---
title: "Savings Account — Regional Australia Bank"
description: "Transaction & Savings Accounts from Regional Australia Bank. Rates, fees, features and eligibility as published under Australia's Consumer Data Right."
canonical: https://www.cdrcompare.au/brands/regional-australia-bank/products/8fa9fb51-9f4d-4d3f-b586-f9b48c25287d
source: "CDR Compare"
language: en-AU
last_updated: 2026-06-26T00:56:59.676448Z
---

# Savings Account — Regional Australia Bank

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

**Transaction & Savings Accounts**

Earn a boosted introductory interest rate for the first 3 months when you open up our Savings Account.

## At a glance

- **Base rate:** 3.25%
- **Intro rate:** 2.2% (conditions apply)

## Apply

Applications are handled by the provider: [Apply at Regional Australia Bank](https://apply.regionalaustraliabank.com.au/cip/community/p/community/onboarding/application.html)

## Deposit rates

| Type | Rate | Applies to | Interest paid |
| --- | --- | --- | --- |
| Variable (Interest is per annum (p.a.). Interest payable reverts to Base Interest if interest after Introductory period of 90 days.) | 3.25% | — | monthly |
| Introductory · 3 months (Interest is per annum (p.a.). Introductory Variable Interest Rate for the period of 90 days of the first 90 days within opening account.) | 2.2% | — | monthly |

## Fees

| Fee | Type | Amount |
| --- | --- | --- |
| Cheque Deposit Fee — Your first 10 cheque deposits to your membership each month are free, each subsequent deposit will be charged per cheque. | Deposit | $0.50 |
| Direct Debit Dishonour — Where a direct debit request is rejected by us due to insufficient funds in your account a Dishonour Fee will apply. | Dishonour | $5.00 |
| Bank Cheque Fee  — This fee applies when ordering a bank cheque. | Event | $11.00 |
| Access Fee — Charged monthly · The Access Fee is a flat monthly fee which entitles your membership to unlimited withdrawals via EFTPOS, ATMs, Internet, Phone and Mobile Banking. | Ongoing | $0.00 |
| Overlimit Fee — Applies for each day that a Direct Debit or Cheque transaction is debited to a member which results in a deposit or overdraft account being drawn beyond its available balance or limit. | Event | $3.50 |

## Features

- **Notifications** — SMS and email alerts (Track payments with SMS and email alerts.)
- **PayID** (This account can be used as the target of an NPP PayID.)
- **Government Guarantee: Combined balances of up to $250,000 per account holder are guaranteed and secured by the Australian Government.**
- **Digital banking** (Bank 24/7 wherever you are and whenever you want with RAB mobile and internet banking.)
- **Bill payment (BPAY)** — BPAY & Automatic Transfers (Automatic payments can be scheduled to pay your bills and/or split your pay into designated savings accounts.)
- **Unlimited transactions** (Internet, Mobile & Phone Banking transactions.)

## Eligibility

- **Residency status** — Australian Resident (Individuals must be citizens or permanent residents of Australia.)
- **As a customer-owned bank, customers must also become a shareholder of Regional Australia Bank to be eligible to open an account.**
- **The product is only available to new members or existing members transferring funds from another financial institution**

## Constraints

- **Minimum balance** — $1.00 (
A minimum balance of $1 is required to earn interest on this product.)

## More information from Regional Australia Bank

- [Terms & conditions](https://www.regionalaustraliabank.com.au/about-us/corporate-documents)
- [Eligibility](https://www.regionalaustraliabank.com.au/everyday-banking/savings-accounts/saving-account)
- [Fees & pricing](https://www.regionalaustraliabank.com.au/everyday-banking/savings-accounts/saving-account)
- [Bundle information](https://www.regionalaustraliabank.com.au/everyday-banking/savings-accounts/saving-account)

## Data provenance

- Published by Regional Australia Bank under the Consumer Data Right
- Product ID: `8fa9fb51-9f4d-4d3f-b586-f9b48c25287d`
- Last updated by the provider: 26 June 2026
- Source payload (JSON): https://www.cdrcompare.au/api/raw/regional-australia-bank/8fa9fb51-9f4d-4d3f-b586-f9b48c25287d
- Provider page: https://www.cdrcompare.au/brands/regional-australia-bank
- CDR register entry: https://www.cdr.gov.au/find-a-provider?provider=000023

---

Source: [CDR Compare](https://www.cdrcompare.au/brands/regional-australia-bank/products/8fa9fb51-9f4d-4d3f-b586-f9b48c25287d) — 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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