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The IMB Reward Saver Account is the ideal account to help you save for something special. It rewards you with bonus interest when you deposit as little as $50 a month and make no withdrawals during the month, so your savings can grow faster. Plus there are no monthly account keeping fees.1

  • Earn bonus interest by saving as little as $50 a month with no withdrawals
  • No monthly account keeping fees
  • Access to real time payments through Osko®
  • Set up automatic transfers from your Everyday Account
  • Personalise your account name (e.g. ‘Holiday Savings’)
IMB has made important changes to the IMB Reward Saver relating to the method of calculating interest and the interest balance thresholds. These were effective 1 September 2021. Details can be found on our Notice of Changes to our Product Disclosure Statement available here.

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Interest Rates*

Account balance Standard Variable
Interest Rate
Standard Variable
Bonus Rate*
Introductory Fixed
Bonus Interest Rate
up to*
Earn
up to
$1,000,000.01 & above 0.00% pa 0.00% pa 0.00% pa 0.00% pa
$500,000.01 - $1,000,000.00 0.00% pa 0.50% pa 0.50% pa 1.00% pa
$100,000.01 - $500,000 0.00% pa 0.50% pa 0.50% pa 1.00% pa
$5,000 - $100,000 0.00% pa 0.50% pa 0.50% pa 1.00% pa
$0 - $4,999.99 0.00% pa 0.50% pa 0.50% pa 1.00% pa

* Rates current as at date of appearance and subject to change. A different rate applies to the portion of the balance in each tier. Interest rates are subject to change without notice. Interest on all deposits is calculated on the daily balance at a daily rate equivalent to the annual rate divided by 365. To earn bonus interest the account holder must make a minimum $50 deposit and no withdrawals per month. If bonus interest criteria are not met for the calendar month, both the Standard Variable Bonus Interest and Introductory Fixed Bonus Interest Rate are forfeited. Introductory Fixed Bonus Interest Rate is payable for the first 4 interest payments for new accounts opened from 1st September 2021, for new or existing Members who have not held a Reward Saver account before.

Fees, Charges and Limits

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Important Information:
1. Transaction fees apply. This advice is general advice only and does not take into account your objectives, financial situation or needs. You should consider the Product Disclosure Statement available from IMB before making a decision about this product. ® Osko and logo is a registered trademark of BPAY Pty Ltd ABN 69 079 137 518. Target Market Determination, available here.