Affinity Saver Account

However you live, work, play or dream, we're here to make the most of your money.

Deposit your salary and enjoy a competitive interest rate identical to the *RBA’s cash rate for balances between $2,000 to $100,000.

Also available if you have an Affinity Home or Car Loan.

 

Earn  4.35 % pa

Product Features:

Savings Accounts Features
Minimum Amount : $0
Auto Sweep Facility : Yes
ATM/EFTPOS Access : Yes
Online Banking : Yes
BPAY : Yes
Statements : Monthly
Visa Debit Card : Yes
payWave : Yes
Passbook : No
Deposits Over The Counter : Yes
Withdrawals Over The Counter : Yes
Transfers : Yes
Mobile Banking App : Available for download
Phone Banking : No
Direct Credits : Yes
Direct Debits : Yes
Periodical Payments : Yes
Interest Calculation : Balances above $2,000 interest payable determined by the current RBA cash rate and paid monthly.
  • Funds are available 24 hours a day, 7 days a week via Internet/Mobile Banking, ATM and eftpos.
  • We pay a competitive interest rate identical to the RBA’s cash rate for balances of $2,000 to $100,000.
  • Competitive Loan and Insurance offerings also available.
  • Your salary must be deposited to your Affinity Saver Account.
  • Balances between $2,000 to $100,000 interest payable determined by the current RBA cash rate and paid monthly.
  • The Affinity Saver is available as part of the Affinity package when either an Affinity Home Loan or an Affinity Car Loan has been approved, if you live or work in the Greater Geelong or Surf Coast regions or have been referred by an existing Geelong Bank customer.’

FAQs

Read our most frequently asked questions below or view all our FAQs.

Geelong Bank is a mutual financial services organisation and as such is owned by its members, each one of whom is a shareholder. Part of the membership process is to open an account.

The Financial Claims Scheme (FCS) is an Australian Government scheme that provides protection and quick access to deposits in banks, building societies and credit unions in the unlikely event that one of these financial institutions fails.

Under the FCS, certain deposits are protected up to a limit of $250,000 for each account holder at any bank, building society, credit union or other authorised deposit-taking institution (ADI) that is incorporated in Australia and authorised by the Australian Prudential Regulation Authority (APRA).

The FCS can only come into effect if it is activated by the Australian Government when an institution fails. Once activated, the FCS will be administered by the Australian Prudential Regulation Authority (APRA).

In an FCS scenario, APRA would aim to pay the majority of customers their protected deposits under the Scheme within seven calendar days.

 

Documents & Forms

Target Market Determination

Affinity Saver Account

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Footnotes:

  • 1 Deposit your salary and enjoy a competitive interest rate identical to the RBA’s cash rate for balances between $2,000 to $100,000