Geelong Bank Young Achiever Savings

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Young Achiever Savings is a savings account from Geelong Bank. It pays 3.35% p.a. in a month in which the conditions below are met and 1.40% when they are not.

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.

The feed states a minimum balance of $1.

Conditions

• not updated by the bank since 2026-10-01, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed
• bonus needs a deposit and no withdrawals in the calendar month
• for children and teenagers under 18

Features

app

yes

Osko

yes

PayID

yes

notifications

yes

Other features, in the bank's words:

• Bonus interest earned for each month if you make no withdrawals during the month and the account has a deposit during that month.
• eStatements available
• No monthly access fee

Fees, limits and who can open it

monthly fee

no monthly fee stated

minimum balance

$1

interest paid

monthly

interest calculated

daily

age

up to age 18

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.
• age 18 and under

About this account

Savings and banking solutions for young children and teenagers made simple and easy.

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.
• We read the bank's own page and terms against this page on 1 November 2026: young-achievers-savings-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 1 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
• Senior Saversstale savings account, 1.63% base at $50,000
• Superfund Maximiserstale savings account, 4.45% base 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.