Adelaide Bank
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Adelaide Bank savings and bank accounts

Adelaide Bank offers personal bank accounts, savings account and term deposit accounts to members in the SA community.

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Adelaide Bank deposit products

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Updated regularly
Name Maximum Variable Rate p.a. Standard Variable Rate p.a. Intro Period Government Guarantee Monthly Max Rate Conditions
Adelaide Bank MySaver Account
Maximum Variable Rate p.a.
1.35%
Standard Variable Rate p.a.
1.35%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
View details
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1 - 1 of 1
Updated regularly
Name Monthly fee Govt. Guarantee Own network ATM fee Card type
Adelaide Bank MyEveryday Account
Apple Pay Google Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
More Info
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1 - 1 of 1
Updated regularly
Name 3 Mths p.a. 4 Mths p.a. 5 Mths p.a. 6 Mths p.a. 7 Mths p.a. 12 Mths p.a. 24 Mths p.a.
Adelaide Bank Money Making Term Deposit Account
$5,000 min. deposit$5,000,000 max. deposit
3 Mths p.a.
2.80%
4 Mths p.a.
2.10%
5 Mths p.a.
2.20%
6 Mths p.a.
3.25%
7 Mths p.a.
2.50%
12 Mths p.a.
3.50%
24 Mths p.a.
3.85%
More Info
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1 - 8 of 8
Updated regularly
Name Maximum Variable Rate p.a. Standard Variable Rate p.a. Intro Period Government Guarantee Monthly Max Rate Conditions
Westpac Life (18-29 year olds only)
Maximum Variable Rate p.a.
5.20%
Standard Variable Rate p.a.
2.00%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow your balance
  • 5 debit card purchases
Go to siteView details
Bank of Queensland Simple Saver Account
Maximum Variable Rate p.a.
4.85%
Standard Variable Rate p.a.
4.85%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
Go to siteView details
ING Savings Maximiser
Finder Award
Maximum Variable Rate p.a.
5.50%
Standard Variable Rate p.a.
0.55%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $1,000
  • 5 transactions
  • Grow your balance
Go to siteView details
Bank of Queensland Smart Saver Account - 36+ years
Maximum Variable Rate p.a.
5.00%
Standard Variable Rate p.a.
0.05%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $1,000
  • 5 eligible purchases
Go to siteView details
Macquarie Savings Account
Maximum Variable Rate p.a.
5.50%
Standard Variable Rate p.a.
4.75%
Intro Period
4 months
Government Guarantee
Monthly Max Rate Conditions
  • N/A
Go to siteView details
Ubank High Interest Save Account
Maximum Variable Rate p.a.
5.10%
Standard Variable Rate p.a.
0.10%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $200
Go to siteView details
 Use code: FINDER20 and score $20 when you make 5 purchases in your first 30 days. Offer ends December 12, 2023. Ts&Cs apply
ME HomeME Savings Account
Maximum Variable Rate p.a.
5.55%
Standard Variable Rate p.a.
0.55%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $2000
  • Grow balance
Go to siteView details
Bendigo Bank Reward Saver
Maximum Variable Rate p.a.
5.25%
Standard Variable Rate p.a.
0.30%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow your balance
  • Requires Bendigo transaction account
Go to siteView details
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Quick facts about Adelaide Bank

  • Adelaide Bank was established in 1994 as an innovative community bank.
  • In 2007 it merged with Bendigo Bank, another community bank, to find more ways to benefit its customer shareholders around Australia.
  • Together Bendigo and Adelaide Bank form one of Australia's larger banks, giving Adelaide Bank the security of a high-investment security rating in addition to a government deposit guarantee.

Accounts offered by Adelaide Bank

These deposit accounts are available to Adelaide Bank home loan customers only.

MyEveryday Account

This is an everyday account designed to act as both an offset account for your Adelaide Bank home loan, and also an account for day-to-day purchases. It comes with a Visa Debit Card and at-call access to your money.

MySaver Account

This is similar to the everyday account, however your money earns a variable interest rate while it's in the account. Because it earns interest, you don't have everyday access to the money via a debit card. Instead, you can access your savings via online banking.

Money Making term deposit

This account allows you to earn a higher, fixed interest rate on your money by locking it away for a period of time of your choosing. You can choose term lengths as short as 1 month, or as long as 5 years. Generally the longer you lock your money away the better rate you'll earn.

What are the pros and cons of banking with Adelaide Bank?

The main downside of the Adelaide Bank accounts (different from Bendigo and Adelaide Bank accounts) is that they are exclusively for existing home loan customers only. The options are also limited to a single versatile account for each account type, rather than a wide range of different account options, often offered by other providers.

Pros

  • Simple account options
  • Accessible accounts with low minimum deposits
  • Local bank for the SA community, but backed by a larger bank

Cons

  • Only available to existing Adelaide Bank home loan customers
  • Only one account option for each type
  • Deposit rates are lower than what you can earn elsewhere

How do I apply for an Adelaide Bank account?

To open an account, get in contact with Adelaide Bank either over the phone or online. In order to apply, you will need to have a home loan with Adelaide Bank and will therefore generally also need to:

  • Be at least 18
  • Be a resident of Australia
  • Have secured residential address

If you haven't found what you're looking for yet, you can compare a wide range of additional savings accounts and bank accounts from other providers with Finder.

More guides on Finder

  • Adelaide Bank SmartFit Home Loan

    This variable rate home loan offered by Adelaide Bank enables borrowers to pay their loans off sooner. Given its competitive interest rate and a range of features, it definitely requires your attention.
  • Adelaide Bank SmartSaver Home Loan

    The Adelaide Bank SmartSaver is a basic home loan with a competitive rate and fees. Find out more and add it to your comparison today.

  • Adelaide Bank SmartFix Home Loan

    The Adelaide Bank SmartFix is a fixed rate home loan with the ability to make up to $20,000 in extra payments per year and a 100% offset account.

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