Summerland Bonus Saver Summary
Description
A variable-rate savings account. Bonus interest depends on meeting the account’s monthly requirements.
Benefits
- No monthly savings-account fee.
- No upper balance cap in the reviewed ongoing pricing.
Hoops
- For bonus interest, deposit at least $100 each month. Check the full requirements below.
- Withdrawals can forfeit bonus interest.
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Details
Key details
| Product name | Summerland Bonus Saver |
|---|---|
| Maximum variable rate | 5.00% p.a. |
| Ongoing interest rate | 5.00% p.a. |
| Base interest rate | 0.25% p.a. |
| Minimum age | - |
Source: noren.com.au
All comparison details
| Base | 0.25% |
|---|---|
| Ongoing | 5.00% |
| Ongoing cap | No cap |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | - |
| Dep $/mth | $100 |
| Growth/mth | $0 |
| Buys/mth | 0 |
| Txns/mth | - |
| W/d/mth | 0 |
| Min age | - |
| 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: 0.25% p.a., before bonus interest.
- Ongoing: 5.00% p.a. when bonus conditions are met. No upper cap.
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Base rate component | 0.25% | Whole balance | All balances |
| Ongoing total, conditions met | 5.00% | Whole balance | All balances |
Source: noren.com.au
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Requirements
- Interest calculated daily and paid monthly. The rate schedule effective 29 October 2026 and account summary govern pricing, incomplete CDR rates are retained separately.
- Free monthly Simple Access package for customers joining from 7 July 2026. Existing customers may be on a different fee package, service and non-standard transaction fees can apply. No holding maximum is established.
- Deposit at least $100 during the calendar month and make no withdrawals to earn the bonus. Otherwise the published variable base applies. This is not a balance-growth requirement. The summary does not require a linked account or provide a debit card for this account.
- CDR contains conflicting zero-fallback wording and omits the base component. The published provider base of 0.25% and total of 5.00% govern this independently reviewed website row.
- 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 Summerland.
- Personal use only, subject to identity and provider account-opening checks. Business and community uses are excluded.
- Online account applications are temporarily unavailable during a provider upgrade. Contact Summerland or visit a Summerland branch to arrange opening. Regional Australia Bank and Summerland systems/branch services are not yet interchangeable.
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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 29 Oct 2026.