The Finance Algorithm
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Gold Class

For those aged 65 or over or receiving a Government Aged, Veteran or Disability Pension.

Savings & transaction accountsBank updated 30 Oct 2026
Apply at Summerland Bank ↗Product page ↗Fees and pricing ↗Terms ↗

At a glance

Base rate
0.75%

Rates

Every rate Summerland publishes for this account, 4 in all.

TypeApplies toTermBandRateComparisonConditions
Variable--up to $2,0000.75%-paid every 1 mo
Variable--$10,000–$45,0001.80%-paid every 1 mo
Variable--$2,000–$10,0001.15%-paid every 1 mo
Variable--$45,000+2.80%-paid every 1 mo

Rate changes

3 changes logged, newest first.

DateRateWasNowChange
30 Oct 2026Variable, $10,000–$45,0001.70%1.80%up 0.10
30 Oct 2026Variable, $2,000–$10,0001.05%1.15%up 0.10
30 Oct 2026Variable, $45,000+2.55%2.80%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 Fee
    Varies
  • Dishonour Fee
    $15
  • Honour Fee
    $20
  • QuickDebit Dishonour Fee
    $15

Features

Instant paymentsPayIDDigital bankingUnlimited transactionsApple Pay.Google Pay
  • Save on paper, receive and view your statements online with eStatements.

Eligibility and limits

  • Residency: An eligibility constraint based on residency status applies.
  • Available to individuals

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.