Regional Australia Bank
Savings Account
Earn a boosted introductory interest rate for the first 3 months when you open up our Savings Account.
Savings & transaction accountsBank updated 26 June 2026
At a glance
- Base rate
- 3.25%
- Intro rate
- 2.20% for 3 mo
- Monthly fee
- $0
§ 01 — Rates · 2
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| IntroductoryInterest is per annum (p.a.). Introductory Variable Interest Rate for the period of 90 days of the first 90 days within opening account. | — | 3 mo intro | — | 2.20% | — | paid every 1 mo |
| VariableInterest is per annum (p.a.). Interest payable reverts to Base Interest if interest after Introductory period of 90 days. | — | — | — | 3.25% | — | paid every 1 mo |
§ 02 — Fees · 5
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Cheque Deposit Fee | Deposit | $0.50 | — | Your first 10 cheque deposits to your membership each month are free, each subsequent deposit will be charged per cheque. |
| Direct Debit Dishonour | Dishonour | $5 | — | Where a direct debit request is rejected by us due to insufficient funds in your account a Dishonour Fee will apply. |
| Bank Cheque Fee | Event | $11 | — | This fee applies when ordering a bank cheque. |
| Overlimit Fee | Event | $3.50 | — | 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. |
| Access Fee | Periodic | No fee | Every 1 mo | The Access Fee is a flat monthly fee which entitles your membership to unlimited withdrawals via EFTPOS, ATMs, Internet, Phone and Mobile Banking. |
§ 03 — Features
PayIDDigital bankingUnlimited transactions
- · Government Guarantee: Combined balances of up to $250,000 per account holder are guaranteed and secured by the Australian Government.
§ 04 — Eligibility & limits
- · Residency: Australian Resident
- · Minimum balance $1
- · 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
§ 05 — Compare
§ 06 — Run the numbers
Put this product through a calculator
Published by Regional Australia Bank under the Consumer Data Right, last changed by them on 26 June 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.