Geelong Bank Senior Savers
No conditions on the rate
Account for members who are over 55 or recipients of an eligible pension.
- Base rate up to
- 1.90%
- Introductory rate
- None
- Maximum balance
- None published
Rate a year, up to
Rates by balance
| Balance | Base rate |
|---|---|
| $0 to $10,000 | 1.55% |
| $10,000 to $49,201 | 1.65% |
| $49,201 to $250,000 | 1.70% |
| $250,000 and over | 1.90% |
Who can open it
- Age to open
- Any
- Maximum balance
- None published
How it compares
Against the other savings accounts we compare. Typical means the middle half of them.
Most it pays
1.90%
At its best balance, with any bonus. Typical is 3.60%.
Base rate
1.90%
What it pays without a bonus. Typical is 2.40%.
Pros and cons
Pros
- No conditions. You earn the same rate every month, with no deposits to make or withdrawals to avoid.
Cons
- A lower rate. Up to 1.90%, below the typical 3.60%, so your savings grow more slowly than in many other accounts.
Similar savings accounts
Savings accounts from other banks that pay a similar rate at their best.
- Most it pays
- 1.95%
- Bonus conditions
- None
- Most it pays
- 1.95%
- Bonus conditions
- None
- Most it pays
- 1.80%
- Bonus conditions
- Yes
