Savings account
Summerland Bank Bonus Saver
5.00%p.a. total
0.25% base + 4.75% bonus when the conditions are met
71st of 151 savings accounts · market average 4.37%
The RBA raised the cash rate to 4.60% on 30 September. Bonus Saver hasn't moved yet. After the May rise it moved 9 days later.
What the bonus asks
2 things each month- Each month
- A deposit of at least $100
- No withdrawals
- A month without them
Pays the 0.25% base rate on the whole balance.
- Who can open it
Anyone
- Balance
No balance cap.
Rate history
Last change 30 Oct- Bonus Saver
- RBA cash rate
- Market average
October 20261 change
- 30Fri
- Base and bonus changed, total still 4.75Bonus rate 4.50% → 4.75%Same total
May 20261 change
- 15Fri
- 4.25 → 4.50Bonus rate 4.25% → 4.50% · 9 days after the RBA rise to 4.35%+0.25
- #43MarMar 2026: ranked 43 of 64
- #51AprApr 2026: ranked 51 of 76
- #51MayMay 2026: ranked 51 of 79
- #54JunJune 2026: ranked 54 of 79
- #55JulJuly 2026: ranked 55 of 80
- #55AugAug 2026: ranked 55 of 80
- #69SepSep 2026: ranked 69 of 120
- #84OctOct 2026: ranked 84 of 150
- #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 9 months: from #71 of 151 in Nov 2026 to #55 of 80 in July 2026.
- A year meeting the conditions
- $2,500
- A year without meeting the conditions
- $125
- Against the average (4.37%)
- +$316
On a $50,000 balance. Type yours above; it's kept with your savings preferences.
Notes from savers
to leave a note.
Pays 5.00% p.a. total (0.25% base plus 4.75% 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 was last restructured on 30 October 2026. From Summerland Bank's Consumer Data Right feed, refreshed nightly. Compare savings accounts ·