Savings account
GMCU Advantage Saver
5.05%p.a. from 1 Dec · 4.80% until then
0.01% base + 4.79% bonus when the conditions are met
75th of 151 savings accounts · market average 4.46%
The RBA raised the cash rate to 4.85% on 4 November. Advantage Saver rises to 5.05% on 1 December, as announced. Until then it pays 4.80%.
What the bonus asks
2 things each month- Each month
- A deposit of at least $20
- No withdrawals
- A month without them
Pays the 0.01% base rate on the whole balance.
- Who can open it
Anyone
- Balance
No balance cap.
Rate history
Rise announced for 1 Dec- Advantage Saver
- RBA cash rate
- Market average
December 20261 change
- 1Tue
- 4.80 → 5.05Announced by the bank · rises on this day, 4.80% until then+0.25
November 20261 change
- 1Sun
- 4.55 → 4.80Bonus rate 4.54% → 4.79% · 32 days after the RBA rise to 4.60%+0.25
- #75SepSep 2026: ranked 75 of 120
- #82OctOct 2026: ranked 82 of 150
- #85NowNov 2026: ranked 85 of 151
- Top 5%
- Top 10%
- Top 25%
- Top half
- Lower half
Mostly outside the top half of accounts over the last 3 months: from #82 of 150 in Oct 2026 to #75 of 120 in Sep 2026.
- A year meeting the conditions
- $2,525
- A year without meeting the conditions
- $5
- Against the average (4.46%)
- +$296
On a $50,000 balance. Type yours above; it's kept with your savings preferences.
Advantage Saver account is a savings account for those dedicated to a regular savings plan. A bonus rate is available in months where there are no withdrawals and a deposit of at least $20.
Notes from savers
to leave a note.
Pays 4.80% p.a. total (0.01% base plus 4.79% bonus) as of 9 November 2026, and 5.05% from 1 Dec as announced by the bank. Ranks 75th of 151 savings accounts tracked by BankMate, 0.59 points above the average of 4.46%. The rate last rose on 1 November 2026, 32 days after the RBA raised the cash rate to 4.60%. From GMCU's Consumer Data Right feed, refreshed nightly. Compare savings accounts ·