Geelong Bank Branch will be closed for Easter Public Holidays on:
Friday 7th April and Monday 10th April 2023
Suitable for retail clients who:
Savings Accounts Features
|Funds Available :||1 free withdrawal is permitted per month|
|Personal Cheque Facility :||No|
|Branch Access :||Yes|
|ATM/EFTPOS Access :||No|
|Direct Entry (Credit/Debit) :||Credit Only|
|Interest Calculation :||Calculated daily, paid monthly|
|Balance||Interest Rate (p.a.)|
|$1 or more||0.01% p.a.|
|Earn up to||2.20% p.a.|
Interest calculated daily and paid monthly.
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.
Achieve Savers Account
Speak to a consultant today.
Open a Savings or Transaction Account.