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
Geelong Bank

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.

Name Maximum Variable Rate p.a. Base interest rate Intro/Ongoing Government Guarantee Monthly Max Rate Conditions
Geelong Bank Early Bird Christmas Club Account
Geelong Bank logo
Maximum Variable Rate p.a.
2.20%
Standard Variable Rate p.a.
2.20%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
Geelong Bank Affinity Saver Account
Geelong Bank logo
Maximum Variable Rate p.a.
4.35%
Standard Variable Rate p.a.
0.00%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Restricted to eligible customers
  • Salary must be deposited
  • Interest applies on balances $2,000 to $100,000
Geelong Bank Young Achiever Savings Account
Geelong Bank logo
Maximum Variable Rate p.a.
3.10%
Standard Variable Rate p.a.
1.30%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Make a deposit
  • No withdrawals
Geelong Bank Achieve Saver Account
Geelong Bank logo
Maximum Variable Rate p.a.
2.71%
Standard Variable Rate p.a.
1.31%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit minimum $50 per month
  • No more than one withdrawal per month
  • Balances $5,000 to $250,000
Geelong Bank Online Saver Account
Geelong Bank logo
Maximum Variable Rate p.a.
1.50%
Standard Variable Rate p.a.
1.50%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
Geelong Bank iSaver Account
Geelong Bank logo
Maximum Variable Rate p.a.
2.71%
Standard Variable Rate p.a.
1.35%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $200+ per month
Geelong Bank Superfund Maximiser Account
Geelong Bank logo
Maximum Variable Rate p.a.
4.20%
Standard Variable Rate p.a.
4.20%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
Geelong Bank Senior Savers Account
Geelong Bank logo
Maximum Variable Rate p.a.
1.65%
Standard Variable Rate p.a.
1.65%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Balances $250,000 and up
loading
Showing 8 of 8 results

Name Monthly fee Govt. Guarantee Own network ATM fee Card type
Geelong Bank Total Access Account
Geelong Bank logo
Apple Pay Google Pay
Monthly fee
$5
Government Guarantee
Own network ATM fee
$0
Card type
Visa
Geelong Bank Redi-Access Account
Geelong Bank logo
Apple Pay Google Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
loading
Showing 2 of 2 results

Name 3 Mths p.a. 4 Mths p.a. 5 Mths p.a. 6 Mths p.a. 7 Mths p.a. 11 Mths p.a. 12 Mths p.a. 24 Mths p.a.
Geelong Bank Fixed Term Deposit Investment Accounts
Geelong Bank logo
$500 min. deposit$4,999 max. deposit
3 Mths p.a.
3.00%
4 Mths p.a.
3.00%
5 Mths p.a.
3.00%
6 Mths p.a.
3.50%
7 Mths p.a.
-
11 Mths p.a.
-
12 Mths p.a.
4.00%
24 Mths p.a.
-
loading
Showing 1 of 1 results

