Bendigo Bank Reward Saver

- Maximum variable rate
- 5.25% p.a.
- Base interest rate
- 0.3%p.a.
Our verdict
This is a low-fee savings account that lets you earn a competitive interest rate if you grow your balance and deposit more than you withdraw each month.
With the Bendigo Bank Reward Saver account you can earn a fairly high bonus interest rate of up to 5.25% if you make at least one deposit a month, withdraw less than you save and end the month with a higher balance than when you started.
You'll also need to have a Bendigo Bank transaction account to open a Reward Saver account. You can earn the total bonus rate on balances of up to $100,000.
If you think you can meet these conditions then the Reward Saver is worth considering.
Pros
-
Competitive interest rate
-
No age restrictions
-
No monthly service fee
Cons
-
Somewhat complicated conditions to get the bonus interest
Details
Key details
Product Name | Bendigo Bank Reward Saver |
Maximum Variable Rate | 5.25% p.a. |
Standard Variable Rate | 0.30% p.a. |
Monthly Account Fee | $0 |
Minimum Opening Deposit | $1 |
Minimum Age | 12 |
How to apply
Eligibility
You are eligible for the Bendigo Bank Reward Saver account if:
- You are 12 years of age or older.
- You are an Australian citizen or resident.
- You have (or are planning to open) a Bendigo Bank transaction account.
Documents you'll need
- Identification. This can be a driver's licence, passport or Medicare card.
- Your address. You'll need to provide your residential address.
- Tax file number (TFN). You'll need your tax information
Your reviews

Richard Finder
Editor
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