Target Savings Accounts
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Saving is something most people don't think about too much. But in reality, putting money aside as savings is the only way to effectively get some of the bigger things in life - like a car, holiday or house. |
What can I do here?
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If you have a transaction account for your everyday spending, then you should have a savings account to help you save money. This is because you can save faster in a dedicated savings account. If you have money to spare, there is no point leaving it in a transaction account, as it will earn very little interest and you will get little reward for your effort. It also makes it easier to dip into your savings at any time.
Nurses First offers several high interest alternatives to help you meet your savings goals. Read on to see which account suits you, and find out more in the comparison table below.
CashSaver Account
Looking for an online savings account with a great interest rate? Here it is. There's no need for a regular deposit or to be locked into a fixed term. You can access your funds electronically at any time via a linked account, while still earning a great interest rate.
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Rewards your savings with a high interest rate for balances over $5,000.
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No mimimum opening balance
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No fees and charges
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Limited to electronic access via Netlink online banking and Phonelink telephone banking
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A Nurses First transaction account is required in addition to the CashSaver Account if you wish to have card access
SwiftSaver Account
Are you saving for a future goal like a car, your first home or a holiday? Perhaps you are trying to begin a regular savings plan? Nurses First SwiftSaver Account is your perfect savings account as it will get you into a regular savings plan, and reward you for sticking to it!
Christmas Club Account
The Christmas Club account is the ideal way to ease the financial strain at Christmas. By regularly putting away a small amount during the year you can have the money you need at Christmas.
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A high interest rate for all balances
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No minimum opening balance
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No account-keeping fees
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Unlimited fee free access between November 1 and December 31
Save on fees
Nurses First provides a range of services to help you save on fees. And if you direct your pay to your Nurses First account* you can make as many transactions as you like, fee free. Find out more about our fee free banking alternatives.
*Transaction Fees are exempt if a minimum of $250 per fortnight or $500 a month of payroll is deposited to the account.
Target savings accounts at a glance:
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Description |
Online savings account that give you electronic access to your fund while paying a high interest rate. |
Savings account that pays bonus interest for making regular deposits. |
Account designed specifically for saving for Christmas. |
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Deposits |
- Payroll Credit
- Direct Credit
- Netlink transfer
- Phonelink transfer
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Payroll Credit
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Direct Credit
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Netlink transfer
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Phonelink transfer |
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Payroll Credit
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Direct Credit
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Netlink transfer
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Phonelink transfer |
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Withdrawals |
- Netlink transfer
- Phonelink transfer
- BPAY
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Netlink transfer
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Phonelink transfer
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BPAY
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Corporate Cheques |
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BPAY
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Netlink transfer
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Phonelink transfer |
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Free Transactions |
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Netlink transfer
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Phonelink transfer
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BPAY
- Periodical payments - internal
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Other Features |
- Electronic access only
- No branch deposits or withdrawals
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- Withdrawal only allowed between 1 November and 31 December
- Statements issued 6 monthly
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Interest & Fees |
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- Calculated daily and paid annually
- Fee for withdrawals 1 January to 31 October
- View current interest rates and fees
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 Next step - Target Savings Accounts
You can use our Budget Planner to plan your expenses, and our Savings Calculator to plan for a long term savings goal.
Call 13 25 77 between 8:30am and 8:00pm Monday to Friday to speak with a Member Services Consultant about our savings accounts. You can also make an online enquiry.
View savings account interest rates and fees.
Opening a Nurses First savings account is easy.
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Online. Start the process by making an online enquiry and a Member Services Consultant will contact you.
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By phone. Call 13 25 77 between 8:30am and 8:00pm Monday to Friday to apply over the phone.
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In person. Visit our branch to complete an application.
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