Bendigo Bank Reward Saver

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Reward Saver is a savings account from Bendigo Bank. It pays 5.00% p.a. in a month in which the conditions below are met and 0.10% when they are not. The feed calls it "Bendigo Reward Saver".

Rate tiers

Every balance band in the bank's feed: base is the rate when the bonus conditions are not all met, bonus the add-on for meeting them, conditional the two together.

The bonus is paid on top of the base rate in a month in which the conditions are met; conditional is the two together, and the base rate is what is paid otherwise.

The feed states no cap on the balance that earns the bonus.

Conditions

For the bonus rate

• grow the balance each month

In the bank's own words, as its feed states each condition on the bonus rate:

• balance growthIn addition to interest paid by us.

Other conditions

• not updated by the bank since 2026-10-18, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed
• the bonus rate applies only to the part of the balance up to $100,000
• base rate applies instead of the bonus if the balance does not grow in the month
• the web page also asks for at least one deposit a month
• only one account per customer earns the bonus
• must be an Australian citizen or resident
• joint accounts only through a branch; not for business customers

Features

app

yes

transactions

unlimited

Other features, in the bank's words:

• Bonus interest rate available when you grow your balance each month.
• No Monthly Service Fee

Fees, limits and who can open it

monthly fee

no monthly fee stated

interest paid

monthly

interest calculated

daily

open to

personal customers

Who can open it, in the bank's own words:

• Grow your balance every month

About this account

A savings account that helps you save for your goals - with a Bonus Rate to get you there faster.

Data

• Bendigo Bank's own page for this account.
• The bank's documents its product record links to: terms and conditions, fees, eligibility.
• Our verbatim snapshot of the bank's product record (source), as fetched on 22 October 2026.
• We read the bank's own page and terms against this page on 1 November 2026: reward-saver, disclosure-documents, schedule-interest-rates-personal-accounts.pdf, bendigo-personal-accounts-and-facilities.pdf; conditions they state and its feed does not are listed above.
• /au/finance/savings-accounts/v1/brands/bendigo-bank.json: this bank's accounts and every balance band as JSON; Bendigo Bank's page lists them.
• The bank last updated this record on 18 October 2026. Rates are per annum as the bank states them; "stale" means the bank has not updated the record for over 60 days or since the latest cash rate change.

Other accounts at Bendigo Bank

• Business EasySaverstale savings account, 1.50% base at $50,000
• Easy Retirement Accountstale savings account, 1.63% base at $50,000
• EasySaverstale savings account, 3.80% base at $50,000
• PiggySaverstale savings account, 3.80% base at $50,000
• Cash Management Account (CMA)stale cash management account, 1.00% base at $50,000
• Business Basic Accountstale transaction account, 0.00% base at $50,000
• Business Everyday Accountstale transaction account, 0.00% base at $50,000
• Concession Accountstale transaction account, 0.00% base at $50,000
• Everyday Accountstale transaction account, 0.00% base at $50,000
• Student Accountstale transaction account, 0.01% base at $50,000

All of Bendigo Bank's accounts on its page, with its best rates per segment and rate kind, and every account at every bank.