Community Sector Banking

Compare Community Sector Banking Savings Accounts

Find the right savings or transaction account for your not-for-profit organisation with Community Sector Banking.

Community Sector Banking specialises in offering a wide range of banking products and services to not-for-profit organisations. Formed in 2002 as a 50/50 joint venture between Bendigo Bank and the Community 21 consortium of not-for-profit organisations, Community Sector Banking provides transaction accounts, savings accounts and loan accounts to more than 10,000 not-for-profit customers around Australia.

Who is Community Sector Banking?

Community Sector Banking has been helping to look after the banking needs of Australia’s not-for-profit sector for more than 14 years. Each of its products is designed with the needs of not-for-profit organisations in mind, and it offers a wide range of bank accounts, business cards and loan options to its customers. It also provides a number of staff packages to help not-for-profits pay their staff and administer salary packaging.

Accounts with Community Sector Banking can be managed via Internet, phone and mobile banking and, thanks to its alliance with Bendigo Bank, you can also do your banking over the counter at any Bendigo Bank branch.

Rates last updated February 19th, 2019
Name Product Maximum Variable Rate p.a. Standard Variable Rate p.a. Bonus Interest p.a. Fees Min Bal / Min Deposit Interest Earned Product Description
RaboDirect High Interest Savings Account
$0 / $0
Maximum variable rate of 3.05% p.a. for 4 months, reverting to a rate of 1.80% p.a. No deposit or withdrawal conditions. Available on balances below $250,000
HSBC Serious Saver
$0 / $0
Receive a maximum variable rate of 3.10% p.a. for 4 months, reverting to an ongoing rate of 1.40% p.a. for each month you don't make any withdrawals from the account. Available on balances below $1,000,000.
Bankwest Hero Saver
$0 / $0
Ongoing, variable 2.60% p.a. rate when you deposit at least $200 each month and make no withdrawals. Available on balances up to $250,000.
UBank USaver
$0 / $0
Earn up to 2.87% p.a. by linking your USaver account to a UBank Ultra transaction account and transferring at least $200 per month into either account. This offer is available on balances up to $200,000.
AMP Saver Account
$0 / $0
Introductory rate of 2.55% p.a. for 4 months, reverting to a rate of 2.10% p.a. Available on balances below $5,000,000.
Citibank Online Saver
$0 / $0
Introductory rate of 3.05% p.a. for 4 months, reverting to a rate of 1.70% p.a. Available on balances below $500,000.
AMP SuperEdge Saver Account
$0 / $0
Earn an ongoing, variable 2.05% p.a. when you link your AMP SuperEdge Saver Account to an AMP SuperEdge Cash Account or transaction account for your SMSF at another bank. Available on the entire balance.
HSBC Flexi Saver Account
$0 / $0
Ongoing, variable 2.50% p.a. when you grow your balance by $300+ per month. Earn bonus interest even if you make withdrawals during the month. Available on balances up to $5,000,000.
AMP Bett3r Account
$0 / $0
With AMP's bundled Bett3r account, get three linked Pay, Spend and Save accounts. Earn a competitive, ongoing rate of up to 2.25% on your Save account balance when you deposit $2,000 into the Pay account each month from a source that is not another AMP Bank account.

Please note: The 2.25% maximum variable rate is earned only on your Save account balance. To calculate interest earned, enter your initial and monthly deposit amounts for the Save account only, not including any money that’ll be in your Spend or Pay account.

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What is Internet banking like for Community Sector Banking?

Community Sector Banking’s Internet banking service is accessed through Bendigo Bank’s e-Banking service. The electronic banking service gives you 24/7 access to your accounts using Bendigo Bank’s simple One Touch Security Token. This allows you to manage your finances whenever and wherever is convenient, while you can also access mobile banking services at any time through the Bendigo Bank app.

Notable features include:

  • Easy access to your accounts 24/7
  • Transfer funds to accounts in Australia and around the world
  • Pay your creditors
  • Obtain account statements
  • Order a cheque book online

What transaction accounts are offered by Community Sector Banking?

Cash Management Trading Account

This everyday account is designed to help you get more out of your money. It combines competitive, tiered interest rates with the ability to access transaction-fee rebates, and also includes a bulk-payments facility and an overdraft facility. Access is via Internet and phone banking, cash card, debit card and cheque book facility.

What high interest savings accounts are offered by Community Sector Banking?

Social Investment Deposit Account

This simple deposit account combines a competitive interest rate with easy access to your funds. However, it also allows you to donate 0%, 50% or 100% of the interest you earn to not-for-profit programs and projects run by community organisations.

Gift Fund Account

The Gift Fund Account is designed for community organisations that have Deductible Gift Recipient (DGR) status. It’s designed to make it easier to accept and manage financial gifts while complying with all ATO requirements, while tiered interest rates mean higher returns on higher balances.

What term deposits are offered by Community Sector Banking?

If you’re looking for the safety and security of a term deposit, Community Sector Banking offers terms ranging from 1 to 60 months. The minimum investment amount is $1,000, with rates varying depending on the amount you deposit and the term you select. You also have the flexibility to add additional payments at maturity without incurring any fees.

What are the pros and cons of banking with Community Sector Banking?


  • Designed for not-for-profits. Community Sector Banking specialises in offering banking products and services for Australia’s not-for-profit organisations.
  • Backed by Bendigo Bank. As Community Sector Banking is 50% owned by Bendigo Banking, Community Sector Banking customers can enjoy access to Bendigo Bank’s branch network and Internet and mobile-banking services.
  • Account options. Whether you’re looking for a transaction account, investment account or accounts for staff members, Community Sector Banking has a range of products to suit.


  • Not-for-profits only. As the bank specialises in the not-for-profit sector, it may not have the type of accounts or services you are looking for.

How do I apply for a Community Sector Banking account?

If you’d like to apply for an account with Community Sector Banking, click one of the “Apply now” links to be taken to the Community Sector Banking website. You can then download the relevant application form for the account you’d like to open and post the completed form back to the bank. You will need to provide your name and contact information, details of your organisation and proof of ID.

If you run a not-for-profit organisation and you’re searching for a savings or transaction account, Community Sector Banking is definitely worth a closer look. Compare its products with accounts available from other banks to find the best money-management options for your organisation.

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