REDISAVINGS
Redisavings is our most popular everyday bank account for adults with a range of access options
- Base rate
- 0.01%
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable | 0.01% | — | monthly |
Fees
| Fee | Type | Amount |
|---|---|---|
| TOTAL_CASH_WITHDRAWAL_ABOVE_4000_PER_DAY A fee of 0.25% of total cash withdrawals is charged for total cash withdrawals over $4000 in a day. | Withdrawal | 0.25% of transaction |
| BULK_COIN_COUNTAGE Up to 2% for bulk coin counting above $300. Fee excludes money boxes & community | Deposit | 2% of transaction |
| DIRECT_DEBIT_DISHONOUR | Event | $9.00 |
| FOREIGN_CHEQUE_DEPOSIT | Transaction | $11.00 |
| FOREIGN_CASH_WITHDRAWAL_FROM_VISA_DEBIT_CARD | Withdrawal | $3.00 |
| VISA_CARD_INTERNATIONAL_TRANSACTION_FEE | Transaction | 3% of transaction |
| STATEMENT_COPY | Event | $2.50 |
| OVERDRAWN_SAVINGS_ACCOUNT per occurence | Event |
Features
- Card access — Visa Debit
- Overdraft available
- Available to eligible members on application. Lending criteria, terms and conditions, fees and charges apply.
- Digital wallet — Apple Pay, Samsung Pay and Google Pay
- 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.
- 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
- Digital banking
- Internet Banking and Mobile Banking App.
Eligibility
- Individuals only
More Information
Published by Horizon Bank under the Consumer Data Right · Last updated 1 February 2026 · Product ID S1_S1001 · View on CDR.gov.au · View Source Data (JSON)