BankMate

Savings account

Bendigo Reward Saver

5.00%p.a. total

0.10% base + 4.90% bonus when the conditions are met

71st of 151 savings accounts · market average 4.37%

Go to BendigoCompare with another accountCompare with Bendigo's term deposit

The RBA raised the cash rate to 4.60% on 30 September. Bendigo Reward Saver moved on 19 October, 19 days later.

What the bonus asks

2 things each month
Each month
  1. A deposit
  2. A balance that ends the month higher than it started
A month without them

Pays the 0.10% base rate on the whole balance.

Who can open it

Anyone

Balance

The bonus is paid on balances up to $100,000.

Compare all 151 accounts

Rate history

Last change 19 Oct
  • Bendigo Reward Saver
  • RBA cash rate
  • Market average
4.004.505.00MarMayJulSepToday5.00% p.a. today

October 20261 change

  1. 19Mon
    • 4.75 → 5.00Bonus rate 4.65% → 4.90% · 19 days after the RBA rise to 4.60%
      +0.25

May 20261 change

  1. 22Fri
    • 4.50 → 4.75Bonus rate 4.40% → 4.65% · 16 days after the RBA rise to 4.35%
      +0.25

April 20261 change

  1. 7Tue
    • 4.25 → 4.50Bonus rate 4.15% → 4.40% · 20 days after the RBA rise to 4.10%
      +0.25

  1. #32FebFeb 2026: ranked 32 of 42
  2. #51MarMar 2026: ranked 51 of 64
  3. #51AprApr 2026: ranked 51 of 76
  4. #51MayMay 2026: ranked 51 of 79
  5. #54JunJune 2026: ranked 54 of 79
  6. #55JulJuly 2026: ranked 55 of 80
  7. #55AugAug 2026: ranked 55 of 80
  8. #69SepSep 2026: ranked 69 of 120
  9. #70OctOct 2026: ranked 70 of 150
  10. #71NowNov 2026: ranked 71 of 151
  • Top 5%
  • Top 10%
  • Top 25%
  • Top half
  • Lower half

Mostly outside the top half of accounts over the last 10 months: from #70 of 150 in Oct 2026 to #51 of 64 in Mar 2026.

A year meeting the conditions
$2,500
A year without meeting the conditions
$50
Against the average (4.37%)
+$316

On a $50,000 balance. Type yours above; it's kept with your savings preferences.

Up to $100k5.00%
$100k+0.10%

Grow balance (excluding current month interest). Must hold eligible transaction account. Bonus up to $100k.

Notes from savers

to leave a note.

Other Bendigo accounts: Bendigo EasySaver 3.80% · Bendigo PiggySaver 3.80%

Pays 5.00% p.a. total (0.10% base plus 4.90% bonus) as of 2 November 2026. Ranks 71st of 151 savings accounts tracked by BankMate, 0.63 points above the average of 4.37%. The rate last rose on 19 October 2026, 19 days after the RBA raised the cash rate to 4.60%. From Bendigo's Consumer Data Right feed, refreshed nightly. Compare savings accounts ·