SummerlandBonus Saver
Save for a holiday, car or even a deposit for a new home! Summerland's Bonus Saver account is designed to help you reach your savings goals. Deposit $100 per calendar month & make no withdrawals to earn bonus interest.
At a glance
- Up to
- 4.75%
- Bonus rate
- 4.75%
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.
| Rate | This account | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| Bonus savings accountBase plus bonus, when every condition is met | 4.75% | 5.75%Defence Bank Limited's iSaver | 5.25%of 51 institutions | 40th highest of 51 |
Rates
The one rate Summerland publishes for this account.
How the rate is made up
4.75%in a month every condition is met
To earn the bonus
- Min deposit amount
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Bonus | - | - | - | 4.75% | - | paid every 1 mo; Min deposit amount; To qualify for the full interest rate; no withdrawals can occur and deposits of at least $100 must occur within the calendar month, otherwise an interest rate of 0% will apply for that month. |
Rate changes
One change logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 30 Oct 2026 | Bonus | 4.50% | 4.75% | up 0.25 |
Each change is logged the night it appears in the rates Summerland Bank publishes. See how every lender answered the RBA on the rate tracker.
Fees
4 fees published, grouped by when they're charged.
When particular things happen4
- Deposited Cheque Item FeeVaries
- Dishonour Fee$15
- Honour Fee$20
- QuickDebit Dishonour Fee$15
Features
- Save on paper, receive and view your statements online with eStatements.
Eligibility and limits
- Residency: An eligibility constraint based on residency status applies.
Compare it with others
Put this product through a calculator
Published by Summerland Bank under the Consumer Data Right, last changed by them on 30 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.