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Open Your First Online Saver Account, Deposit $1,000, Make No Withdrawal for 2 Months, Get Bonus $100 @ Australian Military Bank

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Open Your First Online Saver Account, Deposit $1,000, Make No Withdrawal for 2 Months, Get Bonus $100 @ Australian Military Bank
Go to Deal
ciab on 08/05/2025 - 16:54 go.australianmilitarybank.com.au (3404 clicks)
Last edited 08/05/2025 - 17:51 by 1 other user

$100 Cash Bonus when you open your first Online Saver, deposit $1,000 and make no withdrawals for the first 2 months.

T&C's: Receive $100 cash bonus when you open your first new personal Online Saver account, deposit at least $1,000 and make no withdrawals for 2 months from the account open date. Limit of one $100 cash bonus for your first eligible Online Saver account, regardless of the number of accounts or account holders. Cash bonus will be paid into the eligible Online Saver accounts by 12 September 2025. Not available for existing personal Online Saver accounts, second or subsequent personal Online Saver accounts, or new or existing non-personal Online Saver accounts. Not available in conjunction with any other offer. We reserve the right to vary or withdraw this offer at any time.

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Australian Military Bank
Australian Military Bank

closed Comments

    • grimace3 on 08/05/2025 - 17:16
      +4

      It looks like anyone can sign up:

      https://www.australianmilitarybank.com.au/savings-account/on…

      "Key features of the Online Saver Account are:

      Open to Australian citizens and permanent residents from 11 years of age and non-personal "
      • Loopholio on 09/05/2025 - 10:08

        That text won't fit on my phone's screen and can't be scrolled, but I get the idea. Weird I've never heard of this bank.

      • a1234my on 09/05/2025 - 15:07

        Online banking need to be over18 says the app.

  • Bargaphile on 08/05/2025 - 17:11
    +2

    Never heard of this bank, anyone signed up for the offer yet?

    • LFO on 09/05/2025 - 11:38

      Not this offer but customer a long time ago.
      They used to offer the 2% cashback on purchases on their Debit Card.
      Circa 2007?????

  • yht on 08/05/2025 - 17:14

    will it be government guarantee ?

    • coxymla on 08/05/2025 - 17:31

      yes

      • Tleyx on 09/05/2025 - 13:33

        Which one is it

    • Clarky77 on 08/05/2025 - 17:26
      +1

      I’m pretty sure that’s for the normal bonus interest rates not for the bonus $100.

      • starionx on 08/05/2025 - 17:27

        Yep, which is why I unpublished it. ;)

  • Woolparty on 08/05/2025 - 17:24

    it's legal, founded in1959, I searched.

  • coxymla on 08/05/2025 - 17:32
    -5

    4.35% with no withdrawals allowed is not particularly good for a HISA.

    • dollaridoos on 08/05/2025 - 17:37
      +11

      I'd be keen to hear how since I also don't want to leave it there for 2 months 😂

      • star-ggg on 08/05/2025 - 17:42
        +12

        sell drugs

      • zubzub on 08/05/2025 - 19:57
        +2

        Pokies

        • Guybrush57 on 08/05/2025 - 19:59
          +1

          Was gonna say the same thing!

    • yht on 08/05/2025 - 17:51
      +5

      How man ? 5% interest per year only gave you $8 for 2 months

      • reachdigital on 08/05/2025 - 17:58
        +4

        Yeah computer not computing lol

      • bigpoppa on 08/05/2025 - 19:43
        +3

        cos it's 60% pa interest for the first 2 months

    • Aleigh123 on 08/05/2025 - 17:59
      +9

      So you can get an equivalent of 77% return per year?

    • McMaferMur on 08/05/2025 - 18:05
      +4

      Prove it or never happens
      @noelhoi

      • XXRydeR on 08/05/2025 - 18:08
        +1

        I second that, spill the beans @noelhoi

        • McMaferMur on 08/05/2025 - 18:11

          But not buying shres, casino, or crypto. We want guaranteed return over 5% a month

    • maxo84 on 08/05/2025 - 18:16
      +3

      Would love to know where you’re getting guaranteed +60% annual return…..

