Savings Account
Earn a boosted introductory interest rate for the first 3 months when you open up our Savings Account.
- Base rate
- 3.25%
- Intro rate
- 2.2%
- conditions apply
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 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 ResidentIndividuals 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
Published by Regional Australia Bank under the Consumer Data Right · Last updated 26 June 2026 · Product ID 8fa9fb51-9f4d-4d3f-b586-f9b48c25287d · View on CDR.gov.au