Bendigo Bank savings and bank accounts

Bendigo Bank offers a range of different savings accounts to suit different needs, as well as a simple everyday transaction account.

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Bendigo Bank
Name Maximum Variable Rate p.a. Base interest rate Intro/Ongoing Government Guarantee Monthly Max Rate Conditions
Bendigo Bank EasySaver Account
Bendigo Bank logo
Maximum Variable Rate p.a.
3.70%
Standard Variable Rate p.a.
3.70%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
Bendigo Bank Reward Saver
Bendigo Bank logo
Maximum Variable Rate p.a.
5.00%
Standard Variable Rate p.a.
0.30%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow your balance
  • Make at least one deposit
  • Requires Bendigo transaction account
  • Balances up to $100,000
Bendigo Bank PiggySaver Account
Bendigo Bank logo
Maximum Variable Rate p.a.
3.70%
Standard Variable Rate p.a.
3.70%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
Bendigo Bank Christmas Club Account
Bendigo Bank logo
Maximum Variable Rate p.a.
0.80%
Standard Variable Rate p.a.
0.80%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
Bendigo Bank Easy Retirement Account
Bendigo Bank logo
Maximum Variable Rate p.a.
2.50%
Standard Variable Rate p.a.
2.50%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
Bendigo Bank Business EasySaver Account
Bendigo Bank logo
Maximum Variable Rate p.a.
1.45%
Standard Variable Rate p.a.
1.45%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
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Showing 6 of 6 results
Name Monthly fee Govt. Guarantee Own network ATM fee Card type
Bendigo Bank Everyday Account
Bendigo Bank logo
Apple Pay Google Pay Samsung Pay Garmin Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Mastercard
More Info
Bendigo Bank Student Account
Bendigo Bank logo
Apple Pay Google Pay Samsung Pay Garmin Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Mastercard
More Info
Bendigo Foreign Currency At Call Deposit Account
Bendigo Bank logo
Apple Pay Google Pay Samsung Pay Garmin Pay9 currencies
Monthly fee
$50
Government Guarantee
Own network ATM fee
Card type
Mastercard
Bendigo Bank Easy Retirement Account
Bendigo Bank logo
Apple Pay Google Pay Samsung Pay Garmin Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Mastercard
More Info
Bendigo Bank Concession Account
Bendigo Bank logo
Apple Pay Google Pay Samsung Pay Garmin Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Mastercard
Bendigo Bank Business Everyday Account
Bendigo Bank logo
Monthly fee
$15
Government Guarantee
Own network ATM fee
$0
Card type
Mastercard
Bendigo Bank Business Basic Account
Bendigo Bank logo
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Mastercard
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Showing 7 of 7 results
Name 3 Mths p.a. 4 Mths p.a. 5 Mths p.a. 6 Mths p.a. 7 Mths p.a. 11 Mths p.a. 12 Mths p.a. 24 Mths p.a.
Bendigo Bank Term Deposit - $5,000+
Bendigo Bank logo
$5,000 min. deposit$5,000,000 max. deposit
3 Mths p.a.
3.50%
4 Mths p.a.
4.00%
5 Mths p.a.
3.00%
6 Mths p.a.
4.00%
7 Mths p.a.
3.00%
11 Mths p.a.
3.00%
12 Mths p.a.
4.50%
24 Mths p.a.
3.30%
More Info
Bendigo Bank Term Deposit - $0-$4,999
Bendigo Bank logo
$4,999 max. deposit
3 Mths p.a.
0.05%
4 Mths p.a.
0.05%
5 Mths p.a.
0.05%
6 Mths p.a.
0.10%
7 Mths p.a.
0.10%
11 Mths p.a.
0.10%
12 Mths p.a.
0.15%
24 Mths p.a.
0.15%
More Info
Bendigo Bank Gold Term Deposit - $0 - $1999
Bendigo Bank logo
$1,999 max. deposit
3 Mths p.a.
-
4 Mths p.a.
-
5 Mths p.a.
-
6 Mths p.a.
-
7 Mths p.a.
-
11 Mths p.a.
-
12 Mths p.a.
0.05%
24 Mths p.a.
-
Bendigo Bank Gold Term Deposit - $2000 - $5000000
Bendigo Bank logo
$2,000 min. deposit$5,000,000 max. deposit
3 Mths p.a.
-
4 Mths p.a.
-
5 Mths p.a.
-
6 Mths p.a.
-
7 Mths p.a.
-
11 Mths p.a.
-
12 Mths p.a.
0.05%
24 Mths p.a.
-
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Showing 4 of 4 results
1 - 12 of 185
Name Maximum Variable Rate p.a. Base interest rate Intro/Ongoing Government Guarantee Monthly Max Rate Conditions