      • Lizard Spock on 08/05/2025 - 19:36
        +2

        means no quickie in and out

        Must be pimping judging by their language

        • McMaferMur on 09/05/2025 - 08:01

          Or some doggy masaage parlours

    • cook99 on 08/05/2025 - 18:41
      +6

      You'll pay tax on that other earnings vs this bonus which is not taxable.
      Hope your way more is grossed up

        • cook99 on 08/05/2025 - 21:16
          +2

          Sorry but there is ATO community forum posts asking this question and ATO official response confirms it is not.
          Also discussed and confirmed a dozen times in other Ozbargain threads.

        • payless69 on 09/05/2025 - 10:29
          -2

          who cares! Free is free and if u r under 18k or so u r wrong!

        • Lit Homie on 09/05/2025 - 14:20

          100 is gifted not taxable

        • b0b0 on 09/05/2025 - 18:47

          Not taxable

    • b0b0 on 08/05/2025 - 19:04
      +7

      How? I have $1,000,000 keen to make $100,000 in 2 months..

      • billy_bob on 09/05/2025 - 14:16

        Easy, just open 1000 accounts : P

    • frewer on 09/05/2025 - 06:58
      +3

      You can do 60%pa ? I want to know as well. How is your tax return bill?

    • Captain Yobbo on 09/05/2025 - 12:26
      +4

      Almost a day later we're all still waiting to hear how we can make "way more" with a similar level of risk (ie zero).

      • timhn on 09/05/2025 - 16:10
        +2

        He's too busy "making way more" than revisit OzB.

    • R0b on 10/05/2025 - 10:07

      Can not believe you were so heavily down voted for this. For anybody who wants high yield look into future grid bots or something like Yieldmax (there are also others I just used this company as one example) funds out of the US, with our tax treaty it's still very lucrative for some of their better options. If you know what you are doing. you could trade the options yourself but I would advise against that without heavy prior experience. There are plenty of high yielding investment opportunities out there you just need to know your risk strategy and know your short, medium & long term goals.

      EDIT but also to add a quick 200 bucks for literally just locking up 1k for 2 months is nothing to dismiss that is easy money no matter how you look at it for anybody.

  • McMaferMur on 08/05/2025 - 18:06
    +1

    10% for 2 month, 5% for 1 month. Not bad.

  • Bargaphile on 08/05/2025 - 18:09
    +2

    Can you sign up online via browser and not the app? Tried the app wouldn’t let me enter anything in the occupation fields. Man I hate signing up with apps on the phone.

  • leon99 on 08/05/2025 - 18:34
    +6

    Entered all the usual stuff in the app, immediately got “Unfortunately we're unable to identify you, call xxx to continue your application." upon submitting (even without a usual slight delay), then it jumped back to the first screen. Starting over - all the fields are blank again. Either scam or really bad system.

    • GJT on 08/05/2025 - 19:52

      same here

      • 21Miner on 08/05/2025 - 21:58

        Yep got the same result! I see some other people are having success with the app - I guess you gotta keep filling out the form until it works.

        • jrvb42 on 09/05/2025 - 05:51

          Hmm. Just wondering how much time is involved, because people's time to apply, etc. is valuable.
          If you stuff around for 4.5 hours for $100, you might as well be working for minimum wage for 4.5 hours and ignore this "offer" and "save" your time.

          • McMaferMur on 09/05/2025 - 08:00
            +3

            @jrvb42: But working may involve physical or thinking, this is just click click click

            • ozilicious on 09/05/2025 - 10:13
              +1

              @McMaferMur: You'll never work a day if you love what you do… Did you find it?

              • McMaferMur on 09/05/2025 - 16:01

                @ozilicious: nope i dont believe someone love their work. if yes, then how about will they keep working but without pay ? hey they love what they do right…

            • Loopholio on 09/05/2025 - 10:16
              -1

              @McMaferMur: ^This. We can snack while watching TV to get our free money.

