Bonus Saver.

We're serious about saving and you should be too!

Interest up to


Apply now

Don’t wait, open an account online.

Like the name suggests, our Bonus Saver is packed with bonuses designed to help you save your money. There's a minimum of $1 needed to kick-start your savings goal with a limit of one per membership permitted.  You'll need a transaction account to do any of your regular banking such as paying your bills.

Already bank with us?

It’s simple, apply through Internet Banking with your existing details. Can’t remember? No problem, just call us and we’ll help get you started.

New to Illawarra Credit Union?

Have your Documents to prove your identity (POI) handy.

Get started

Hit ‘apply now’ to complete the application form, we’ll complete your ID check & get you started with your new account.

Open now

Rates & fees.


Balance Interest Rate
Base Interest
0.00% p.a.
Bonus Interest
on the part of the balance from $0 to $99,999
4.00% p.a.
Bonus Interest
on the part of the balance $100,000+
0.00% p.a.

Interest & Fees

Interest is calculated daily on closing credit tier balance and credited at month end. Refer to Summary of Accounts & Availability of Access Facilities, Fees and Charges, and our rates and fees for more information.

1Bonus interest will be paid if you deposit at least $100 during the month and no withdrawals are made in the calendar month. Bonus interest will not apply in the month the account is closed. All portions of funds above $100,000 will be paid the base interest.

A minimum of $1 is needed to open a Bonus Saver with a limit of one account per membership permitted.

What makes it so great?

Always on.

24/7 access with e-statements, internet banking & our moneytree app – banking from your phone or tablet.

Bonus interest¹ for saving.

Earn bonus interest when you deposit a minimum of $100 each month and make no withdrawals.

$0 account keeping fees.

No monthly account keeping fees & no minimum monthly deposits.

Government Guarantee.

The Australian Government guarantees aggregated deposits with Australian authorised deposit-taking institutions, including Illawarra Credit Union, of up to $A250,000.

The Financial Claims Scheme (FCS) is an Australian Government scheme that was established during the 2008 global financial crisis to provide financial protection for consumers in the unlikely event of a failure of a bank, credit union, building society or general insurer.

The FCS provides protection for depositors of banks, credit unions and building societies that are incorporated in Australia (also known as authorised deposit-taking institutions or ADIs), for deposits up to $250,000 per account holder per ADI. The scheme aims to return deposits to account holders within seven days of activation of the FCS.

The FCS can be activated by the Australian Government in the unlikely event that an ADI or general insurer fails.

Once activated, the FCS will be administered by APRA.

The objectives of the FCS are to:

  • protect depositors of ADIs, and claimants of general insurers, from potential loss in the unlikely event of the failure of these institutions;
  • provide depositors with prompt access to their deposits that are protected under the FCS; and
  • support the stability of the Australian financial system.

Further information about the Government Guarantee can be obtained from the APRA website at

We're here for you.

Sometimes you just need to reach out to find what's the best fit for you. No worries! We're here to support you with whatever you need.

Our opening hours

Our contact centre is open Monday-Friday 9am-5pm (AEDT)

Give us a call

Ways to bank

Looking for ways you can bank with the Illawarra Credit Union?

Ways to bank

Are you a First Home Buyer?

With as little as 5% deposit, eligible first home buyers have the opportunity to purchase a property through the First Home Guarantee (FHBG).

Find out more

Important notes

1.Earn bonus interest if you deposit at least $100 during the month and make no withdrawals within the calendar month. No bonus interest is paid in the month the account is closed. Illawarra Credit Union Limited is the product issuer of the deposit and payment products. Any advice given is of a general nature only and does not take into consideration your objectives, financial situation or needs. Please consider the appropriateness of the advice before acting. Refer to the Account and Access Facility Conditions of Use and the Fees and Charges for more details. Fees and charges are payable. Terms and conditions apply and are available on request. BPAY® registered to BPAY Pty Ltd ABN 69 079 137 518.

consider a transaction account

If you haven’t already, consider one of our great transaction accounts, which are designed to make banking easy.

Apply now.

Already a customer?

Apply in internet banking

New customer?

Apply online