Bendigo Bank
ChallengerBendigo Bank offers a best rate of 4.8% p.a. on 12-month terms with a $5000 minimum deposit. Rates peak at the 8-month term (4.4% p.a.) and 12-month term, then drop significantly to 3.0% p.a. for all terms from 15 months onwards. Shorter terms under four months offer modest rates between 1.2% and 2.75% p.a.
Savings Accounts
ongoing rate
Rate breakdown
Base rate: 0.10%
Bonus rate: + 4.40%
How to earn it
Grow your balance each calendar month (net increase, excluding interest). Available for customers aged 31 and over. Bonus rate applies on balances up to $100,000.
+4.4% — For customers 30 years old or younger, subject to eligibility criteria being met
Rate current since 10 Apr 2026.
3.30% p.a.
ongoing rate
Rate breakdown
Base rate: 3.30%
How to earn it
No conditions
Rate current since 10 Apr 2026.
0.01% p.a.
ongoing rate
Rate breakdown
Base rate: 0.01%
How to earn it
No conditions
Rate current since 10 Apr 2026.