RAMS Saver Account

Receive an interest rate of 0.15% when you deposit $200 and make no withdrawals.

RAMS offers online savings accounts and bank accounts. As part of the Smart Investor Blue Ribbon Awards, 2013, this account was the winner in the Best Online Saver Account category. For a breakdown of how to get the maximum variable rate, please see below.

0.15% p.a.

Maximum variable rate


Base interest rate


Minimum deposit

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Product NameRAMS Saver Account
Maximum Variable Rate0.15% p.a.
Standard Variable Rate0.10% p.a.
Monthly Account Fee$0
Minimum Opening Deposit$0
Minimum Age18

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Shirley Liu is Finder's global program manager. She was previously the publisher for banking and investments and has also written comparisons for energy, money transfers, Uber Eats and many other topics. Shirley has a Master of Commerce and a Bachelor of Media, Journalism and Communications from the University of New South Wales. She is passionate about helping people find the best deal for their needs.

Expert review

This account currently offers one of the most competitive interest rates in the industry.

Key features

Maximum variable rate of 0.15% when you deposit at least $200 that month and make no withdrawals

You must also keep your balance between $200 and .

Otherwise a standard variable rate of 0.1% p.a. applies

If you don't meet the deposit, balance or withdrawal requirements, then the funds in your account earn the standard variable rate. Don't worry, if you meet the requirements in the next months, you will receive the bonus interest again. The interest rate is variable. This means it could change according to the movements of the RBA cash rate.

Launch savings calculator

How to apply


It takes just 10 minutes to sign up online (with online ID verification). Bear in mind you have to meet the following eligibility criteria.

  • You are an Australian resident for taxation purposes
  • You have an Australian residential address


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    Default Gravatar
    January 7, 2019

    How do I go about opening a RAMS Saver Account?

      Avatarfinder Customer Care
      January 8, 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.


    Default Gravatar
    September 3, 2018

    What do you have to offer under 18s? 10 and 12yrs to be specific

      Avatarfinder Customer Care
      September 4, 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.


    Default Gravatar
    August 30, 2018

    I have $225,000 looking for the highest interest savings account?

    Default Gravatar
    August 1, 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?

      Avatarfinder Customer Care
      August 1, 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.


    Default Gravatar
    July 30, 2018

    Can I use this RAMS Saver Account for money in a super fund?

      Default Gravatar
      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!


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