Deposit Account Interest Rates

Christmas Club Account (S2)

Balance Interest Rate (p.a.)
$1 or more 0.50%

Interest calculated daily and paid annually. Christmas Club funds are available 1st November to 31 January each year.

 

YAS Young Achiever Savings Account (S50)

Balance Interest Rate (p.a.)
$1 or more 0.50%
Bonus 1.00%*
Earn up to 1.50%*

Interest calculated daily and paid monthly.

* Make a deposit and no withdrawals per calendar month to qualify for Bonus.

 

Achieve Saver Account (S55)

Balance Interest Rate (p.a.)
$1 - $4,999 0.01%
$5,000 or more 0.71%
Bonus 0.65%*
Earn up to 1.37%*

Interest calculated daily on the portion of the balance in each tier and paid monthly.

* Make a minimum deposit of $50 per calendar month – Note: one withdrawal per calendar month is permitted. Bonus payable on amounts up to $250,000. 

 

Access Saver Account (S60) (Closed to new accounts)

Balance Interest Rate (p.a.)
$1 – $19,999 0.05%
$20,000 – $49,999 0.10%
$50,000 – $99,999 0.20%
$100,000 or more 0.35%

Interest calculated daily and paid monthly. The interest rate is determined by which tier the balance of the account is in and then applying that tiers interest rate to the whole balance of the account.

 

On-Line Saver Account (S70)

Balance Interest Rate (p.a.)
$1 or more 0.60%

Interest calculated daily and paid monthly.

 

iSaver Account (S80)

Balance Interest Rate (p.a.)
$1 or more 0.85%
Bonus 0.51%*
Earn up to 1.36%*

Interest calculated daily and paid monthly.

* Make a minimum deposit of $200 per calendar month to qualify for Bonus. Bonus payable on amounts up to $250,000.

 

Superfund Maximiser Account (S75)

Balance Interest Rate (p.a.)
$1 to $250,000 1.35%
$250,000 1.30%

Interest calculated daily on the portion of the balance in each over tier and paid monthly.

Total Access Account (S1)

Balance Interest Rate (p.a.)
$1 or more 0.00%

 

Redi Access Account (S13)

Balance Interest Rate (p.a.)
$1 or more 0.00%

 

Senior Savers Account (S65)

Balance Interest Rate (p.a.)
Up to $9,999 0.10%
$10,000 - $49,200 0.20%
$49,201 - $249,999 0.80%
$250,000 or more 1.00%

Interest calculated daily on the portion of balance in each tier and paid quarterly in March, June, September and December.

For more information on these products refer to our separate fact sheets.

Fixed Term Deposit Investment Accounts

Balance Interest Rate (p.a.) - 3 months  Interest Rate (p.a.) - 4 months  Interest Rate (p.a.) - 5 months  Interest Rate (p.a.) - 6 months  Interest Rate (p.a.) - 12 months
$500 – $4,9990.90 0.80% 0.80% 0.80% 0.85% 0.85%
$5,000 – $24,999 0.90% 0.90% 0.90% 0.95% 0.95%
$25,000 – $49,999 0.95% 0.95% 0.95% 1.00% 1.00%
$50,000 or more 1.00% 1.00% 1.00% 1.10% 1.10%

Interest rates are fixed for the full term can be automatically reinvested with interest paid on maturity. Interest is calculated daily. Minimum balance of $500.

Special 11 Month Term Deposit

1.50% p.a.* for deposits between $50,000 - $250,000.  New money only. Interest paid on maturity.  Limited offer.  

*Rate applies for a single term. Higher or lower rates may apply for subsequent terms. If the deposit or any part of it is withdrawn early, an interest rate adjustment will apply. Geelong Bank is an Authorised Deposit-taking Institution (ADI). Under the Financial Claims Scheme (FCS), the Federal Government guarantees deposits up to a cap of $250,000 per account-holder.

Regular Income Investment Accounts

Balance Interest Rate (p.a.) - 3 months Interest Rate (p.a.) - 6 months Interest Rate (p.a.) - 12 months
$5,000 – $24,999 0.80% 0.85% 0.85%
$25,000 – $49,999 0.85% 0.90% 0.90%
$50,000 or more

0.90%

1.00% 1.00%

Provides a regular monthly income. Minimum balance $5,000. Interest is calculated daily, fixed for the full term and paid automatically each month into a separate account.

Interest rates together with terms and conditions on all savings, everyday banking and investment accounts are effective as at 01/06/2020, unless otherwise indicated and the Geelong Bank reserves the right to vary these. Please check the current rates at www.geelongbank.com.au or any one of our branches. Deposit products are issued by Ford Co-operative Credit Society Limited ABN 74 087 651 456 trading as Geelong Bank AFSL/Australian Credit Licence Number 244351. Combined deposits of up to $250,000 per member are guaranteed under the Australian Governments Financial Claims Scheme.

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