The Finance Algorithm
Bendigo Bank logoBendigo Bank

Bendigo Reward Saver

A savings account that helps you save for your goals - with a Bonus Rate to get you there faster.

Savings & transaction accountsBank updated 19 Oct 2026

At a glance

Up to
5.00%
Base rate
0.10%
Bonus rate
4.90%

How it compares

This account in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.

This account: 5.00%Every other institution's highest, 50 in all

Base plus bonus, when every condition is met. One dot per institution, at its highest bonus savings rate anyone can apply for; hover or tap a dot for its name.

RateThis accountBest anywhereTypical institutionWhere it sits
Bonus savings accountBase plus bonus, when every condition is met5.00%5.75%Defence Bank Limited's iSaver5.25%of 51 institutions33rd highest of 51, level with one other
Bonus account, conditions missedWhat a bonus account pays in a month its conditions aren't met0.10%3.45%Heritage's Online Saver Account0.10%of 43 institutions18th highest of 43, level with 10 others

Rates

Every rate Bendigo Bank publishes for this account, 3 in all.

How the rate is made up

5.00%in a month every condition is met

0.10% base rate4.90% bonus, when its conditions are met

To earn the bonus

  • In addition to interest paid by us.
TypeApplies toTermBandRateComparisonConditions
BonusBonus Rate in addition to variable (Base) rate where criteria is met When you grow your balance every month* Watch your savings grow without worrying about monthly service fees---4.90%-paid every 1 mo; In addition to interest paid by us.; For customers 31 years old or older Subject to eligibility criteria being met
BonusBonus Rate in addition to variable (Base) rate where criteria is met. When you grow your balance every month* Watch your savings grow without worrying about monthly service fees---4.90%-paid every 1 mo; In addition to interest paid by us.; For customers 30 years old or younger, subject to eligibility criteria being met
Variable---0.10%-paid every 1 mo

Features

Digital bankingUnlimited transactions
  • Bonus interest rate available when you grow your balance each month.
  • No Monthly Service Fee

Eligibility and limits

  • Grow your balance every month

Published by Bendigo Bank under the Consumer Data Right, last changed by them on 19 Oct 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.