Looking to get a high interest rate savings account? Bendigo Bank’s Reward Saver account offers a bonus interest rate of 5.00% p.a. as long as you’ve got an eligible transaction account and grow your balance. If you’re a new customer, you can choose to apply online or you can visit a branch to open up an account.
The Bendigo Bank Reward Saver account comes with a number of handy features such as online e-banking from the Bendigo Bank app. This can let you do automatic transfers so you can keep growing your balance without raising a finger.
But automatic transfers aren’t just convenient. Since Bendigo Banks Reward Saver is a bonus rate savings account, you will have to fulfil some extra conditions to get the full bonus rate. This condition requires that you close the month with a higher balance than the previous one in addition to the interest paid by Bendigo Bank. You can also make withdrawals, but you need to make sure that you end with a higher balance and make at least one deposit a month.
If you can’t meet these conditions, you’ll revert to a lower base rate of only 0.30% p.a. And that isn’t the only reason you might get lower interest, because balances over $100,000 will receive this rate too.
If you’re a saver looking for a savings account with a high interest rate, then Bendigo Bank’s Reward Saver may be a good choice.
Base rate applies for balances over $100,000, so if you’ve got a large chunk of cash, this could be a deal breaker.
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Balances from $0: 0.30% p.a. |
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Balances from $0: 5.00% p.a. |
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Grow your balance (in addition to interest paid by Bendigo Bank) each month |
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$0.00 |
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n/a |
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Unlimited free transactions from phone and internet banking. |
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n/a |
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n/a |
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n/a |
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$0.00 |
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n/a |
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n/a |
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$0.00 |
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$0.00 |
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n/a |
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$1.00 |
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$0.00 |
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Monthly |
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no |
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n/a |
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no |
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no |
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no |
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no |
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no |
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yes |
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yes |
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yes |
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no |
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Branch access available for deposits only. |
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none |
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none |
^See information about the Mozo Expert Choice Awards
This bank is great, good customer service that always help if needed, easy to set up and good rewards aswell
Read full reviewThis bank is great, good customer service that always help if needed, easy to set up and good rewards aswell
Fantastic interest rate on a savings account that doesn't require your money to be locked away
Read full reviewFantastic interest rate on a savings account that doesn't require your money to be locked away
I have been a customer of Bendigo Bank for many years now and although a lot of changes have been made concerning rates, flexibility and rewards, the one constant has been the excellent customer service.
Read full reviewI have been a customer of Bendigo Bank for many years now and although a lot of changes have been made concerning rates, flexibility and rewards, the one constant has been the excellent customer service.
Moved away from the orange bank (B/W) after trying to get help re inheritance money etc the staff were not helpful and we felt like we were treated as second class people....walked across the road to inquire at bendigo and you would think we were royalty and they still continue with this treatment regardless of how stupid or medial the inquiry
Read full reviewMoved away from the orange bank (B/W) after trying to get help re inheritance money etc the staff were not helpful and we felt like we were treated as second class people....walked across the road to inquire at bendigo and you would think we were royalty and they still continue with this treatment regardless of how stupid or medial the inquiry
Bendigo bank are very trust worthy.I have been with them when they where called Hindmarsh bank .long time ago.They help you if you have an issue or a problem.Great bank.
Read full reviewBendigo bank are very trust worthy.I have been with them when they where called Hindmarsh bank .long time ago.They help you if you have an issue or a problem.Great bank.
Savings Account
5.35% p.a. (for $0 to $250,000)
4.75% p.a.(for $0 to $1,000,000)
Yes up to $250,000
High Interest Savings Account
5.75% p.a. (for $0 to $250,001)
4.40% p.a.(for $0 to $250,001)
Yes up to $250,000
Savings Maximiser
5.50% p.a. (for $0 to $100,000)
0.55% p.a.(for $0 and over)
Yes up to $250,000
Growth Saver Account
5.05% p.a. (for $0 and over)
0.35% p.a.(for $0 and over)
Yes up to $250,000
Savings Accelerator
3.55% p.a. (for $0 to $50,000)
2.85% p.a.(for $0 to $50,000)
Yes up to $250,000
Bonus Saver Account
5.00% p.a. (for $0 to $250,000)
0.05% p.a.(for $0 and over)
Yes up to $250,000
Life - 18-29 years old
5.20% p.a. (for $0 to $30,000)
2.00% p.a.(for $0 and over)
Yes up to $250,000
Savings Account
5.35% p.a. (for $0 to $250,000)
Yes up to $250,000
4.75% p.a.(for $0 to $1,000,000)
Savings Maximiser
5.50% p.a. (for $0 to $100,000)
Yes up to $250,000
0.55% p.a.(for $0 and over)
Growth Saver Account
5.05% p.a. (for $0 and over)
Yes up to $250,000
0.35% p.a.(for $0 and over)
Bonus Saver Account
5.00% p.a. (for $0 to $250,000)
Yes up to $250,000
0.05% p.a.(for $0 and over)
Savings Accelerator
3.55% p.a. (for $0 to $50,000)
Yes up to $250,000
2.85% p.a.(for $0 to $50,000)
High Interest Savings Account
5.75% p.a. (for $0 to $250,001)
Yes up to $250,000
4.40% p.a.(for $0 to $250,001)
Life - 18-29 years old
5.20% p.a. (for $0 to $30,000)
Yes up to $250,000
2.00% p.a.(for $0 and over)
Bonus Saver Account
0.05% p.a.(for $0 and over)
5.00% p.a. (for $0 to $250,000)
Yes up to $250,000
Kids Bonus Saver
0.05% p.a.(for $1 and over)
0.85% p.a. (for $5,556 and over)
Yes up to $250,000
Ziggy Kids Saver
0.01% p.a.(for $0 and over)
3.01% p.a. (for $0 and over)
Yes up to $250,000
Progress Saver
0.01% p.a.(for $0 and over)
4.25% p.a. (for $0 and over)
Yes up to $250,000
