Bendigo Bank
Australia's fifth largest retail bank, rooted in the Bendigo goldfields since 1858
Bendigo, VIC64 Products TrackedRecently updated
4.25%
Best Savings Rate
4.00%
Best TD Rate
5.59%
Lowest Home Loan
64
Products Tracked
Government Deposit Guarantee (FCS)
Deposits up to $250,000 per account holder are protected under the Financial Claims Scheme. This limit is shared across: Bendigo Bank, Adelaide Bank, Up, Great Southern Bank.
About Bendigo Bank
Bendigo Bank is part of Bendigo and Adelaide Bank Limited (ASX: BEN), publicly listed on the ASX. Founded in 1858 on the Bendigo goldfields in Victoria, the group describes itself as Australia's fifth largest retail bank by branch presence, serving over 2.4 million customers with more than 7,000 employees.
Bendigo and Adelaide Bank is an Authorised Deposit-taking Institution (ADI) regulated by APRA. Other brands operating under the same ADI licence include Adelaide Bank, Up, and Great Southern Bank. RatePilot tracks Bendigo Bank's savings accounts, home loans, and term deposits.
Deposits at Bendigo Bank are protected under the Financial Claims Scheme (FCS) up to $250,000 per account holder, per ADI. Customers holding deposits at Adelaide Bank, Up, or Great Southern Bank should note that the FCS limit is shared across all brands under the same ADI licence.
Pros & Cons
✓ Strengths
- +Deposits protected under the Financial Claims Scheme (up to $250,000 per account holder)
- +Publicly listed (ASX: BEN) with over 2.4 million customers
- +Nationwide branch network with community banking model
- +Independently owned — not part of a Big 4 bank
✗ Considerations
- –$250,000 FCS limit is shared with Adelaide Bank, Up, and Great Southern Bank (same ADI licence)
- –Smaller scale than Big 4 banks
Our Verdict
Bendigo Bank is part of Bendigo and Adelaide Bank (ASX: BEN), an independently listed bank group serving over 2.4 million customers. The FCS limit of $250,000 per account holder is shared across the group's brands: Bendigo Bank, Adelaide Bank, Up, and Great Southern Bank. RatePilot tracks savings, home loans, and term deposits.
Last reviewed: 10 February 2026
Recent Rate Changes
No recent rate changes recorded for Bendigo Bank