1 - 12 of 185
Name Maximum Variable Rate p.a. Base interest rate Intro/Ongoing Government Guarantee Monthly Max Rate Conditions
ING Savings Accelerator ($150,000 - $500,000)
ING logo
Maximum Variable Rate p.a.
5.40%
Standard Variable Rate p.a.
4.70%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Welcome rate applies up to $500K
Go to siteView details
Ideal for higher balances, savers can earn up to 5.4% for the first 4 months and up to 4.7% thereafter. There are no conditions and $0 account-keeping fees.
Rabobank High Interest Savings Account
Rabobank logo
Maximum Variable Rate p.a.
5.60%
Standard Variable Rate p.a.
4.35%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Balances up to $250,000
Go to siteView details
Ubank High Interest Save Account
Ubank logo
Maximum Variable Rate p.a.
5.50%
Standard Variable Rate p.a.
0.00%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $500
  • Savings up to $100,000
Go to siteView details
ING Savings Accelerator ($150,000 - $500,000)
ING logo
Maximum Variable Rate p.a.
5.40%
Standard Variable Rate p.a.
4.70%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Welcome rate applies up to $500K
Go to siteView details
Macquarie Savings Account
Macquarie Bank logo
Maximum Variable Rate p.a.
5.35%
Standard Variable Rate p.a.
5.00%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Balances up to $250,000
Go to siteView details
Suncorp Bank Growth Saver Account
Suncorp Bank logo
Maximum Variable Rate p.a.
5.05%
Standard Variable Rate p.a.
0.35%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow balance by $200 each month (excl. interest)
  • Only 1 withdrawal
  • No balance limit on earning interest
Go to siteView details
Bank of Queensland Simple Saver Account
BOQ logo
Maximum Variable Rate p.a.
4.85%
Standard Variable Rate p.a.
4.85%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Balances up to $5,000,000
Go to siteView details
Newcastle Permanent Smart Saver Account
Newcastle Permanent logo
Maximum Variable Rate p.a.
4.50%
Standard Variable Rate p.a.
0.05%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow balance
  • No more than 2 withdrawals
Go to siteView details
ING Savings Maximiser
ING logo
Maximum Variable Rate p.a.
5.50%
Standard Variable Rate p.a.
0.55%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $1,000
  • 5 transactions
  • Grow your balance
  • Balances up to $100,000
Go to siteView details
IMB Reward Saver Account
IMB logo
Maximum Variable Rate p.a.
5.25%
Standard Variable Rate p.a.
0.00%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $50
  • No withdrawals
  • Balances up to $1,000,000
Go to siteView details
Earn up to 3.25% p.a. after the introductory period ends.
Bankwest Easy Saver
Bankwest logo
Maximum Variable Rate p.a.
5.35%
Standard Variable Rate p.a.
4.00%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Balances up to $250,000.99
Go to siteView details
Rabobank PremiumSaver
Rabobank logo
Maximum Variable Rate p.a.
5.35%
Standard Variable Rate p.a.
1.45%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow your balance by $200+ each month
  • Balances up to $250,000
Go to siteView details
loading
Showing 12 of 13 results

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 PagePaymentsLocate Us
Back to top

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 18, 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.
Back to top

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

Pros

  • Accessibility. Geelong Bank offers account holders multiple access methods to suit your preference.
  • Term deposit. The low minimum balance requirement makes it easier for anyone to take advantage of the higher interest rate.
  • Security. With advanced security features a part of the internet banking system you don’t need to worry about your accounts being compromised.
  • Variety. Geelong Bank has a number of different account types to meet varying needs.

Cons

  • Membership. Geelong Bank is a member owned bank, making it necessary to apply for membership first before accessing any of their accounts.
  • Fees. You will be charged fees for access of certain accounts and features.

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

Shirley Liu's headshot
Written by

Publisher

Shirley Liu is Finder's global program manager. She was previously the publisher for banking and investments and has also written comparisons for energy, money transfers, Uber Eats and many other topics. Shirley has a Master of Commerce and a Bachelor of Media, Journalism and Communications from the University of New South Wales. She is passionate about helping people find the best deal for their needs. See full bio

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.

  • What to do if your bank account is locked

    If your bank account has been locked, here’s what you need to do to access your funds.

  • 100 points of ID to open a bank account

    You can meet the 100 points of ID requirement when opening a bank account by showing your passport, birth certificate or driver's license. If you don't have these, there are a few other things you can use as ID.

  • 9 reasons your debit card may have declined

    Debit card declined? Here are 9 of the most common reasons for your debit card declining and how to fix it.

  • 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.

  • New bank account sign up bonuses & offers

    Now is the best time to start looking at the new bank account offers and promotions available. There is fierce competition between banks for your business so you should take advantage of this opportunity and get yourself a deal.

  • Debit cards with no foreign transaction fees

    International transaction fees can add up to a lot of wasted money. These debit cards are great for travelling and online shopping and will save you money by waiving this annoying fee.

  • Cardless cash: Which banks offer it?

    Want to withdraw cash without your card? Learn what cardless cash options are offered with NAB, ANZ, Westpac and CBA.

  • 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 debit cards

    When used wisely, a debit card provides you with great flexibility when it comes to handling your everyday financial needs.

Ask a question

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms Of Service and Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Go to site