Bonus Reward Saver
Turn small, consistent contributions into bonus interest on your savings.
Key features
Earn bonus interest by depositing at least $20 per month and making no withdrawals
Interest is calculated daily and paid monthly on your savings balance
No age requirement
Access via internet banking and MyCOAST App
Competitive bonus rate
Fees and requirements
No monthly service fee
No minimum balance
Free deposits
Free withdrawals (withdrawals will forfeit bonus interest for that month)
Rates
Bonus interest rate (includes base rate)
3.75
%p.a. interest rate*
Base rate
0.40
%p.a. interest rate*
Wondering if this is the right account for you? Contact us
*Interest rates are variable and subject to change without notice.
Conditions of use | Schedule of fees and charges | Financial services guide | Summary of accounts | Deposit interest rate sheet
Here to help
Coastline offers three distinct high-interest savings accounts. The Rise Online Saver, eSaver, and Bonus Reward Saver. Each one is designed for different savings styles. Our guide breaks down how each account works so you can choose the one that best fits your goals and maximises your money.
- Learn more
Coastline offers three distinct high-interest savings accounts. The Rise Online Saver, eSaver, and Bonus Reward Saver. Each one is designed for different savings styles. Our guide breaks down how each account works so you can choose the one that best fits your goals and maximises your money.
- Learn more
Thinking about making a big purchase? Budgeting is a great way to make it happen without putting a strain on your finances. To help you get started, we’ll share our best tips on budgeting for two popular expenses: a car and an overseas holiday.
- Learn more
Saving for a home can feel like a big task, but with the right approach, it’s easier than you think—and we’re here to help. Let us show you some simple, practical tips to move your savings in the right direction. From setting realistic goals to building a budget that works. Plus, you'll learn about the Coastline accounts and tools to help you build up that deposit.
- Learn more
Interest is a fantastic way to grow your savings, but understanding how it works is key. Our guide breaks down the basics of how interest is calculated and paid so you can make the most of your savings.
- Learn more
Saving money is key to financial stability, but not all savings tips work for everyone. No room for a veggie garden? Too far to walk to work? We get it. This guide shows you practical strategies for saving money and how they can help you build a solid financial foundation.
Explore our savings & budgeting calculators
Budget planner calculator
Line about budgeting goes here and here.
Savings calculator
Line about saving goes here and here.
FAQs
To qualify for the bonus interest rate, you’ll need to deposit at least $20 per month and make no withdrawals. If you don’t meet these conditions, you’ll still earn the base rate.
To qualify for the bonus interest rate, you’ll need to deposit at least $20 per month and make no withdrawals. If you don’t meet these conditions, you’ll still earn the base rate.
No, there is no minimum balance required to open or maintain the Bonus Reward Saver Account.
There are no monthly service fees or fees for making deposits. However, if direct debits are dishonoured due to insufficient funds, a $5 fee may apply. Additionally, coin-handling fees may be charged for deposits.
No, there is no upper limit on the amount you can save in the Bonus Reward Saver Account.
- Learn more
If you suspect a scam or suspicious activity, report it immediately.
Ways to report a scam:
- Call our fraud hotline on 1300 361 066 for assistance.
- Visit your nearest Coastline Bank branch for help.
- Report in internet banking log in and send us a secure message
Please provide detailed information about the scam to help us address it effectively.
Report to Scamwatch to help prevent others from falling for the scam.
MyCOAST App
Experience the freedom and convenience of managing your money anywhere, anytime with the MyCOAST Mobile Banking App. Whether you’re on a coffee break, at home, or travelling our app is designed to keep you connected to your finances.
Download the app.
General advice warning
This advice has been prepared without taking your objectives, financial situation, or needs into account. Before acting on this advice, you should consider whether it is appropriate for your circumstances. For more details, access the relevant Product Disclosure Statements, Target Market Determinations or Financial Services Guides under 'Important information' on our product pages.
All loan applications are subject to credit approval. Interest rates may vary, and fees and charges could apply.