Bendigo Bank savings account and term deposit rates

Bendigo and Adelaide Bank Limited · Regional bank

Bendigo Bank's best ongoing savings rate is 5.00% p.a. on Bendigo Reward Saver, in months when you meet its bonus conditions. Its best term deposit pays 4.90% p.a. for 12 months on $1,000 or more.

Verified 2 Nov 2026

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Key facts

Top savings rate: 5.00% p.a.
Best term deposit: 4.90% p.a. for 12 months
Minimum term deposit: $1,000
Deposit protection: $250,000 per account holder
Credit cards: 4 cards from Bendigo Bank

What would your money earn at Bendigo Bank?

Type any amount and pick an account. Estimates are before tax and assume the rate stays the same.

Amount

Try

Account

Fixed for the term. From $1,000.

Interest over 12 months

$1,225

4.90% p.a., interest paid at maturity.

Bendigo Bank 12-month Standard Term Deposit$1,225

Bank Australia Term Deposit, 5.60% p.a.$1,400

That is $175 less than the best 12-month term deposit in Australia would pay on the same amount.

See what your own balance actually earned

Bendigo Bank rates

Every rate is variable. Bonus rates show as the total you earn, with the base and bonus parts underneath.

Bendigo Reward Saver

Bonus savings account

Any age

5.00%p.a.

0.10% base + 4.90% bonus

To earn the bonus each month

In addition to interest paid by Bendigo Bank.

Bendigo EasySaver

Savings account, no monthly conditions

Any age

3.80%p.a.

No monthly conditions

Earn an attractive interest rate no matter how much you save or how much you transact.

Bendigo PiggySaver

Savings for under 18s

Under 13

3.80%p.a.

No monthly conditions

Designed for kids under 12.

Bendigo Easy Retirement Account

For retirees and pensioners

55 or older

1.95%p.a.

No monthly conditions

A transaction account designed to make life easier for retirees and pensioners.

Standard Term Deposit

Standard Term Deposit rates, interest paid at maturity
Term	$1,000 to $4,999	$5,000 to $5,000,000
1 month	0.05%	1.20%
2 months	0.05%	1.45%
3 months	0.05%	2.75%
4 monthsStand-out term	0.05%	3.60%
5 months	0.05%	2.90%
6 monthsStand-out term	0.10%	4.70%
7 months	0.10%	3.15%
8 monthsStand-out term	0.10%	3.50%
9 months	0.10%	3.20%
10 months	0.10%	3.25%
11 months	0.10%	3.30%
12 monthsBest rate	0.15%	4.90%
2 years	0.15%	4.50%
3 years	0.15%	3.00%
4 years	0.15%	3.00%
5 years	0.15%	3.00%

Interest paid at maturity. Terms longer than 12 months pay interest once a year. New term deposits start at $1,000.

Gold Term Deposit

Gold Term Deposit rates, interest paid quarterly
Term	$2,000 to $5,000,000
12 monthsBest rate	0.05%

Interest paid quarterly. New term deposits start at $2,000.

Compare 12-month term deposits at every bank in Australia

How Bendigo Bank compares with other banks in Australia

Every bank we track in Australia, ranked by its best ongoing savings rate, with its 12-month term deposit. Verified 2 Nov 2026.

Savings and 12-month term deposit rates at every bank in Australia, 2 Nov 2026
#	Bank	Top savings rate	12-month term deposit
1	ING	5.75% p.a.Savings Maximiser, monthly conditions	5.30% p.a.Personal Term Deposits
2	St.George	5.40% p.a.Incentive Saver, monthly conditions	4.75% p.a.Term Deposit
3	Bank Australia	5.35% p.a.Bonus Saver, monthly conditions	5.60% p.a.Term Deposit
4	Teachers Mutual Bank	5.35% p.a.Momentum Saver, monthly conditions	5.35% p.a.Term Deposit
5	ANZ	5.35% p.a.ANZ Plus Growth Saver, monthly conditions	5.30% p.a.ANZ Advance Notice Term Deposit
6	Bankwest	5.35% p.a.Hero Saver, monthly conditions	5.30% p.a.Bankwest Term Deposit
7	Virgin Money	5.30% p.a.Virgin Money Boost Saver, monthly conditions	Not published
8	Macquarie	5.25% p.a.Macquarie Savings Account	5.40% p.a.Macquarie Term Deposit
9	CommBank	5.25% p.a.GoalSaver, monthly conditions	5.30% p.a.Standard Term Deposit
10	NAB	5.25% p.a.NAB Reward Saver, monthly conditions	5.30% p.a.NAB Term Deposit
11	Westpac	5.25% p.a.Westpac Life, monthly conditions	5.30% p.a.Term Deposit
12	BOQ	5.00% p.a.Simple Saver Account	5.40% p.a.myBOQ Term Deposit
13	Bendigo Bank	5.00% p.a.Bendigo Reward Saver, monthly conditions	4.90% p.a.Standard Term Deposit
14	Beyond Bank	4.90% p.a.Purple Bonus Saver, monthly conditions	4.90% p.a.Term Deposit

Who can open them, and how safe is the money?

Who can open each account

Bendigo Reward Saver: Any age
Bendigo EasySaver: Any age
Bendigo PiggySaver: Under 13
Bendigo Easy Retirement Account: 55 or older
Standard Term Deposit: Any age, from $1,000
Gold Term Deposit: Any age, from $2,000

Is my money protected?

The Australian Government's Financial Claims Scheme covers deposits at Bendigo Bank up to $250,000 per account holder.

Questions about Bendigo Bank savings and term deposits

What is Bendigo Bank's highest savings rate?

Bendigo Reward Saver, at 5.00% p.a. on 2 Nov 2026: a 0.10% p.a. base rate plus a 4.90% p.a. bonus. In addition to interest paid by Bendigo Bank. A month that misses the conditions earns 0.10% p.a.

What is the Bendigo Bank 12-month term deposit rate?

4.90% p.a. on new deposits of $1,000 or more, with interest paid at maturity. Taking the interest monthly lowers it to 4.85% p.a.

Which Bendigo Bank term deposit term pays the most?

12 months, at 4.90% p.a. with interest paid at maturity, on 2 Nov 2026.

Is my money safe with Bendigo Bank?

Deposits at Bendigo Bank are covered by the Australian Government's Financial Claims Scheme up to $250,000 per account holder.

Where do these rates come from?

From the product details Bendigo Bank publishes under the Consumer Data Right, which Woodo checks every day. We last verified them on 2 Nov 2026. Bendigo Bank does not pay Woodo, and no payment can change the order of any list.

Community

Bendigo Bank savers will soon be able to report whether their bonus rate paid out each month, and ask other savers questions.

Cards issued by Bendigo Bank

All 4 Bendigo Bank credit cards

Other banks in Australia

INGSavings 5.75% p.a.12-month 5.30% p.a.
St.GeorgeSavings 5.40% p.a.12-month 4.75% p.a.
BankwestSavings 5.35% p.a.12-month 5.30% p.a.
Teachers Mutual BankSavings 5.35% p.a.12-month 5.35% p.a.
ANZSavings 5.35% p.a.12-month 5.30% p.a.
Bank AustraliaSavings 5.35% p.a.12-month 5.60% p.a.

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