You can enjoy the following benefits:
|Standard rate pa|
|Up to $5,000,000
Rates are effective 1 November 2019 and subject to change at any time. Interest is calculated daily and credited monthly.
Refer to Fees & Charges (PDF) for information on current fees & charges.
Before you apply...
How is interest calculated?
Interest is calculated daily and paid monthly.
Do I need a minimum balance or to make a minimum deposit?
No, there is no minimum balance or minimum deposit required.
How do I apply for a SMSF Account?
You can apply for an SMSF Saver account in one of the following ways:
I don't have an SMSF - can I still open an account?
What type of SMSF trust structure do I need to open an SMSF Saver account?
You can open a SMSF Saver account whether your SMSF is structured with Individuals as joint trustees, or a Company as a trustee.
I'm not a BankVic member - can I open an SMSF Saver Account?
Yes, you can â all you need to do is become a BankVic member.
For an SMSF set up with Individuals as trustees
Each individual trustee is required to be or become a BankVic member. If you're already a BankVic member, you donât need to do any more, but if youâre not a member, you'll need to purchase ten $1 shares.
For an SMSF set up with a Company as trustee
To open the account, at least one director must be a BankVic member. Please note: the company and all individuals be they trustees or company directors will be required to provide verification of their identity in line with Australiaâs Anti-Money Laundering and Counter Terrorism-Financing legislation.
How many trustees will I need?
This will depend on how your trust is structured. Each of your trustees will need to be an account holder.
For an SMSF with individuals as trustees
You will have either two, three or four trustees and each will need to be an account holder.
For an SMSF with a company as a trustee
You will have at least one director, but may have up to four.
What forms will I need to fill in?
Our Service & Sales team will be able to assist you with the forms you will need to fill in.
What documentation will I need to provide?
You will need to provide:
In addition, companies will need to provide:
How regularly will account statements be produced?
Account statements are issued quarterly and made available on eStatements through internet banking. We will notify you via email when your eStatement is available, so please ensure you provide us with a valid email address.