Hume Bank Reward Saver
Bonus rate
Long Term savings account with bonus for each month you deposit $10 without any withdrawals
- Base rate up to
- 0.01%
- Introductory rate
- None
- Maximum balance
- None published
Rate with bonus, up to
Rates by balance
| Balance | Base rate | Bonus | Total |
|---|---|---|---|
| Any balance | 0.01% | +5.29% | 5.30% |
Who can open it
- Age to open
- 12 and over
- Maximum balance
- None published
Who it's for
- Minimum age 14 for new to bank customers applying online.
How it compares
Against the other savings accounts we compare. Typical means the middle half of them.
Most it pays
5.30%
At its best balance, with any bonus. Typical is 3.65%.
Base rate
0.01%
What it pays without a bonus. Typical is 2.40%.
Pros and cons
Pros
- A higher rate. Up to 5.30%, above the typical 3.65%. On $10,000 that's about $530 a year.
- No conditions. You earn the same rate every month, with no deposits to make or withdrawals to avoid.
Cons
- A low base rate. Only 0.01% in any month you miss the bonus conditions.
Similar savings accounts
Savings accounts from other banks that pay a similar rate at their best.
- Most it pays
- 5.30%
- Bonus conditions
- None
- Most it pays
- 5.30%
- Bonus conditions
- Yes
- Most it pays
- 5.30%
- Bonus conditions
- None
