Achieve Savers Account

Suitable for retail clients who:

need a savings account offering higher returns even if that means restrictions on access to the funds
are aged 18 years or more
are able and intend to make regular deposits
need a savings account offering higher returns even if that means restrictions on access to the funds

Earn up to 1.16% p.a.

Product Features:

Savings Accounts Features
Funds Available :	1 free withdrawal is permitted per month
Personal Cheque Facility :	No
Branch Access :	Yes
ATM/EFTPOS Access :	No
BPAY :	No
Direct Entry (Credit/Debit) :	Credit Only
Interest Calculation :	Calculated daily, paid monthly

YAS Young Achiever Savings Account (S50)

Balance	Interest Rate (p.a.)
$1 or more	0.70% p.a.
Bonus	1.00% p.a.
Earn up to	1.70% p.a.

Interest calculated daily and paid monthly.

This account is available for members 18 years and older
Access by internet, our mobile banking app or phone banking
Deposits: Funds may be deposited into the Achieve Saver Account via direct credit, Internet and our mobile banking app

FAQs

Read our most frequently asked questions below or view all our FAQs.

Do I have to be a member to open an account?

Geelong Bank is a mutual financial services organisation and as such is owned by its members, each one of whom is a shareholder. Part of the membership process is to open an account.

What is the Financial Claims Scheme?

The Financial Claims Scheme (FCS) is an Australian Government scheme that provides protection and quick access to deposits in banks, building societies and credit unions in the unlikely event that one of these financial institutions fails.

Under the FCS, certain deposits are protected up to a limit of $250,000 for each account holder at any bank, building society, credit union or other authorised deposit-taking institution (ADI) that is incorporated in Australia and authorised by the Australian Prudential Regulation Authority (APRA).

The FCS can only come into effect if it is activated by the Australian Government when an institution fails. Once activated, the FCS will be administered by the Australian Prudential Regulation Authority (APRA).

In an FCS scenario, APRA would aim to pay the majority of customers their protected deposits under the Scheme within seven calendar days.

Documents & Forms

TARGET MARKET DETERMINATION

Achieve Savers Account

CALL US

Speak to a consultant today.

APPLY ONLINE

Open a Savings or Transaction Account.

Help me to save

I'd like to know more about

Footnotes:

¹ 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.
² Make a deposit and no withdrawals per calendar month to qualify for Bonus.

Achieve Savers Account