Geelong iSaver Summary
Description
Online account only that can earn bonus interest.
Benefits
- No monthly savings-account fee.
Hoops
- Applicants must be at least 18.
- For bonus interest, deposit at least $200 each month. Check the full requirements below.
- Ongoing rate cap: $250,000. See the rate breakdown for higher balances.
On this page
Details
Key details
| Product name | Geelong iSaver |
|---|---|
| Maximum variable rate | 2.96% p.a. |
| Ongoing interest rate | 2.96% p.a. |
| Base interest rate | 1.30% p.a. |
| Minimum age | 18 years |
Source: noren.com.au
All comparison details
| Base | 1.30% |
|---|---|
| Ongoing | 2.96% |
| Ongoing cap | $250K |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | - |
| Dep $/mth | $200 |
| Growth/mth | $0 |
| Buys/mth | 0 |
| Txns/mth | - |
| W/d/mth | - |
| 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: 1.30% p.a., before bonus interest.
- Ongoing: 2.96% p.a. when bonus conditions are met. Up to $250k.
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Base rate component | 1.30% | This band only | All balances |
| Ongoing total, conditions met | 2.96% | This band only | First $250k |
| Ongoing total, conditions met | 1.30% | 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 $200 in the calendar month. Withdrawals do not themselves forfeit the bonus under the current TMD and specific product conditions, no separate growth or purchase requirement. Bonus applies to the first $250,000 portion, excess earns base.
- Online-only iSaver requires a Geelong at-call transaction account at opening and registered internet banking. Multiple-signature internet access is unavailable. Withdraw via transfers, a staff-assisted opening deposit is allowed. Generic no-withdrawal CDR feature text is stale and is not imposed as a bonus condition.
- The source repeats the deposit requirement on VARIABLE base rows. Current provider base/bonus tables establish an independently payable base and apply the deposit qualification to the bonus. 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.
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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.