Important disclosure

Summerland Bank

MoneySense

Real Time Rating™

  • App banking
  • Online banking
Maximum rate

2.70%

p.a

Base rate

2.70%

p.a

Real Time Rating™
Tags
  • App banking
  • Online banking
Maximum rate

2.70%

p.a

Base rate

2.70%

p.a

Pros and cons

For MoneySense

Benefits

  • Better than average maximum interest rate
  • No ongoing account fees
  • No minimum balance

Summerland Bank Rate Savings account overview

For MoneySense

Account Details

Maximum rate

2.70%

p.a

Minimum age restrictions

12

Base rate

2.70%

p.a

Maximum age restrictions

17

Maximum rate condition

Not applicable

Minimum opening deposit

$0

Interest calculation method

Whole Balance

Target Market Determination

Visit Summerland Bank to view Target Market Determination.

Features

Joint application available

Is online only

Methods of Access

Internet facility

ATM access

Phone facility

Eftpos facility

Branch access

App

App only

Fees

Eftpos fee

$0

ATM withdrawal fee

$0

Overseas eftpos fee

$0

Internet transaction fee

Over the counter deposit fee

Phone transaction fee

$0

Over the counter withdrawal fee

Promoted savings accounts

Promoted

Virgin Money Boost Saver (< 18 years)

Real Time Rating™
  • Bonus interest with conditions
  • Online banking
  • Linked account required

*If you are between 14 - 17 years, no monthly criteria apply

Maximum rate

5.35%*

p.a

Base rate

0.05%

p.a

Promoted

Youth Reward Saver

Real Time Rating™
  • Bonus interest with conditions
  • App banking
  • Online banking
  • Linked account required

*Make at least one deposit of $10 or more and make no withdrawals in a month

Maximum rate

5.00%*

p.a

Base rate

1.50%

p.a

Promoted

Teen NetLink Direct Savings Account

Real Time Rating™
  • App banking
  • Online banking
Maximum rate

3.10%

p.a

Base rate

3.10%

p.a

Promoted

Kickstart (12 -17 years)

Real Time Rating™
  • App banking
  • Online banking
Maximum rate

3.00%

p.a

Base rate

3.00%

p.a