ING Savings Accelerator ($150,000 - $500,000)
ING logo
Maximum Variable Rate p.a.
5.40%
Standard Variable Rate p.a.
4.70%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Welcome rate applies up to $500K
Go to siteView details
Ideal for higher balances, savers can earn up to 5.4% for the first 4 months and up to 4.7% thereafter. There are no conditions and $0 account-keeping fees.
Rabobank High Interest Savings Account
Rabobank logo
Maximum Variable Rate p.a.
5.60%
Standard Variable Rate p.a.
4.35%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Balances up to $250,000
Go to siteView details
Ubank High Interest Save Account
Ubank logo
Maximum Variable Rate p.a.
5.50%
Standard Variable Rate p.a.
0.00%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $500
  • Savings up to $100,000
Go to siteView details
ING Savings Accelerator ($150,000 - $500,000)
ING logo
Maximum Variable Rate p.a.
5.40%
Standard Variable Rate p.a.
4.70%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Welcome rate applies up to $500K
Go to siteView details
Macquarie Savings Account
Macquarie Bank logo
Maximum Variable Rate p.a.
5.35%
Standard Variable Rate p.a.
5.00%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Balances up to $250,000
Go to siteView details
Suncorp Bank Growth Saver Account
Suncorp Bank logo
Maximum Variable Rate p.a.
5.05%
Standard Variable Rate p.a.
0.35%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow balance by $200 each month (excl. interest)
  • Only 1 withdrawal
  • No balance limit on earning interest
Go to siteView details
Bank of Queensland Simple Saver Account
BOQ logo
Maximum Variable Rate p.a.
4.85%
Standard Variable Rate p.a.
4.85%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Balances up to $5,000,000
Go to siteView details
Newcastle Permanent Smart Saver Account
Newcastle Permanent logo
Maximum Variable Rate p.a.
4.50%
Standard Variable Rate p.a.
0.05%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow balance
  • No more than 2 withdrawals
Go to siteView details
ING Savings Maximiser
ING logo
Maximum Variable Rate p.a.
5.50%
Standard Variable Rate p.a.
0.55%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $1,000
  • 5 transactions
  • Grow your balance
  • Balances up to $100,000
Go to siteView details
IMB Reward Saver Account
IMB logo
Maximum Variable Rate p.a.
5.25%
Standard Variable Rate p.a.
0.00%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $50
  • No withdrawals
  • Balances up to $1,000,000
Go to siteView details
Earn up to 3.25% p.a. after the introductory period ends.
Rabobank PremiumSaver
Rabobank logo
Maximum Variable Rate p.a.
5.35%
Standard Variable Rate p.a.
1.45%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow your balance by $200+ each month
  • Balances up to $250,000
Go to siteView details
St.George Incentive Saver
St.George Bank logo
Maximum Variable Rate p.a.
5.25%
Standard Variable Rate p.a.
1.85%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow balance $50 ($0.01 if under 21)
  • Balance up to $249,999.99
Go to siteView details
Extra 0.10% p.a. for 3 months for new customers who apply online, with balances under $250,000.
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Showing 12 of 12 results

Quick facts about Bendigo Bank

  • Bendigo Bank initially started as a building society in Bendigo, Victoria, helping locals to own their own home.
  • Bendigo Bank has been around for more than 150 years.
  • Bendigo Bank joined with Adelaide Bank in 2007 to form the Bendigo and Adelaide Bank Group.
  • Although it's local to the Bendigo area in Victoria, Bendigo Bank has more than 1.9 million customers all over Australia.
  • Bendigo Bank is regularly voted as one of Australia's most-trusted brands.
  • Bendigo Bank's community branches have donated more than $250 million towards community programs.
  • Taking into account it's huge community bank network, Bendigo Bank is Australia's fifth largest bank.

