Adelaide Bank savings and bank accounts

Adelaide Bank offers personal bank accounts, savings account and term deposit accounts to members in the SA community.

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Must read: Important information

On June 30, 2024, the Everyday accounts and Term Deposit products were removed from sale. This information is for existing Everyday account and Term Deposit product holders only.

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Product Finder Score Maximum Variable Rate p.a. Base interest rate Intro/Ongoing Government Guarantee Monthly Max Rate Conditions
Rabobank logo
Finder score
8 Great
Rabobank High Interest Savings Account
Finder score
8 Great
Maximum Variable Rate p.a.
5.15%
Standard Variable Rate p.a.
3.70%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Balances up to $250,000
Earn a high interest rate of 5.15% for the first 4 months and then 3.7% thereafter, with $0 account keeping fees and no monthly balance requirements.
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Macquarie Bank logo
Finder score
9 Excellent
Macquarie Savings Account
Finder score
9 Excellent
Maximum Variable Rate p.a.
4.85%
Standard Variable Rate p.a.
4.50%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Balances up to $250,000
Earn a welcome variable rate of 4.85% p.a. for the first 4 months on balances up to $250k, then 4.5% p.a. ongoing variable rate on balances up to $1m. There are no monthly requirements to earn interest.
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Suncorp Bank logo
Finder score
8.9 Great
Suncorp Bank Growth Saver Account
Finder score
8.9 Great
Maximum Variable Rate p.a.
4.55%
Standard Variable Rate p.a.
0.15%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow balance by $200 each month (excl. interest)
  • Only 1 withdrawal
  • No balance limit on earning interest
Get a solid interest rate on your entire balance, with minimal conditions in order to get the max rate. This account doesn’t offer card access but you can make 1 withdrawal per month & grow your net balance by $200 (excl. interest) to earn the max rate.
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Ubank logo
Finder score
9.3 Excellent
Ubank Save Account
Finder AwardExclusive
Finder score
9.3 Excellent
Maximum Variable Rate p.a.
4.85%
Standard Variable Rate p.a.
0.00%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $500
  • Savings up to $100,000

Use code FINDER20 to score $20 after 5 card purchases in your first 30 days. See terms link on the app store.

Earn an ongoing bonus rate of 4.85% p.a. by simply depositing $500 per month. You can make withdrawals and still earn bonus interest.

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ING logo
Finder score
8.6 Great
ING Savings Accelerator ($150,000 - $500,000)
Most Loved
Finder score
8.6 Great
Maximum Variable Rate p.a.
4.95%
Standard Variable Rate p.a.
4.20%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Welcome rate applies up to $500K
Ideal for higher balances, savers can earn up to 4.95% for the first 4 months and up to 4.2% thereafter. There are no conditions and $0 account-keeping fees.
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Newcastle Permanent logo
Finder score
7.9 Great
Newcastle Permanent Smart Saver Account
Finder score
7.9 Great
Maximum Variable Rate p.a.
4.00%
Standard Variable Rate p.a.
0.05%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow balance
  • No more than 2 withdrawals
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BCU Bank logo
Finder score
9.3 Excellent
BCU Bank Boss Saver
Finder score
9.3 Excellent
Maximum Variable Rate p.a.
4.90%
Standard Variable Rate p.a.
0.45%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $500
  • 5 Access Account debit card purchases
  • Balance under $100,000
Earn an ongoing 4.9% p.a. when you deposit $500 per month and make 5+ card payments from your BCU Bank Access Account each month. You can make withdrawals and still earn bonus interest.
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P&N Bank logo
Finder score
9.3 Excellent
P&N Bank Savvy Saver
Finder score
9.3 Excellent
Maximum Variable Rate p.a.
4.90%
Standard Variable Rate p.a.
0.45%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $500
  • 5 Access Account debit card purchases
  • Balance under $100,000
Get 4.9% p.a. ongoing when you deposit $500 and make 5 debit card purchases per month. Make withdrawals and still earn bonus interest.
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ING logo
Finder score
9.5 Excellent
ING Savings Maximiser
Most Loved
Finder score
9.5 Excellent
Maximum Variable Rate p.a.
5.00%
Standard Variable Rate p.a.
0.05%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $1,000
  • 5 transactions
  • Grow your balance
  • Balances up to $100,000
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BCU Bank logo
Finder score
3.2 Basic
BCU Bank Bonus Saver
Finder score
3.2 Basic
Maximum Variable Rate p.a.
4.50%
Standard Variable Rate p.a.
0.20%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • N/A
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Westpac logo
Finder score
9.5 Excellent
Westpac Life (18-29 year olds only)
Finder score
9.5 Excellent
Maximum Variable Rate p.a.
5.00%
Standard Variable Rate p.a.
0.40%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Make a deposit
  • Grow your balance
  • 5 debit card purchases
  • Balances up to $30,000
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P&N Bank logo
Finder score
3.2 Basic
P&N Bank Hi Saver Account
Finder score
3.2 Basic
Maximum Variable Rate p.a.
4.50%
Standard Variable Rate p.a.
0.20%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • N/A
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How the Finder Score helps you find a better savings account

The Finder Score is a simple score out of 10. The higher a savings account's score, the better we think it is for the average customer.

We score each savings account in our database of hundreds based on a data-driven methodology with 2 main criteria: Does the account offer a high interest rate? And is it easy for savers to actually earn that rate?

Read the full Finder Score breakdown

Quick facts about Adelaide Bank

  • Adelaide Bank was established in 1994 as an innovative community bank.
  • In 2007 it merged with Bendigo Bank, another community bank, to find more ways to benefit its customer shareholders around Australia.
  • Together Bendigo and Adelaide Bank form one of Australia's larger banks, giving Adelaide Bank the security of a high-investment security rating in addition to a government deposit guarantee.

What are the pros and cons of banking with Adelaide Bank?

The main downside of the Adelaide Bank accounts (different from Bendigo and Adelaide Bank accounts) is that they are exclusively for existing home loan customers only. The options are also limited to a single versatile account for each account type, rather than a wide range of different account options, often offered by other providers.

Pros

  • Simple account options
  • Accessible accounts with low minimum deposits
  • Local bank for the SA community, but backed by a larger bank

Cons

  • Only available to existing Adelaide Bank home loan customers
  • Only one account option for each type
  • Deposit rates are lower than what you can earn elsewhere

How do I apply for an Adelaide Bank account?

To open an account, get in contact with Adelaide Bank either over the phone or online. In order to apply, you will need to have a home loan with Adelaide Bank and will therefore generally also need to:

  • Be at least 18
  • Be a resident of Australia
  • Have secured residential address

If you haven't found what you're looking for yet, you can compare a wide range of additional savings accounts and bank accounts from other providers with Finder.

Compare other products from Adelaide Bank

Alison Banney's headshot
Written by

Editorial Manager, Money

Alison is an editor at Finder and a personal finance journalist with over 10 years of experience, having contributed to major financial institutions and publications such as Westpac, Money Magazine, and Yahoo Finance. She is frequently quoted in media outlets like SmartCompany and SBS, offering expert insights on superannuation and money management. Alison holds a Bachelor of Communications in Public Relations and Journalism from the University of Newcastle, and has earned three ASIC RG146 certifications in superannuation, securities and managed investments and general financial advice, ensuring her expertise is fully aligned with ASIC standards. See full bio

Alison's expertise
Alison has written 649 Finder guides across topics including:
  • Superannuation
  • Savings accounts, bank accounts and term deposits
  • Budgeting and money-saving hacks
  • Managing the cost of living
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