---
title: "REDISAVINGS — Horizon Bank"
description: "Transaction & Savings Accounts from Horizon Bank. Rates, fees, features and eligibility as published under Australia's Consumer Data Right."
canonical: https://www.cdrcompare.au/brands/horizon-bank/products/S1_S1001
source: "CDR Compare"
language: en-AU
last_updated: 2026-02-02T09:42:03.000+11:00
---

# REDISAVINGS — Horizon Bank

> Transaction & Savings Accounts from Horizon Bank. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare.

**Transaction & Savings Accounts · HORIZON BANK**

Redisavings is our most popular everyday bank account for adults with a range of access options

## At a glance

- **Base rate:** 0.01%

## Apply

Applications are handled by the provider: [Apply at Horizon Bank](https://horizonbank.com.au/forms/savings-account-or-term-deposit-application/)

## 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 | $20.00 |
| VISA_CARD_REPLACEMENT — Australia only | Event | $9.00 |

## 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.)
- **Bill payment (BPAY)** — BPAY (BPAY  is an electronic bill payment service, providing a convenient access point for the payment and receipt of consumer bills.)
- **Manage payments from your bank account using PayTo.**
- **Unlimited transactions** (No transaction fees apply although fees may apply for large cash withdrawals or deposits.)

## Eligibility

- **Individuals only**

## More information from Horizon Bank

- [Overview](https://horizonbank.com.au/savings/everyday-accounts/redisavings/)
- [Terms & conditions](https://horizonbank.com.au/more/important-info/disclosure-documents/)
- [Fees & pricing](https://horizonbank.com.au/more/important-info/fees-and-charges/)

## Data provenance

- Published by Horizon Bank under the Consumer Data Right
- Product ID: `S1_S1001`
- Last updated by the provider: 1 February 2026
- Source payload (JSON): https://www.cdrcompare.au/api/raw/horizon-bank/S1_S1001
- Provider page: https://www.cdrcompare.au/brands/horizon-bank
- CDR register entry: https://www.cdr.gov.au/find-a-provider?provider=000211

---

Source: [CDR Compare](https://www.cdrcompare.au/brands/horizon-bank/products/S1_S1001) — product data published by Australian data holders under the Consumer Data Right. Not financial advice; no rankings, recommendations or affiliate relationships. Always confirm details with the provider.

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