
| External funds transfer (OSKO – online and mobile app) | $0 |
| BPAY (online and mobile app) | $0 |
| Account Service Fee | $0 |
| Account | Interest Rate |
|---|---|
| Base Interest | 0.10% |
| Bonus Interest | 4.65% |
Rates effective from 1/06/2026.
If you make any withdrawal, transfer, or debit from your Bonus Saver account during a calendar month, you will not qualify for the bonus interest rate for that specific month. Instead, your account will earn our low base interest rate on your balance for that calendar month. Your eligibility for the bonus rate resets on the first day of the following calendar month.
No. The minimum monthly deposit of $100 must come from an external source or a transfer from another Capricornian account held under your membership. Interest payments credited to your Bonus Saver account by the bank do not count towards your $100 monthly savings growth condition.
Interest is calculated daily on your closing balance and is credited to your Bonus Saver account on the final calendar day of each month. This ensures you receive compound growth benefits on every dollar you save throughout the month.
Yes. The Capricornian is an Authorised Deposit-taking Institution (ADI). This means your deposits are legally protected by the Australian Government’s Financial Claims Scheme (FCS). Under this guarantee, deposits are secured up to a limit of $250,000 per depositor, per ADI.
To protect your savings habits and ensure you do not accidentally forfeit your monthly bonus interest, the Bonus Saver account is structured with strict transactional limits. You cannot link direct debits, outgoing BPAY payments, or debit cards directly to this account. To make payments, you must manually transfer funds to an everyday transaction account first, which will count as a withdrawal and impact your bonus interest eligibility for that month.
*Eligibility criteria, terms and conditions, fees and charges apply. Please note this information does not take into account your personal circumstances and is general advice only. Before opening any Capricornian Bank account, please read the Conditions of Use and decide if the account is right for you. Interest rates are subject to change without notice and should be verified with your local Capricornian Branch.
1 Staff assisted withdrawals from the Bonus Saver account will incur a $3 fee per withdrawal. Exemptions apply for Capricornian Customers aged 25 years and younger, as well as Customers aged 65 years and older.
To close your account, please visit us in branch or call our Contact Centre on 1300 314 900. Please see Conditions of Use for further information.
Bonus Interest will only be granted if all of the Bonus Interest criteria has been met throughout the month and the Bonus Saver account remains open throughout the entirety of the calendar month.
Current Bonus Saver Variable Interest Rate for The Capricornian Bank customers on deposits up to $250,000 of the balance to which the base rate will continue to pay out on the remainder of the balance.
