Regional Australia Bank Savings Booster Account

Regional Australia Bank Savings Booster Account

Maximum Variable Rate

2.65

Standard Variable Rate

0.00

Earn bonus interest rate of 2.65% p.a. by simply depositing $100 a month and making no withdrawals.

  • Internet and mobile banking
  • Instant access to funds
  • Boosted interest of 2.65% p.a.

Product details

This account is designed to help you save, offering a high bonus interest rate as an incentive to stick to your savings goals. Simply deposit a small amount each month and make no withdrawals, and you'll receive the high bonus interest rate!

Rest assured that if you do need to access your cash for an emergency or unexpected cost, you can, it just means you forfeit your interest for that month.

Product Name
Regional Australia Bank Savings Booster Account
Maximum Variable Rate
2.65% p.a.
Standard Variable Rate
0.00% p.a.
Bonus Variable Rate
2.65% p.a.
Monthly Fee
$5
Minimum Opening Deposit
$0
Minimum monthly deposit for bonus interest rate
$100
Internet Banking
Yes
Internet Transaction Fee
$0
Phone Banking
Yes
Phone Transaction Fee
$0
Maximum Age Requirement
No Maximum Age
Deposit at least $100 and don’t make any withdrawals through the month to receive maximum interest for that month. There is also a monthly access fee charged to this account, which is waived if you're under 18 or you have over a certain balance of funds in your Regional Australia Bank membership.

Pros

  • Internet and mobile banking
  • Instant access to funds
  • Boosted interest of 2.65% p.a.

Cons

  • You must deposit a minimum of $100 each month to earn interest
  • Limited branch network

You need to become a member of Regional Australia Bank in order to open an account. Do this by phoning the bank or visiting one of its branches. Alternatively, you can fill in an enquiry form on Regional Australia Bank’s website and a member of their team will get in touch to help you open an account.

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