Summerland Bank Gold Class
savings accountpensionerage limitedterms checked
Gold Class is a savings account from Summerland Bank. At $50,000 it pays 1.75% 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 – $2,000stepped: paid on the part of the balance in this band | 0.75% |
| $2,000.01 – $10,000stepped: paid on the part of the balance in this band | 1.15% |
| $10,000.01 – $45,000stepped: paid on the part of the balance in this band | 1.80% |
| $45,000.01+stepped: paid on the part of the balance in this band | 2.80% |
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.
Conditions
- open only to pension or allowance recipients
- open to people aged 65 or over as well as pension recipients
Features
- card
- Link an eftpos or Visa card to the account for convenient access to your money.
- app
- yes
- Osko
- yes
- PayID
- yes
- notifications
- yes
- transactions
- unlimited
- wallets
- Apple Pay., Google Pay
Other features, in the bank's words:
- Save on paper, receive and view your statements online with eStatements.
Fees, limits and who can open it
- monthly fee
- no monthly fee stated
- other fees named
- Deposited Cheque Item Fee (no amount in the feed)
- interest paid
- monthly
- interest calculated
- daily
- open to
- personal customers
- pensioner
- open only to pension or allowance recipients
- age limited
- open only to people of certain ages (kids, youth or seniors accounts)
Who can open it, in the bank's own words:
- pension recipients only: A recipient of a Government Aged, Veteran or Disability Pension may apply for this account.
- residency: An eligibility constraint based on residency status applies.
About this account
For those aged 65 or over or receiving a Government Aged, Veteran or Disability Pension.
Data
- Summerland 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 13 November 2026.
- We read the bank's own page and terms against this page on 1 November 2026: savings-account, everyday-transaction-accounts, SavingsInterestRate_07072026.pdf, www.summerland.com.au, fees-charges-transaction-limits.pdf, Account-Access-Facility-Conditions-of-Use-V2-1.pdf; conditions they state and its feed does not are listed above.
/au/finance/savings-accounts/v1/brands/summerland-bank.json: this bank's accounts and every balance band as JSON; Summerland Bank's page lists them.- The bank last updated this record on 13 November 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 Summerland Bank
- Bonus Saver savings account, 4.75% conditional at $50,000
- iSave Online savings account
- Business Plusstale transaction account
- Community Firststale transaction account
- Community Partnership Account transaction account
- Everyday transaction account
- Money Sense transaction account
- Supersaver transaction account
All of Summerland 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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