- Kick-start your savings with a bonus introductory variable rate for the first four months (up to $250,000) on top of our standard variable rate
- Ongoing high interest rate to keep your savings growing and you reaching your goals faster
- No need to change your everyday banking
- Three tiers of interest based on your balance
No account keeping fees
No minimum balance 
Interest paid monthly 
Online and mobile banking 
Your first $250,000 is protected by the Australian Government guarantee^ 
Earn
variable rate on your first $250,000.
- The four month introductory variable rate (up to $250,000) is a great way to kick-start your savings
*Current 4 month introductory variable rates for new personal customers on deposits up to $250,000. Rate subject to change.
HISA intro variable rates
Earn
variable rate on your first $250,000.
- The four month introductory variable rate (up to $250,000) is a great way to kick-start your savings
*Current 4 month introductory variable rates for new business customers on deposits up to $250,000. Rate subject to change.
HISA intro variable rates
Earn
variable rate on your first $250,000.
- The four month introductory variable rate (up to $250,000) is a great way to kick-start your savings
*Current 4 month introductory variable rates for new smsf customers on deposits up to $250,000. Rate subject to change.
HISA intro variable rates
Start saving with a High Interest Savings Account
1. Apply using our
online form
2. Link your
everyday account
3. Get our mobile banking app
4. Start your
savings plan
The most commonly asked questions
What is a High Interest Savings Account?
A RaboDirect High Interest Savings Account is the perfect way to get your dreams back on track. You'll get a great variable rate, plus there are no fees, no minimum balance requirements and no sneaky terms and conditions. You can transfer money any time between your Linked account with your other bank and your High Interest Savings Account (HISA). From your HISA you can instantly transfer funds into any of your other RaboDirect accounts.
Intro rate - Can I open more than one HISA
Intro rate - Can I receive the introductory variable rate for my SMSF?
Absolutely, we offer an introductory variable rate for new SMSF customers. Different introductory variable rates apply to SMSF and Personal customers.
Can the interest rate change?
Yes, interest rates offered on our High Interest Savings Account, Purpose Saver, Notice Saver and PremiumSaver are variable and may change. Our Term Deposits have fixed rates.
We'll always let you know when the interest rates change.
When is the interest rate calculated and paid into my account?
Interest is calculated daily throughout the month and is paid into your High Interest Savings Account at the end of each month. You can see the amount of interest you have earned for the previous month on the next months account statement or transaction history.
Can I install the app on more than one phone or tablet?
Yes, you can download and register the RaboDirect Mobile Banking App on up to six devices per account.
How do I transfer funds into my RaboDirect account?
You can transfer funds into your High Interest Savings Account (HISA) using the 'Transfer in' feature if you have allowed direct debit authority on your linked account. You can also transfer funds into any of your RaboDirect HISA or PremiumSaver accounts via electronic funds transfer (EFT) from most Australian accounts using your RaboDirect BSB and Account number.
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