Compare Geelong Bank savings accounts
A wide array of savings products with lower fees and higher rates can help you be on the right track to a secure financial future.
No reviews yet.
Write a review
Founded in Geelong in 1974, Geelong Bank originally served the financial needs of Ford Motor Company employees. Through a number of mergers they expanded over the next 15 years, and by 1990 had begun offering savings products to all Australians regardless of employment. Although locally based, customers from all over the country are able to bank with Geelong Bank using features such as internet and phone banking.
1 - 8 of 8
Compare other products
We currently don't have that product, but here are others to consider:
How we picked theseHow the Finder Score helps you find a better savings account
The Finder Score is a simple score out of 10. The higher a savings account's score, the better we think it is for the average customer.
We score each savings account in our database of hundreds based on a data-driven methodology with 2 main criteria: Does the account offer a high interest rate? And is it easy for savers to actually earn that rate?
1 - 2 of 2
Compare other products
We currently don't have that product, but here are others to consider:
How we picked these1 - 1 of 1
Compare other products
We currently don't have that product, but here are others to consider:
How we picked these1 - 11 of 180
Compare other products
We currently don't have that product, but here are others to consider:
How we picked theseHow the Finder Score helps you find a better savings account
The Finder Score is a simple score out of 10. The higher a savings account's score, the better we think it is for the average customer.
We score each savings account in our database of hundreds based on a data-driven methodology with 2 main criteria: Does the account offer a high interest rate? And is it easy for savers to actually earn that rate?
Awards that Geelong Bank has earned
- Money Magazine Best of the Best Winner – Best Savings Account Regular Deposits for a Non-Bank in 2015 for the Achieve Super Account
- Money Magazine Best of the Best Winner – Best DIY Super Savings Account for a Non-Bank in 2010, 2011 and 2015 for the Superfund Maximiser Account
Who is Geelong Bank?
Through a number of available services like online banking and ATMs, Geelong Bank provides their members with a wide variety of savings accounts that are designed to meet any need. Invest your pocket change to help make Christmas buying easier, or make start maximising your superfund in a high interest investment account. All of the advantages to big banking are here, making this an alternative worth taking a closer look at.
What is internet banking like for Geelong Bank?
Using the advanced VIP Online Security Token, Geelong Bank is able to provide account holders with an extra level of security when using their online service. This allows you to bank with confidence from anywhere, accessing your accounts and conducting transactions. The service has also been expanded onto an app, making it possible for you to do your banking from your mobile phone device.
To access the internet banking service you will need to apply online. Once your application is accepted you will be issued an access code that will allow you to register and begin taking advantage of the many features offered.
Notable features include:
- View and print you current account balances and transaction history
- Transfer money between your accounts
- Pay your bills using BPAY
- Make payments to individuals or businesses
- View your interest earned on savings accounts
- View interest charged on loan products
- Change your passwords
What about the mobile app?
Image Source: App Store| Login Page | Payments | Locate Us |
|---|---|---|
 |  |  |
What transaction accounts are offered by Geelong Bank?
- Total Access Account. With an available overdraft facility and convenient 24 hour access, you are able to make all of your transactions securely. This account includes a full range of payment options including BPAY and cheque book.
- Redi-Access Account. Arrange for direct credit of your salary and you will be able to easily access your money using a linked RediCARD at ATMs and EFTPOS. Internet banking is also available, allowing you to use the BPAY facility to pay your bills.
- At Call Passbook Account. For those who prefer branch banking this account provides you with a record of all of your deposit and withdrawal transactions. You are still able to take advantage of internet banking features such as BPAY by registering for the service.
What high interest savings accounts are offered by Geelong Bank?
- Online Saver Account. A competitive interest rate is earned on every dollar in your account yet your money is always available to you when you need through internet and phone banking.
- iSaver Account. An online savings account that pays you bonus interest on top of the base rate when you meet a monthly deposit requirement. Your funds are always available to you through internet and phone banking by making transfers to an elected account.
- Seniors Savers Account. Geelong Bank members over the age of 55, senior card holders or pensioners can all benefit from this interest earning account that allows you to access your money through a number of facilities including internet banking.
- Young Achiever Account. Designed for younger Australians, this savings account provides rewards and bonus interest rates for meeting certain goals. Kids pay no fees for banking which can be done at your local branch, online or over the phone.
- Superfund Maximiser Account. This is a specially designed savings account meant for DIY and self-managed super funds. You are guaranteed a return on your investment, yet are still able to move your money around at will using phone and internet banking.
- Early Bird Christmas Club Account. Get a head start on your holiday spending with a savings account that limits your access from January up until November. Interest is earned on the daily balance and will be paid into the account at the end of the term.
What term deposits are offered by Geelong Bank?
- Regular Income Investment Accounts. Set up at fixed term for a fixed rate of interest, you can opt to have interest paid to a separate account each month. The minimum deposit is $5,000 and terms range from three months to one year.
- Term Deposits. With an investment of $500 locked in at a fixed term, you will earn a higher fixed rate of interest. Terms are between three months and one year, and the interest will be paid to you when the account reaches maturity.
What are the pros and cons of banking with Geelong Bank?
Pros
Cons
How do I apply for a Geelong Bank account?
You have the option of downloading an application and mailing it into a branch, or filling out the application online. Membership is an eligibility requirement, as is being a resident of Australia with a residential address, and in some cases you will also need to meet an age requirement. Have with you identifying information found on your passport or driver’s licence. If you do not wish to have withholding tax deducted from interest earnings, you should also have your tax file number (TFN) or exemption code as well. Once your application has been submitted you will be given a special reference code, and Geelong Bank will make every effort to let you know the status of your application within 48 hours.
Compare other products from Geelong Bank
More resources on Finder
Ask a question
More guides on Finder
-
Australian debit card statistics
Explore how the typical Australian uses their debit card in our detailed guide to debit card statistics.
-
Australian banks with Google Pay
Westpac, NAB, CommBank and ANZ plus many more Australian banks offer Google Pay. See the full list of supported banks in this guide.
-
Banks with Apple Pay in Australia
Check if your bank offers Apple Pay in Australia and learn how to set up and use the digital wallet for contactless payments.
-
Banks with PayID and Osko payments
Does your bank offer real-time payments using Osko and PayID? Find out below.
-
How do I get a virtual debit card?
What are virtual debit cards, how do they work and what benefits do they offer? Find out here.
-
Bank accounts with no ATM fees
Find out which bank accounts let you withdraw from ATMs for free.
-
Compare bank accounts with no fees
Don’t pay unnecessary bank fees, compare financial institutions and learn about the pros and cons of a fee-free bank account.
-
Travel debit cards to use overseas
A travel debit card is just a regular Australian debit card with less international fees an charges, making it a great option to use overseas. See a range of debit cards suited for travel in this guide.
-
Best bank accounts in Australia
The best bank account will help you manage your everyday spending with low fees and easy access to your money. Check out our Top Picks curated by experts.
-
Compare joint bank accounts
Opening a joint bank account is a big step for any couple. Find out more about what to look for in an account and how to avoid the common pitfalls.