              Not me though, this one looks kinda dodgy.

    • seanbaussie on 08/05/2025 - 22:33

      Same here but through the app.
      I've got this feeling they didn't anticipate the onslaught of applications. Hope it wasn't work experience boy that uploaded it, especially when someone arrives in the morning to 3,000 applications overnight.

    • Robotleviathan on 09/05/2025 - 10:14
      +1

      I had that issue but I disabled ad block filtering for the app (otherwise, turn it off completely) and it worked. Hope that helps!

    • Bargaphile on 09/05/2025 - 12:16

      Same here, what a waste of time.

  • pennypacker42069 on 08/05/2025 - 18:43
    +5

    “Receive $100 cash bonus when you open your first new personal Online Saver account, deposit at least $1,000 and make no withdrawals for 2 months from the account open date”

    The way that is written you can wait 59 days to make the $1000 deposit then withdraw the next day, but I have a feeling that is not their intention

    • Ryder08 on 08/05/2025 - 19:07

      That’s how I read it too

    • Tleyx on 09/05/2025 - 13:35

      Go to banking ombudsman if it doesn't pay?

  • dixy on 08/05/2025 - 18:59

    Is it easy to close the account after 2 months.

  • Fredfloresjr on 08/05/2025 - 19:07
    +10

    Buying a new submarine?

    • ilovefullprice on 08/05/2025 - 19:35
      -1

      Lol 😂

    • andresampras on 08/05/2025 - 21:05
      +2

      Crowdfunding, the latest secret weapon of the military

      • McMaferMur on 09/05/2025 - 08:06
        +1

        Soon they do tiktok and accept wechat payment

  • hardya on 08/05/2025 - 19:08

    They said for infantrymen only?

  • 0 0 0 on 08/05/2025 - 19:09

    Signed up and transferred in. Now need to remember to withdraw in two months

  • nowich on 08/05/2025 - 19:12
    +1

    Could I open it on 8th May 2025,
    and deposit $1000 on 7th July 2025,
    and withdraw it two months after the account opening day.

    • Ryk on 08/05/2025 - 19:23
      +1

      "Cash bonus will be paid into the eligible Online Saver accounts by 12 September 2025."

      • kehuehue on 08/05/2025 - 19:52
        +2

        welp thats far

    • HoLoFoNo on 09/05/2025 - 09:30

      "Offer ends 30 June 2025"

      • nowich on 09/05/2025 - 13:17

        Thanks, so deposit 1000 before the offer ends, maybe a day or two pending time.

  • Kirirai on 08/05/2025 - 19:24
    +7

    "Cash bonus will be paid into the eligible Online Saver accounts by 12 September 2025."

    Make sure to set a reminder to check the account once a month lol. Also note the $0.50 external transfer(including Osko) charge to other financial institutions for the Online Saver account.

    • yht on 08/05/2025 - 19:27
      +4

      What ??? 50c to transfer out ?

      • Kirirai on 08/05/2025 - 19:29
        +3

        It's listed on their Fees and Charges Schedule.

        • yht on 08/05/2025 - 20:18
          -1

          How to avoid the fee ? By direct debit purchase or tapping the debit card ?

          • pennypacker42069 on 08/05/2025 - 22:49
            +1

            @yht: You need to create a Military Rewards Account and link it to the Online Saver. You can only change your linked account over the phone so it’s probably easier to pay the fee if you have already linked an external account

    • Guybrush57 on 08/05/2025 - 20:09
      +6

      That makes the bonus only $99.50. Less if you continue to use the account. What a rubbish fee!

      • Pacify on 08/05/2025 - 20:57
        +5

        What sort of bank charges fees to osko? Weird as (profanity)

    • spaceflight on 08/05/2025 - 22:48
      +1

      Also note the $0.50 external transfer(including Osko) charge to other financial institutions for the Online Saver account.

      It's free if you use your linked account

      Free transfers available through a linked bank account

      • sween64 on 09/05/2025 - 07:48

        Can the linked bank account be an external account or does it have to be an AMB account?

