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Bendigo Bank started life as a building society over 160 years ago and since then has grown to become on the biggest banks in Australia, with one of the most trusted brands.
The bank services 1.9 million customers across 500 Australian locations, has more than 7000 employees and is a top 100 ASX listed company with more than 110,000 shareholders.
In 2007, Bendigo Bank merged with Adelaide Bank and since then has built up a formidable brand network. These brands include Sandhurst Trustees, Leveraged, DelphiBank, Alliance Bank and Rural Bank, all of which have a diverse range of products to meet personal and business customer needs.
Bendigo Bank prides itself on its approach to environment, society and corporate governance (ESG) issues, which is attractive to those looking for ethical banking policies.
Bendigo Bank has a range of products and services including banking products, loans, investing products such as term deposits, managed funds and trading products, insurance products, superannuation, financial advice and funeral bonds.
Bendigo Bank started life as a building society over 160 years ago and since then has grown to become on the biggest banks in Australia, with one of the most trusted brands.
The bank services 1.9 million customers across 500 Australian locations, has more than 7000 employees and is a top 100 ASX listed company with more than 110,000 shareholders.
In 2007, Bendigo Bank merged with Adelaide Bank and since then has built up a formidable brand network. These brands include Sandhurst Trustees, Leveraged, DelphiBank, Alliance Bank and Rural Bank, all of which have a diverse range of products to meet personal and business customer needs.
Bendigo Bank prides itself on its approach to environment, society and corporate governance (ESG) issues, which is attractive to those looking for ethical banking policies.
Bendigo Bank has a range of products and services including banking products, loans, investing products such as term deposits, managed funds and trading products, insurance products, superannuation, financial advice and funeral bonds.
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Variable
Rate 3.44 |
Comparison
Rate 3.41 |
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Variable
Rate 4.79 |
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Rate 4.76 |
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Rate 3.64 |
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Rate 3.61 |
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Rate 4.59 |
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Rate 4.56 |
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Variable
Rate 3.04 |
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Rate 3.29 |
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Variable
Rate 4.39 |
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Rate 4.63 |
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Rate 3.24 |
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Rate 3.49 |
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Rate 4.19 |
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Rate 4.43 |
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Rate 3.44 |
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Rate 3.29 |
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Variable
Rate 4.79 |
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Rate 4.55 |
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Variable
Rate 3.64 |
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Rate 3.49 |
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Variable
Rate 4.59 |
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Rate 4.35 |
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Rate 2.84 |
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Rate 3.09 |
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Rate 4.04 |
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Rate 4.28 |
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Variable
Rate 3.04 |
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Rate 3.29 |
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Variable
Rate 3.84 |
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Rate 4.08 |
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1st year Fixed
Rate 7.79 |
Comparison
Rate. 8.64 |
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1st year Fixed
Rate 12.79 |
Comparison
Rate. 14.89 |
| Max Interest rate($10,000) | Base Interest rate($10,000) 0.35 |
| Max Interest rate($10,000) | Base Interest rate($10,000) 0.60 |
| Max Interest rate($10,000) | Base Interest rate($10,000) 0.55 |
| Max Interest rate($10,000) | Base Interest rate($10,000) 0.60 |
| Max Interest rate($10,000) | Base Interest rate($10,000) |
| Max Interest rate($10,000) | Base Interest rate($10,000) 0.60 |
| Max Interest rate($10,000) 1 | Base Interest rate($10,000) 0.05 |
| Max Interest rate($10,000) | Base Interest rate($10,000) 0.05 |
| Max Interest rate($10,000) | Base Interest rate($10,000) 0.05 |
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90 Days
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1 Yr Paid
Annually |
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90 Days
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1 Yr Paid
Annually |
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90 Days
0.05 |
1 Yr Paid
Annually 0.15 |
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90 Days
0.20 |
1 Yr Paid
Annually 2.25 |
Bendigo Bank has four key banking products including:
Each of these products feature no monthly service fees, e-statement availability, internet and phone banking and options to meet your savings goals.
