Real solutions to grow your organisation

Income for not-for-profits is not always guaranteed, so building reserves is important.

Our savings options range from traditional term deposits, to savings accounts designed for organisations looking to make a positive impact with their banking.

Social Investment Deposit Account


For community minded individuals and organisations looking for a responsible deposit account that also contributes to social change. Your savings can make a real impact through our Social Investment Grants Program.

Community Sector Banking’s Social Investment Deposit Account has been certified by the Responsible Investment Association Australasia (RIAA)  according to the strict disclosure practices required under the Responsible Investment Certification Program.


star Features
star Features
Access to funds as needed
$1 minimum to open
Internet banking available
Phone banking available
Transaction fee rebate available
Interest calculated daily and credited monthly
Choose to donate 0%, 50% or 100% of the interest you earn to the Social Investment Grants Program
fees Fees
fees Fees
Account service FREE
Direct debit FREE
Withdrawals from 40c
Transfers from 40c
Refer to the fees & charges document for more information
percent Rates
percent Rates
Current interest rate 0.15% pa
Youth Projects - 2016 Grant Recipient
Melbourne, VIC
Real impact

Like you, we’re passionate about the community. That’s why we developed the Social Investment Deposit Account – to help contribute to social change through our grants program.

Popular Questions

You can open this account in your local Bendigo Bank branch or you can complete the relevant form and send it to our Customer Service and Engagement team.

For individuals:
If you are opening an account as an individual, you will need the 'New Customer (Individual) Account Opening Form', the 'Certified Identification Form (CID)' and the 'Social Investment Deposit Account Nomination of Rate of Return Form'.

For organisations:
You will need the 'Business Customer Account Opening Form' and the 'Social Investment Deposit Account Nomination of Rate of Return Form'.

Each signatory, Beneficial owner/controller, signing directors/board members, will be required to present identification at their local Bendigo Bank branch or alternatively have a JP (or other authorised certifier) certify identification and complete the 'Certified Identification Form'.

If any of these people are already a customer of Bendigo Bank, they just need to provide us with their account number to link their identification to.

We will also require business documentation, this will be dependent on the type of organisation.

For Incorporated & Unincorporated Associations:
Meeting minutes that state the following information:-
• The date of the meeting
• State the full name of the association that the account is being opened in

For Incorporated Associations:
For incorporated associations we will be required to complete an ASIC search. If the organisation isn’t registered with ASIC you will need to provide us with an original, certified copy or extract of the rules or constitution of the organisation.

For Trusts:
An original or Certified Copy of the Full Trust deed and latest Original or certified copy of the Amendment to Trust. We will also require identification for one at least one trustee.

For Companies:
No further business documentation required - we will complete a company search on your behalf.

For any other types of organisations, please contact our Customer Service & Engagement team on 1300 CSBANK (1300 272 265) for our business documentation requirements.

While we encourage donations of interest, it is not compulsory. You can choose to donate 0%, 50% or 100% of the interest earned on your account.

Each year Community Sector Banking pools the donated funds to grant to not-for-profits across Australia on your behalf, creating real impact within communities.

Donations are tax deductible, and each year you'll receive a tax receipt outlining your donation. You can choose to donate 0%, 50% or 100% of the interest earned on your account. Simply contact our Customer Service and Engagement team.

The cheque book facility is available however we do not offer cards on the SIDA account as it is not a transactional account.

Your rebate covers transactional fees on your account; cheques, transfers etc. It does not cover Bulk Payments, card fees or dishonour/rejection fees. Refer to the 'Business. Fees and Charges' or 'Schedule of Fees, Charges and Transaction Account Rebates' document (under Personal Accounts) in the Terms and Conditions section above for more information.

No, the rebate on the Social Investment Deposit Account is non-negotiable as it is designed as a savings account not a transactional account.

More information can be found in our frequently asked questions by clicking here.

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