Horizon BankHORIZON DIRECT
Horizon Direct is our online savings account that attracts a higher interest rate than a normal savings account, because you manage it online without branch assistance or branch access.
At a glance
- Base rate
- 3.50%
How it compares
This account in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.
| Rate | This account | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| No bonus conditionsPaid whatever you deposit or spend | 3.50% | 4.80%MoveBank's Online Saver | 2.25%of 61 institutions | 17th highest of 61, level with 2 others |
Rates
Every rate Horizon Bank publishes for this account, 2 in all.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | - | - | - | 14.95% | - | - |
| Variable | - | - | - | 3.50% | - | paid every 1 mo |
Rate changes
19 changes logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 7 Nov 2026 | Variable | 3.25% | 3.50% | up 0.25 |
| 6 Nov 2026 | Variable | 3.50% | 3.25% | down 0.25 |
| 5 Nov 2026 | Variable | 3.25% | 3.50% | up 0.25 |
| 4 Nov 2026 | Variable | 3.50% | 3.25% | down 0.25 |
| 2 Nov 2026 | Variable | 3.25% | 3.50% | up 0.25 |
| 31 Oct 2026 | Variable | 3.50% | 3.25% | down 0.25 |
| 30 Oct 2026 | Variable | 3.25% | 3.50% | up 0.25 |
| 29 Oct 2026 | Variable | 3.50% | 3.25% | down 0.25 |
| 28 Oct 2026 | Variable | 3.25% | 3.50% | up 0.25 |
| 27 Oct 2026 | Variable | 3.50% | 3.25% | down 0.25 |
| 26 Oct 2026 | Variable | 3.25% | 3.50% | up 0.25 |
| 25 Oct 2026 | Variable | 3.50% | 3.25% | down 0.25 |
| 21 Oct 2026 | Variable | 3.25% | 3.50% | up 0.25 |
| 19 Oct 2026 | Variable | 3.50% | 3.25% | down 0.25 |
| 18 Oct 2026 | Variable | 3.25% | 3.50% | up 0.25 |
| 17 Oct 2026 | Variable | 3.50% | 3.25% | down 0.25 |
| 16 Oct 2026 | Variable | 3.25% | 3.50% | up 0.25 |
| 15 Oct 2026 | Variable | 3.50% | 3.25% | down 0.25 |
| 14 Oct 2026 | Variable | 3.25% | 3.50% | up 0.25 |
Each change is logged the night it appears in the rates Horizon Bank publishes. See how every lender answered the RBA on the rate tracker.
Fees
4 fees published, grouped by when they're charged.
When you make a transaction1
- FOREIGN_CHEQUE_DEPOSIT$11
When particular things happen3
- DIRECT_DEBIT_DISHONOUR$9
- OVERDRAWN_SAVINGS_ACCOUNT
per occurence
$20 - STATEMENT_COPY$2.50
Features
- anage payments from your bank account using PayTo.
Eligibility and limits
- Available to individuals
Compare it with others
Put this product through a calculator
Published by Horizon Bank under the Consumer Data Right, last changed by them on 4 Nov 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.