Savings account · Up to 17 years
Geelong Bank Young Achiever Savings
3.35%p.a. total
1.40% base + 1.95% bonus when the conditions are met
118th of 152 savings accounts · market average 4.23%
The RBA raised the cash rate to 4.60% on 30 September. Young Achiever Savings hasn't moved yet.
What the bonus asks
2 things each month- Each month
- A deposit
- No withdrawals
- A month without them
Pays the 1.40% base rate on the whole balance.
- Who can open it
Anyone under 18
- Balance
No balance cap.
Rate history
No change since tracking began on 7 Oct- Young Achiever Savings
- RBA cash rate
- Market average
No rate changes recorded for this account since tracking began on 7 October 2026.
- #117NowOct 2026: ranked 117 of 152
- Top 5%
- Top 10%
- Top 25%
- Top half
- Lower half
Ranked #117 of 152 this month. Tracking begins here.
- A year, conditions met
- $1,675
- A year, never met
- $700
- Against the average (4.23%)
- −$439
On a $50,000 balance. Type yours above; it's kept with your savings preferences.
Savings and banking solutions for young children and teenagers made simple and easy.
Notes from savers
to leave a note.
Pays 3.35% p.a. total (1.40% base plus 1.95% bonus) as of 7 October 2026. Ranks 118th of 152 savings accounts tracked by BankMate, 0.88 points below the average of 4.23%. It has not changed since tracking began on 7 October 2026. From Geelong Bank's Consumer Data Right feed, refreshed nightly. Compare savings accounts ·