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Money Management Account

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SERVICE ONE Alliance Bank's Money Management Account pays high interest on deposits of $2,000 or more, with a variable daily interest rate, set weekly and paid monthly into any nominated account. Minimum deposit and withdrawal amounts of $500 apply, with deposits at call after 7 days. A summary of this product's features is offered below:

Earn a high return with tiered money market linked interest rates View interest rates.
Interest calculation Daily and paid on the last day of every month.
Balance requirements Minimum balance of $2,000.
Minimum deposit and withdrawal amounts $500 minimum deposits or withdrawals.
Funds availability Deposits available after 7 days.
eLink or phoneLink Access your account online or via phone and do your banking your way.
Direct Credit or Debit Direct Credits are free on your account and set up Direct Debits for your bills knowing they are paid on time.
Over the counter transactions and assistance Receive personal service at a conveniently located Branch.

In addition:

  • Interest rates are reviewed weekly.
  • The balance in this account contributes to your Average Relationship Balance, and this is used to calculate your monthly Fee Allowance to offset everyday withdrawal fees (refer to the Schedule of Fees and Charges for what constitutes a withdrawal).
  • Money Management Account interest rates are tiered to reward larger deposits.
  • Deposits held with SERVICE ONE Alliance Bank are deposits of Bendigo Bank and are covered by the Federal Government's Financial Claims Scheme.
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