Regional Australia Bank Saving Account
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- Maximum variable rate
- 4.50% p.a.
- Base interest rate
- 2.50% p.a.
Summary
This savings account offers interest on your full balance each month with no conditions to meet.
This account offers an introductory variable bonus rate of 4.5% p.a. for the first 3 months for new accounts. After the introductory period, you’ll earn an ongoing variable rate of 2.5% p.a. without having to meet any conditions.
This account could suit you if you’re looking for a set-and-forget option to grow your savings without having to jump through any hoops.
Pros
-
Competitive introductory variable rate
-
No monthly deposit conditions or withdrawal restrictions
-
Earn interest on your entire balance
Cons
-
Ongoing variable rate is lower than others in the market
Details
Product details
| Product Name | Regional Australia Bank Savings Account |
| Maximum Variable Rate | 4.50% p.a. |
| Standard Variable Rate | 2.50% p.a. |
| Monthly Account Fee | $0 |
| Minimum Age | 18 |
How to apply
Complete the online application to create a new account in minutes. You'll also become a member of the bank when you open an account, with a cost of $1.
Eligibility
- You need to be an Australian resident
- You need to be at least 18 years old
- You'll need at least 2 of the following forms of ID: Australian passport, driver's licence or Medicare card.
Sources
Your reviews
Alison Finder
Editorial Manager, Money
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