Summerland Bank
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Summerland Bank is a banking brand of Regional Australia Bank Ltd, following their merger on 1 July 2026. It serves personal and business customers through Summerland branches, online banking, a mobile app and customer support. Its products include transaction and savings accounts, term deposits and lending. Summerland continues to use its own branding and banking channels. The two brands’ systems are not yet connected, so customers should confirm which branch and support services they can use. Summerland deposits share the legal issuer and applicable Financial Claims Scheme limit with other Regional Australia Bank brands.
| Legal name | Regional Australia Bank Ltd |
|---|---|
| ABN | 21087650360 |
| Deposit issuer | Regional Australia Bank Ltd [1] |
| Deposit protection | Eligible AUD deposits are covered up to $250,000 per account holder across this issuer, including its other brands. [4] |
| Same issuer brands | Regional AustEligible deposits across these brands share the issuer’s FCS limit. |
| Banking identity | A personal and business banking brand of Regional Australia Bank Ltd following the 1 July 2026 merger, not a separate deposit issuer. [2] |
| Banking access | Summerland branches, online and mobile banking and customer support. The brands’ systems are not connected yet: Summerland customers cannot currently use Regional Australia Bank branches for their Summerland banking. [2] |
| Deposit protection | Regional Australia Bank Ltd issues Summerland products. Protected deposits are aggregated across the issuer’s brands for the Financial Claims Scheme limit, separate brand names do not create separate limits. [1] |
Savings rates
Compare allRates p.a. at a balance of $699.
| Bonus Saver | Visit | 0.25% | 5.00%Ongoing cap: No cap | No cap | - | - | - | - | $100 | $0 | 0 | - | 0 | - | - | $0 | - |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| iSave Online | Visit | 0.75% | 0.75%Ongoing cap: $2K | $2K | 5.70%90 days | No cap | 90 days | 0 | - | $0 | 0 | - | - | 12 | - | $0 | - |
| Money Sense | Visit | 2.75% | 2.75%Ongoing cap: $2K | $2K | - | - | - | 0 | - | $0 | 0 | - | - | 12 | 17 | $0 | - |
| Supersaver | Visit | 2.75% | 2.75%Ongoing cap: $2K | $2K | - | - | - | 0 | - | $0 | 0 | - | - | - | 17 | $0 | - |
Source: noren.com.au
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Savings products
Bonus Saver
A variable-rate savings account. Bonus interest depends on meeting the account’s monthly requirements.
iSave Online
A variable-rate savings account. The reviewed ongoing rate has no monthly activity requirements. An introductory offer is available to eligible customers.
Money Sense
A variable-rate savings account. The reviewed ongoing rate has no monthly activity requirements.
Supersaver
A variable-rate savings account. The reviewed ongoing rate has no monthly activity requirements.
Useful links
Similar institutions
Sources and review
- Savings accounts (summerland.com.au)
- Merger and banking arrangements (summerland.com.au)
- Accounts and access summary (summerland.com.au)
- APRA FCS institution list (apra.gov.au)
Summerland Bank data reviewed . Next profile review due .