The PiggySaver is for children under 12 and provides a great way to teach your kids to save. There is no monthly service fee and it comes with a money box and birthday gifts for kids aged 4-10. All you need is $1 to open an account.
The EasySaver account comes with an attractive interest rate, no monthly fees, e-banking transactions and up to two monthly branch withdrawals. All you need is $1 to open an account, however there is no card access with this account. Online, phone and branch access is available. Interest is calculated daily and paid monthly.
Bendigo Bank’s Reward Saver account offers a bonus rate to help you save faster, however the base interest rate is low. The bonus rate is available on balances up to $100,000 as long as eligibility criteria is met. Bonus rates of differing interest rates also apply for 30 years old or under and 31 years old or over. Your bonus kicks in when your end of month balance is greater than the start of the month. This does not include interest deposits. There is no monthly service fee and you only need $1 to open an account. You need an eligible transaction account with same account number as your Reward Saver to access the Bonus rate. This loan is not available to business customers.
Partner with organisations and reach your savings goals at the same time. This account encourages you to donate to charitable organisations. It does so giving you a competitive interest rate on your balance and then letting you decide what percentage you want to gift. You only need $1 to open the account, there are no monthly service fees and a minimum of 10% of interest earned will go to charity or your nominated organisation. Charities include:
Bendigo Bank offers a range of Home Loans and Personal Loans.
There are two home loans:
The Bendigo Bank Complete Home Loan offers a competitive interest rate for those looking to buy a new home or refinance. There are a range of features including full offset on fixed and variable loans, LVR (loan to value ratio) tiered pricing for variable rates, up to 30 year loan terms with five year interest only periods available, weekly, fortnightly or monthly repayments and redraw facility. If considering this loan, you should note that there is a $15 per month service fee.
The Bendigo Bank Express Home Loan gives you full approval for your home loan in three quick easy steps. It only takes hours to get this loan approved, provided you have information such as your identity, financials and the address of the property you want to buy handy. You can apply for this loan online and in real time and can borrow from between $50,000 to $2 million. You should have a 10% deposit. If you don’t, you will be subject to Lenders Mortgage Insurance (LMI). There are four types of interest rates available depending on your circumstances. If you are looking to buy a home quickly, this is the loan for you.
Bendigo Bank offers secured and unsecured personal loans.
If you are looking for a car, a boat or want to refinance an existing loan, Bendigo Bank’s Secured Personal Loan offers a competitive interest rate for a loan term of between one and seven years. There is a free online redraw facility and you can choose to pay fortnightly or monthly. There are no fixed break costs, with an early repayment fee of only $20. However, there is a low application fee and ongoing fees do apply. Note, you do need security against the loan to be eligible.
Similar to Bendigo Bank’s personal loan, the loan term is between one and seven years, there is a free online redraw facility and you can choose to pay fortnightly or monthly. However, this type of loan requires no security. Interest rates are much higher and there is a low application fee and ongoing fees do apply.
Other types of personal loans include:
There are two types of Term Deposit: Standard and Gold. Neither have monthly fees. The minimum deposit for the Standard is $5000 over a minimum term of 12 months, with interest paid on maturity. For the Gold Term Deposit you will need a minimum deposit of $2000 for a minimum investment of 12 months, with interest paid quarterly. You can make additional deposits at any time and withdrawals of up to 25% of your original deposit.
Bendigo Invest Direct has two trading platforms.
Bendigo Banks’s managed fund product is issued by wholly owned subsidiary Sandhurst Trustees Limited. A managed fund can give you leverage into diversified market sectors and the Australian share market. If you Invest over $50,000, you will gain access to Funds with lower management costs.
Bendigo Funeral Bond offers peace of mind. Here’s what you should know:
Bendigo Bank’s superannuation products are also issued by wholly owned subsidiary Sandhurst Trustees Limited. The SmartStart super product is a simple low, cost product designed to help you retire comfortably.