Geelong Bank Senior Savers
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Senior Savers is a savings account from Geelong Bank. At $50,000 it pays 1.63% p.a. with no bonus conditions.
Rate tiers
Every balance band in the bank's feed: base is the rate the bank pays.
| Balance | Base |
|---|---|
| $0 – $9,999.99stepped: paid on the part of the balance in this band | 1.55% |
| $10,000 – $49,200.99stepped: paid on the part of the balance in this band | 1.65% |
| $49,201 – $249,999.99stepped: paid on the part of the balance in this band | 1.70% |
| $250,000+stepped: paid on the part of the balance in this band | 1.90% |
The rates are stepped: each band's rate is paid on the part of the balance that falls in it, so a balance across several bands earns a blend of them.
The feed states a minimum balance of $1.
Conditions
- not updated by the bank since 2026-10-14, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed
- members who are 55 or over, hold a Seniors Card or receive an eligible pension
Features
- card
- Visa Debit Card
- app
- yes
- Osko
- yes
- PayID
- yes
- notifications
- yes
- wallets
- Apple Pay, Google Pay
Other features, in the bank's words:
- No monthly access fee.
- eStatements available
Fees, limits and who can open it
- monthly fee
- no monthly fee stated
- minimum balance
- $1
- interest paid
- quarterly
- interest calculated
- daily
- open to
- personal customers
- age limited
- open only to people of certain ages (kids, youth or seniors accounts)
Who can open it, in the bank's own words:
- residency: Individuals must be citizens or permanent residents of Australia.
About this account
Account for members who are over 55 or recipients of an eligible pension.
Data
- Geelong 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.
- How often interest is paid comes from the bank's own page, not its product data, checked on 1 November 2026: "Interest is paid quarterly."
- We read the bank's own page and terms against this page on 1 November 2026: senior-savers-account, interest-rates-14-oct-2026.pdf, deposit-account-interest-rates, fees-and-charges-20-may-2026.pdf, accounts-access-facilities-01-may-2026.pdf, why-join-geelong-bank; conditions they state and its feed does not are listed above.
/au/finance/savings-accounts/v1/brands/geelong-bank.json: this bank's accounts and every balance band as JSON; Geelong Bank's page lists them.- The bank last updated this record on 14 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 Geelong Bank
- Achieve Saverstale savings account, 2.82% conditional at $50,000
- Affinity Savers savings account, 4.18% base at $50,000
- Christmas Club Accountstale savings account, 3.75% base at $50,000
- iSaverstale savings account, 2.96% conditional at $50,000
- Online Saver Accountstale savings account, 1.75% base at $50,000
- Superfund Maximiserstale savings account, 4.45% base at $50,000
- Young Achiever Savingsstale savings account, 3.35% conditional at $50,000
- Redi-Access Accountstale transaction account, 0.00% base at $50,000
- Total Access Accountstale transaction account
All of Geelong Bank's accounts on its page, with its best rates per segment and rate kind, and every account at every bank.
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