Different accounts offered by Bendigo Bank

Bendigo Bank offers a range of different deposit accounts which you can see in the tables above. Here's a brief snapshot of some of the main accounts.

Bendigo Everyday Account

A day-to-day transaction account that you can also use as an offset account with your Bendigo Bank home loan. This account has a $0 monthly account fee which is waived if you deposit $0 a month.

Read our full review of the Bendigo Everyday Account.

Bendigo Student Account

Children as young as 12, full-time students, apprentices and trainees are all eligible for the student account. There are no monthly fees for your account, plus you get unlimited free transactions online, by phone, at Bendigo ATMs and with BPAY.

Read our full review of the Bendigo Student Account.

Bendigo EasySaver Account

This is the main savings account offered by Bendigo Bank for personal customers. It offers a standard variable interest rate each month on your savings with no ongoing deposit conditions to meet. All you need to do is link it to the Bendigo Bank Everyday Account, and you can access your money at any time.

Read our full review of the Bendigo Bank EasySaver Account.

Bendigo PiggySaver Account

This is Bendigo's savings account option for children under 12, encouraging them to save with a free money box and annual birthday rewards. It also offers interest on your balance so kids can learn about compound interest.

Read our full review of the Bendigo Bank PiggySaver Account.

Bendigo Bank Term Deposit

With a Bendigo Bank Term Deposit, you have the option of locking your savings with a fixed rate for a length of time of your choice. You can open a term deposit from 1 month up to 5 years. The minimum deposit you need is $0 and you can choose to receive your interest payments monthly, annually or at maturity of the account.

Read our full review of the Bendigo Bank Term Deposit.

What do Australians think of Bendigo Bank bank account?

  • 4.23/5 overall for Customer Satisfaction — higher than the average of 4.11
  • 4.7/5 for Trust — higher than the average of 4.43
  • 4.28/5 for Customer Service — higher than the average of 4.07

Based on Bendigo Bank bank account scores in Finder's 2024 Customer Satisfaction Awards.

Different ways to bank with Bendigo Bank

Bendigo Bank offers many different ways to do your banking.

Bank branches

Bendigo Bank has more than 500 branches in Australia, including around 300 branches as part of its community banking network. This community branch is run by banking volunteers to give access to financial products and services (offered by Bendigo) to regional communities. Profits from these community branches goes back into the community to fund things like schools, sporting equipment, art and cultural projects, and the environment.

ATM network

Bendigo has roughly 500 ATMs available in Australia, mostly located in the southern part of the country. Customers can also access all major bank ATMs to withdraw cash for free.

Bank@Post

If you need to deposit cash into your account and don't have a Bendigo branch nearby, you can do this at a participating Australia Post shop using Bank@Post.

Bendigo Bank Internet and mobile banking

Commonwealth Bank's online banking platform is called Bendigo e-banking. You can go online 24/7 to do your day-to-day banking including view your balances, pay bills, transfer money between accounts and make BPAY payments, view and download your statements and open new Bendigo Bank accounts.

The Bendigo Bank app is free to download from Google Play or the App Store. You can set up your own PayID in the app to use instead of your BSB and Account Number when receiving money, and use Osko to make instant bank-to-bank transfers.

Contactless payment options

Bendigo Bank offers Apple Pay, Google Pay and Samsung Pay to customers with a Bendigo debit card.

