Regional Australia Bank Savings Account
No conditions on the rateIntroductory rate
Earn a boosted introductory interest rate for the first 3 months when you open up our Savings Account.
- Base rate up to
- 3.25%
- Introductory rate
- 5.45% for 3 months
- Maximum balance
- None published
Rate a year, up to
Rates by balance
| Balance | Base rate |
|---|---|
| Any balance | 3.25% |
Who can open it
- Age to open
- Any
- Maximum balance
- None published
Who it's for
- 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.
How it compares
Against the other savings accounts we compare. Typical means the middle half of them.
Most it pays
3.25%
At its best balance, with any bonus. Typical is 3.65%.
Base rate
3.25%
What it pays without a bonus. Typical is 2.40%.
Pros and cons
Pros
- No conditions. You earn the same rate every month, with no deposits to make or withdrawals to avoid.
Cons
- An intro rate. Part of the rate lasts 3 months, then drops, so check again when it ends.
Similar savings accounts
Savings accounts from other banks that pay a similar rate at their best.
- Most it pays
- 3.25%
- Bonus conditions
- None
- Most it pays
- 3.25%
- Bonus conditions
- None
- Most it pays
- 3.25%
- Bonus conditions
- None
