Extra Saver - our easy access savings account
- One great rate of 1.30% AER/gross pa (variable)
- Save between $1 - $100,000
- Open your savings account in minutes
- Interest paid annually
- Make payments into your savings account online, by
phone or with
SaveBack
- No withdrawal restrictions
Apply for your savings account now
It's quick and easy to apply for a Barrel Trust Extra
Saver savings account.
Call us now or apply online.
We are covered by the
Financial Services Compensation Scheme
Extra Saver - our easy access savings account
Interest rates to help you save
| Interest rate |
Annual AER / Gross p.a. |
Net p.a. |
| $1-$100,000 |
1.30% |
1.04% |
| $100,001+ |
0.50% |
0.40% |
Please see the
summary box for the key product information on our Extra
Saver account.
Extra ways to manage your account
You can apply and manage your savings either online or
over the phone. Make quick and easy payments through our
Online Banking Service or by calling our call centre. Save
using our unique deposit service with
SaveBack.
It takes minutes to apply for a Barrel Trust Extra Saver
savings account
You're eligible if you:
- Have a permanent Australian address
- Are over 18 years of age
To apply you will need the following information:
- Personal details - date of birth, address,
nationality, email address and occupation
- Security details - place of birth, first school
attended, mother’s maiden name
Applying for a Joint account?
You will be required to provide the above information for
both parties to complete your application in joint names.
Apply online or by phone
Key product information for our Extra Saver account
| Account name |
Extra Saver |
| Interest rates (AERs) |
Variable interest - currently 1.30%
AER/gross. Open an Extra Saver account and
deposit between $1 and $100,000. If your account
goes above $100,000, the rate of 0.50% AER/gross
will apply on the full balance. |
| Tax status |
Interest is paid net of tax at the
prevailing rate (currently 20%) To register for
gross interest please call us. |
| Conditions for bonus payment |
No bonus available on this account. |
| Withdrawal arrangements |
Withdrawals are by electronic transfer via
Barrel Trust Online Banking Service or telephone
service centre. Withdrawals are by transfer to
another account only. No withdrawal restrictions
or charges. |
| Access |
Telephone and online |
Gross rate: The gross rate is the contractual rate
of interest payable before the deduction of income tax at
the rate specified by law (currently 20%).
AER: AER stands for annual equivalent
rate and illustrates what the interest would be if interest
was paid and compounded each year.
Net: is the rate of interest paid after
the deduction of basic rate tax at 20%.
