Geelong Achieve Saver Summary
Description
This account is ideal for the short term investor and includes bonus interest
Benefits
- No monthly savings-account fee.
Hoops
- Applicants must be at least 18.
- For bonus interest, deposit at least $50 each month. Check the full requirements below.
- No more than 1 withdrawal each month to retain bonus interest.
- Ongoing rate cap: $5,000. See the rate breakdown for higher balances.
On this page
Details
Key details
| Product name | Geelong Achieve Saver |
|---|---|
| Maximum variable rate | 1.61% p.a. |
| Ongoing interest rate | 1.61% p.a. |
| Base interest rate | 0.01% p.a. |
| Minimum age | 18 years |
Source: noren.com.au
All comparison details
| Base | 0.01% |
|---|---|
| Ongoing | 1.61% |
| Ongoing cap | $5K |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | - |
| Dep $/mth | $50 |
| Growth/mth | $0 |
| Buys/mth | 0 |
| Txns/mth | - |
| W/d/mth | 1 |
| Min age | 18 |
| Max age | - |
| Fee/mth | $0 |
Source: noren.com.au
Rates & features
Interest rates
Variable rates % p.a. at $699, assuming applicable bonus conditions are met.
- Base: 0.01% p.a., before bonus interest.
- Ongoing: 1.61% p.a. when bonus conditions are met. Up to $5k.
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Base rate component | 0.01% | This band only | First $5k |
| Base rate component | 1.35% | This band only | Over $5k |
| Ongoing total, conditions met | 1.61% | This band only | First $5k |
| Ongoing total, conditions met | 2.95% | This band only | Over $5k to $250k |
| Ongoing total, conditions met | 1.35% | This band only | Over $250k |
Source: noren.com.au
Share/Export
This band only: the rate applies to the money within the listed balance range. Other portions earn their own rates.
Requirements
- No regular monthly account service fee or advertised introductory offer. Other event/service charges apply, including a $20 annual inactive-account/dormancy fee, see the current fee schedule.
- Interest calculated daily. Whole-dollar tier headings use the acquired .99 cent ceilings and adjacent whole-dollar minimums, numeric rates and raw qualification text remain in the original source signature.
- Deposit at least $50 in the calendar month, one withdrawal via cash or debit transfer is permitted. Current TMD and dated rate schedule correct generic source wording that prohibits all withdrawals. No extra credit-balance-at-all-times, growth or purchase bonus requirement is imposed from stale source prose.
- Base rates apply to balance portions, with a lower rate on the first $5,000 and a higher base above it. Bonus applies to the first $250,000 portion, excess earns base. The provider headline 2.96% does not equal its stated components, pricing uses the corroborated components and selected balance, not that headline. Interest paid monthly.
- Qualification timing: Requirements are assessed in the current month. Check the settlement deadlines and exclusions in the requirements.
Fees
- Monthly account fee: $0
Showing reviewed fees only, other charges may apply
How to apply
Check these eligibility requirements before applying with Geelong.
- Personal Australian residents/citizens or permanent residents, subject to membership, identification and account-opening checks. Geelong is a separate brand/source under Hume Bank Ltd, ABN 85 051 868 556.
More from Geelong
Similar products
Sources & review
Noren aggregates information from multiple primary sources to ensure you're getting the most up-to-date, accurate information. All product information is peer reviewed.
Collected on 31 Oct 2026. Pricing verified on 28 Oct 2026.