    • a1234my on 09/05/2025 - 09:31

      Is $0.5 apply transfer to both transfer in and out?

      • Kirirai on 09/05/2025 - 19:30

        I'm guessing probably transfers out.

  • timhn on 08/05/2025 - 19:45
    -1

    Wondering if I can get the $100 if I open now, wait till day 59th and deposit $1000?

    • 0 0 0 on 08/05/2025 - 19:59

      $100 Cash Bonus^
      when you open your first Online Saver, deposit $1,000 and make no withdrawals for the first 2 months.

    • the hairy bear on 08/05/2025 - 20:37
      -2

      Wow, didn't think of that, almost put $1000 in on day 1!

      • yht on 09/05/2025 - 09:44

        Are you sure about that ? Does it look like we have to put $1000 first rather than waiting until 59th day ?

  • Hugh G Rection on 08/05/2025 - 20:13

    website getting ozbargained?

    • onon0402 on 08/05/2025 - 20:24
      +1

      Probably, got stuck at the Occupation details page

  • thekensai on 08/05/2025 - 20:24

    anyone successfully signed up?

    • ujwols on 08/05/2025 - 20:27

      yep, had no problem

    • GreenRomeo on 08/05/2025 - 20:39

      Well, most if not all the banks in Australia have their domains ending with .com.au. .gov.au is for government orgs only.

  • Poor Ass on 08/05/2025 - 20:43
    +4

    hehe all the branches are in restricted areas

  • DealzEddy123 on 08/05/2025 - 20:57

    Just signed up, impressed everything was done all online, account up and running with the deposit in my account in about 15 minutes (had some minor bugs/time-out with the app but in the end all OK)

  • citygal on 08/05/2025 - 22:43

    Do you need to open a transaction account as well? The website says you need to open one when you open a saving account via the app

    • ujwols on 08/05/2025 - 23:18

      no you dont need to

    • UrMumsOnlyFan on 08/05/2025 - 23:38
      +1

      Can link the online saver account to an external bank account.

      However, linking to an AMB transaction account avoids the $0.50 external transfer fee.

      • timhn on 09/05/2025 - 07:38

        I think you're on the spot how to avoid the fee. If you link this account to the transaction account to do an internal transfer, then from the transaction account withdraw to an external account, you won't get charge for fee?

        • simplerick on 09/05/2025 - 08:00

          Still believe there is a 50c fee to withdraw from the Everyday Access account to external account.

          No fee for transferring from the Military Rewards account, however that account has your spare change deducted to charity.

          https://www.australianmilitarybank.com.au/sites/default/file…

          https://www.australianmilitarybank.com.au/everyday-accounts/…

          Each month, Australian Military Bank will transfer your ‘spare change’ (i.e. the cents on your account balance up to 0.99c) to a Defence related charity selected by you. Australian Military Bank will then match, dollar-for-dollar, the money donated each month and contribute this directly to the specified charities.

          • McMaferMur on 09/05/2025 - 08:06
            +2

            @simplerick: Wow the bank name should be Australian Robin Hood Bank

            • timhn on 09/05/2025 - 09:54

              @McMaferMur: Happy to just withdraw $99 and leave the spare channge of $0.50 there (after $0.50 fee deducted).

          • UrMumsOnlyFan on 09/05/2025 - 09:51

            @simplerick:

            No fee for transferring from the Military Rewards account, however that account has your spare change deducted to charity.

            A monthly sweep doesn't pose any problem. Transfer money in from the saver account, transfer money straight away to an external account.

            Wouldn't want to use it as an actual transaction account, but I don't think many Ozbargainers taking advantage of this deal are remotely interested in that :)

            • simplerick on 09/05/2025 - 09:56

              @UrMumsOnlyFan: Yeah I realised shortly after posting that the transaction account would be empty for the most part anyway, so not really possible for funds to be swept anyway, haha

  • jasonxx12345 on 08/05/2025 - 23:27
    -1

    No AU passport and DL, can't join in via app, can do it in branch only?

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