RAMS Saver Account
- Maximum variable rate
- 1.40% p.a.
- Base interest rate
- 0.1%p.a.
- Minimum deposit
- $200
Our verdict
You can earn a bonus interest rate of 1.4% when you deposit $200 and make no withdrawals.
The total bonus rate available with this savings account is much lower than many other accounts in the market at the moment, and the eligibility criteria and conditions are also quite strict. You need to deposit $200 per month, make no withdrawals and also be an existing RAMS Home Loan customer. If you've got all your banking with RAMS and like to keep your finances together in the one place for ease of use, this account could be suited to you. Otherwise, you can earn a lot more interest elsewhere.
Pros
-
$0 account keeping fee
-
Competitive interest rate
Cons
-
Cannot withdraw if you want the bonus rate
-
Minimum deposit requirements
-
No branches available
Details
Key details
| Product Name | RAMS Saver Account - DISCONTINUED |
| Maximum Variable Rate | 1.40% p.a. |
| Standard Variable Rate | 0.10% p.a. |
| Monthly Account Fee | $0 |
| Minimum Opening Deposit | $0 |
| Minimum Age | 18 |
Your reviews
Staff Finder
Writer
Hi there, looking for more information? Ask us a question.
You are about to post a question on finder.com.au:
- Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
- finder.com.au is a financial comparison and information service, not a bank or product provider
- We cannot provide you with personal advice or recommendations
- Your answer might already be waiting – check previous questions below to see if yours has already been asked
Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our 1. Terms Of Service and 6. Finder Group Privacy & Cookies Policy.
This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.
Jhezelyn Finder
January 07, 2019
Hello Lindsay,
Thank you for your comment.
To open a RAMS Saver account, just click the Open A RAMS Saver button found on the RAMS website. Please ensure that you meet the eligibility criteria before submitting an application to apply. Please refer to the criteria above.
Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.
Regards,
Jhezelyn
Show more Show less
Fiona
September 03, 2018
What do you have to offer under 18s? 10 and 12yrs to be specific
John Basanes Finder
September 03, 2018
Hi Fiona,
Thank you for leaving a question.
RAMS savings account is currently being offered to Australian residents who are aged 18 or over. You must have an Australian residential address and be able to provide an e-mail address as well as an Australian mobile phone number. Hope this helps.
Cheers,
Reggie
Show more Show less
Roy
August 30, 2018
I have $225,000 looking for the highest interest savings account?
QJhezelyn Finder
August 30, 2018
Hello Roy,
Thank you for your comment.
As of this writing, the three high-interest rates savings account goes to RaboDirect High Interest Savings Account with 3.05%, next is Bank of Queensland WebSavings Account with 2.90% and next is ING Savings Maximiser with 2.80%.
Should you wish to have real-time answers to your questions, try our chatbox on the lower right corner of our page.
Regards,
Jhezelyn
Show more Show less
Tony
August 01, 2018
Is it true the 3% interest rate is only available to a maximum of $20000 and if I exceed $20000, do I continue to receive 3% on my savings and what rate applies to amounts in excess of $20000?
Jhezelyn Finder
August 01, 2018
Hello Tony,
Thank you for your comment.
The 3% interest rate is the maximum you can get (combined 1.35% p.a Standard Variable Rate and 1.65% p.a. Bonus Variable Rate) when you deposit at least $200 each month, make no withdrawals, and as long as your account balance will not exceed $500,000 and does not fall below $200.
To answer your question above, it is not true.
Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.
Regards,
Jhezelyn
Show more Show less
Theo
July 30, 2018
Can I use this RAMS Saver Account for money in a super fund?
Nikki Angco
July 31, 2018
Hi Theo!
Thanks for getting in touch!
Unfortunately, the RAMS Savers account cannot be used for a superannuation fund. For more information, you can visit the website of RAMS and check their FAQ page.
Hope this helps!
Regards,
Nikki
Lindsay
January 07, 2019
How do I go about opening a RAMS Saver Account?