Should be no fees if you do the bpay online, rather than on the telephone.

Interest depnds on the accoutn. Its not just the amount/percentage thats important, its also when it is calculated, and when it is paid.

Say it says interest calculated monthly, paid quarterly.

You might have $5000 in your account, for the whole time, but the day before the interest is due you withdraw $4500. You will only earn interest on whats in there on the day, the $5oo.

They do the same thing for the next 2 months and then pay you the interest. Then it starts again.

If you want to grow savings by interest you are better off with a savings account or term deposit where you can put a smaller amount that you dont need to withdraw. Thst way your savings will increase.

The fee free transactions are worth it on that account though, just dont count on getting paid any decent amount of interest when you are using it as a transaction account.