Summerland ISave Online
No conditions on the rateIntroductory rate
Summerland's electronic-only account with high interest. For those aged 12 years and over who operate their own accounts; or business or community groups. Must have a linked transaction account.
- Base rate up to
- 0.50%
- Introductory rate
- 5.95% for 3 months
- Maximum balance
- None published
Rate a year, up to
Rates by balance
| Balance | Base rate |
|---|---|
| $0 to $2,000 | 0.50% |
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
0.50%
At its best balance, with any bonus. Typical is 3.65%.
Base rate
0.50%
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 0.50%, below the typical 3.65%, so your savings grow more slowly than in many other accounts.
- An intro rate. Part of the rate lasts 3 months, then drops, so check again when it ends.
Similar savings accounts
Savings accounts from other banks that pay a similar rate at their best.
- Most it pays
- 0.05%
- Bonus conditions
- None
- Most it pays
- 0.05%
- Bonus conditions
- None
- Most it pays
- 1.00%
- Bonus conditions
- None
