HORIZON DIRECT
Horizon Direct is our online savings account that attracts a higher interest rate than a normal savings account, because you manage it online without branch assistance or branch access.
- Base rate
- 3.25%
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable | 14.95% | — | — |
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable | 3.25% | — | monthly |
Fees
| Fee | Type | Amount |
|---|---|---|
| DIRECT_DEBIT_DISHONOUR | Event | $9.00 |
| FOREIGN_CHEQUE_DEPOSIT | Transaction | $11.00 |
| OVERDRAWN_SAVINGS_ACCOUNT per occurence | Event | $20.00 |
| STATEMENT_COPY | Event | $2.50 |
Features
- Digital banking
- Internet Banking and Mobile Banking App.
- Real-time payments (NPP)
- This account type is enabled for Osko payments, via the New Payments Platform (NPP). Osko is the faster way to pay or receive money from friends, family and businesses. No more waiting days for money to change hands. Now you can pay and be paid in a matter of seconds
- PayID
- Create a PayID through Horizon Bank s Internet Banking or Mobile Banking App to receive Osko payments with a unique identifier, such as your mobile number or email address, enabling you to receive and send money securely without the need to remember complex banking details.
- anage payments from your bank account using PayTo.
- Bill payment (BPAY) — BPAY
- BPAY is an electronic bill payment service, providing a convenient access point for the payment and receipt of consumer bills.
Eligibility
- Individuals only
More Information
Published by Horizon Bank under the Consumer Data Right · Last updated 30 June 2026 · Product ID S10_S100001 · View on CDR.gov.au · View Source Data (JSON)