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This is a savings account that offers competitive, tiered interest rates on your balance. This means that the more you save, you will be rewarded with a higher interest rate. There is no minimum deposit required, so you can get started and kick start your savings today. The below rates are for the top balance bracket.
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Product Name | Regional Australia Bank Internet Maximiser |
---|---|
Maximum Variable Rate | 0.5% p.a. |
Standard Variable Rate | 0.15% |
Monthly Account Fee | $5 |
Minimum Opening Deposit | $0 |
The monthly access account fee is waived if you meet the minimum account balance requirement, or make no withdrawals in the month. It is also waived if you're under the age of 18.
Take advantage of unlimited free internet and mobile banking with this account, however be aware that international transaction fees do apply.
Interest on this account is calculated daily and paid monthly.
Review by
Alison Banney is the banking and investments editor at Finder. She has written about finance for over six years with her work featured on sites including Yahoo Finance, Money Magazine and Dynamic Business.
You get the best of both worlds with this account - you earn competitive interest on your balance and aren't penalised if you need to access your savings.