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No matter what goal you're aiming for, you can maximise your savings with
Big Sky. From the Net Invest Account to the Christmas Club Account, we offer savings products to suit your individual needs and deliver competitive interest rates across the range.
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Everyday Banking Account
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This is our transaction account for day-to-day usage to meet your everyday banking needs.
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Features & Benefits
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- EFTPOS transactions are FREE and unlimited
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- Bank@Post (Australia Post) access for both deposits and withdrawals
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- No monthly account keeping fees
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- Up to 5 free ATM and member cheque transactions per month
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- Provides you with instant access to your funds through a VISA Debit card, Redicard and cheque book
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- Interest is calculated on the minimum daily balance (tiered interest rates apply)
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- Can be linked to an Overdraft or Equity Access loan
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- No minimum balance required
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- Direct crediting available e.g. payroll
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- Direct debiting or periodical payments available
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- Internet & Telephone Banking available
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Golden Saver Account
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Golden Saver Account recognises that most people don't want to work forever and is specifically designed to assist eligible retired members by offering an effective and simple solution to the Government's deeming rules.
To be eligible for the Golden Saver account, members must be over 55 and not employed full or part time. For joint accounts, both members must meet this criteria to open a Golden Saver account.
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Features & Benefits
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- Deeming interest rates used by Government for pension purposes regardless of actual interest earned
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- No monthly account keeping fees
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- Bank@Post (Australia Post) access for both deposits and withdrawals
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- Interest is calculated daily, based on a tiered rate system that is equivalent to Government deeming requirements for social security payments
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- Interest is paid quarterly
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- Visa debit card / Redicard and cheque book access
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- No minimum balance is required
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- Internet & Phone Banking available
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- Direct debiting or periodical payments are available
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Mortgage Offset Account
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An Offset account can significantly reduce the amount of interest expense and the term of the loan. You can access your funds after transferring them to your at-call account via telephone or internet banking. The advantage is that while the balance is greater than $500, it is offset against the loan balance.
For example, you may have a home loan balance of $100,000 and an Offset account balance of $15,000. Big Sky will calculate the interest charge as if the outstanding home loan balance was $85,000. This may reduce the overall cost and term of the loan.
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Features & Benefits
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- Transfer funds to your at-call account via internet or telephone banking and have full Visa debit card access
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- Internet & Telephone Banking available
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- Direct debiting or periodical payments are available
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Christmas Club Account
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Take the worry out of Christmas shopping with a Big Sky Christmas Club account.
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Features & Benefits
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- Higher interest rate offered than the standard Everyday Banking rate
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- No monthly account keeping fees
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- Funds become available in December of each year
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- No minimum account balance is required
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- Funds are credited to your Everyday Banking account in first week of December
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- Interest paid in May and November
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- Direct crediting is available. e.g. payroll
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- Internet & Phone banking available for credit transfers only
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Target Saver Account
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By offering a premium interest rate, the Target Saver account is designed to help you focus your savings towards achieving your goal.
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Features & Benefits
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- Higher interest rate offered than the standard Everyday Banking rate
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- No monthly account keeping fees
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- Members can open the account with any amount and nominate a Target Date and/or a Target Amount
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- The account must be active for a minimum of six months
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- Deposits can be made via a direct payroll deduction or transfer
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- Interest is calculated on the daily balance and is credited to the account quarterly, and on reaching the target date and/or the closure of the account
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- Once the target date is reached, the account is closed and the balance plus accrued interest will be transferred to your Everyday Banking Account
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If you would like to open any of the above accounts, please contact us.
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