Summerland iSave Online Summary
Description
A variable-rate savings account. The reviewed ongoing rate has no monthly activity requirements. An introductory offer is available to eligible customers.
Benefits
- Introductory rate of 5.70% p.a. for 90 days for eligible customers.
- No monthly savings-account fee.
- No monthly activity requirements for the ongoing rate.
Hoops
- Applicants must be at least 12.
- Ongoing rate cap: $1,999.99. See the rate breakdown for higher balances.
- The introductory offer is temporary, lasting 90 days. The ongoing rate then applies.
On this page
Details
Key details
| Product name | Summerland iSave Online |
|---|---|
| Maximum variable rate | 5.70% p.a. (Introductory, first 90 days) |
| Ongoing interest rate | 0.75% p.a. |
| Base interest rate | 0.75% p.a. |
| Minimum age | 12 years |
Source: noren.com.au
All comparison details
| Base | 0.75% |
|---|---|
| Ongoing | 0.75% |
| Ongoing cap | $2K |
| Intro | 5.70% |
| Intro cap | No cap |
| Intro period | 90 days |
| Dep/mth | 0 |
| Dep $/mth | - |
| Growth/mth | $0 |
| Buys/mth | 0 |
| Txns/mth | - |
| W/d/mth | - |
| Min age | 12 |
| 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: 0.75% p.a..
- Introductory: 5.70% p.a. for 90 days for eligible customers. No upper cap.
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Standard variable | 0.75% | Whole balance | Up to $1,999.99 |
| Standard variable | 2.65% | Whole balance | $2k and over |
| Introductory total, first 90 days | 5.70% | 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.
- A linked account is required. Electronic transfers provide access, no direct debit card, ATM or over-the-counter withdrawals. Ordinary interest uses the whole balance: 0.75% below $2,000 and 2.65% from $2,000. No ongoing deposit, growth, purchase or withdrawal-count interest condition. Linked-account/service fees may apply.
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.
- The account summary permits customers operating their own account from age 12. Returning-customer promotional eligibility conflicts between the page and rate schedule: confirm with Summerland, only new-customer introductory eligibility is verified here.
Introductory eligibility
- Current offer for accounts opened on or after 7 October 2026, limited to one promotional account per customer. The rate schedule says new customers only, broader returning-customer website wording is not treated as confirmed eligibility.
- The promotional total lasts 90 days from opening, then the ordinary iSave balance tier applies. This is not the discontinued four-month 5.35% offer.
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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.