Pros and cons of banking with Bendigo bank

Pros

  • Community banking. Bendigo's community banking program helps fund things like sports equipment, infrastructure and community amenities in regional towns.
  • Variety of accounts. Bendigo offers dedicated bank accounts for kids, community organisations, students and customers in retirement.
  • Bank branches. Unlike many digital and online banks, Bendigo still offers a network of physical bank branches.
  • Lots of ways to bank. You can use bank branches, smart ATMs, Internet banking, mobile banking, Bank@Post or digital wallets.

Cons

  • Fees. Bendigo's bank account charges a monthly account keeping fee unless you deposit a certain amount each month.
  • Limited ATM access. Bendigo Bank has less of a physical ATM presence than the Big Four banks.

How to apply for a Bendigo Bank account online

You can apply for a new Bendigo Bank account online in less than 10 minutes. Just make sure you meet the eligibility criteria and have the necessary documents handy before you start your application.

Eligibility

  • You're over 18 years old, unless you're applying for a student or kid's account
  • You're an Australian resident for tax purposes
  • You have an Australian phone number and residential address

Documentation

  • Personal details like your name, date of birth, residential address, phone number and email address
  • ID documents such as your driver's licence, Medicare card, passport or proof-of-age card

If you haven't found what you're looking for yet, you can compare a wide range of additional savings accounts and bank accounts from other providers with Finder.

Compare other products from Bendigo Bank

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Written by

Editor

Alison Banney is the money editorial manager at Finder. She covers all areas of personal finance, and her areas of expertise are superannuation, banking and saving. She has written about finance for 10 years, having previously worked at Westpac and written for several other major banks and super funds. See full bio

Alison's expertise
Alison has written 625 Finder guides across topics including:
  • Superannuation
  • Savings accounts, bank accounts and term deposits
  • Budgeting and money-saving hacks
  • Managing the cost of living

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8 Responses

    Default Gravatar
    JohnSeptember 10, 2023

    Hello B.B
    With the “Bendigo Bank Reward Saver (for 31 years old or over)”
    1. How often is the interest calculated on the above account and how often is interest deposited back into the account
    2. could I have two of these “Bendigo Bank Reward Saver (for 31 years old or over)” I.e when balance is nearing $100K instead of going back to a base rate can one just open a second account?

      AvatarFinder
      AlisonSeptember 21, 2023Finder

      Hi John, you’ve reached Finder, not Bendigo Bank.
      The interest is calculated daily and paid monthly. You can only have one Reward Saver account open in your name.
      Thanks,
      Alison

    Default Gravatar
    IanMay 22, 2023

    How is the term deposit it says 3.5 % then interest then higher the longer you leave it there. when is the interest paid into the account. Can i deposit and with draw at any time

      AvatarFinder
      AlisonMay 22, 2023Finder

      Hi Ian, term deposits will often offer a higher rate on longer term lengths. This is because you need to lock your money away for longer. When you’ve opened a term deposit, you can’t deposit or withdraw money until the term length has ended. The interest rates on this page are for interest being paid at maturity of the term.

    Default Gravatar
    griffoDecember 15, 2021

    if i withdraw cash from yr atm ie$1500 with a qudos card how much is your fee ?

      AvatarFinder
      AlisonJanuary 12, 2022Finder

      Hi,

      Bendigo bank doesn’t specify the charge for external customers using their ATMs. You could confirm the charge by calling them directly on 1300 236 344, or you can also see the fee on the ATM screen itself before you confirm your transaction.

      I hope this helps.

      Best,
      Alison

    Default Gravatar
    TrevorJune 26, 2019

    My bank is changing the name of its Deeming Account to “Retirement Savings Account” and dropping the interest rate from 3.25% to 2.3%. Are there better deeming accounts?

      AvatarFinder
      JeniJune 27, 2019Finder

      Hi Trevor,

      Thank you for getting in touch with Finder.

      You can start comparing deeming accounts. There are a wide number of financial investments that are assessed under the deeming rules. The main types include:

      I hope this helps.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

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