Regional Australia Bank Term Savings Account

Regional Australia Bank Term Savings Account

Min. Opening Deposit

1,000

Account Keeping Fee

0.00

Choose a term to suit you from 1 month to 2 years

  • Competitive interest rates
  • No monthly service fees
  • Invest as little as $1,000

Product details

Whatever you're saving for, this account allows you to set and forget. Deposit a set amount of money and earn a guaranteed interest rate over the life of the term. Choose a term length that suits your savings needs, from as little as 1 month to up to 2 years.

The below rates apply to the lowest balance bracket - if you choose to invest more, you can earn even more interest.

Product Name
Regional Australia Bank Term Savings Account
1 month interest rate
1.55%
3 month interest rate
2.00%
6 month interest rate
2.15%
9 month interest rate
2.15%
12 month interest rate
2.50%
24 month interest rate
2.55%
Min Deposit
$1,000
Max Deposit
$4,999
More
There is no account keeping fees for this account. However, should you need to access your balance before the account matures, you will forfeit a portion of your interest.

Pros

  • Competitive interest rates
  • No monthly service fees
  • Invest as little as $1,000

Cons

  • If you access your balance early, you will loose some of the interest earned.

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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