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RaboDirect
 

High Interest Savings Account

The most flexible way to save

Our High Interest Savings Account is a great way to start your savings plan, without changing your everyday banking.

3.50% p.a.* variable

Open a High Interest Savings Account

*Current 4 month introductory variable rate for new personal customers on deposits up to $250,000

Become a smart saver in 3 easy steps

  1. Fill in the simple online application form
  2. Link your everyday bank account with your RaboDirect account
  3. Get easy access to your money through online banking or our Mobile Banking App
Apply now

How our High Interest Savings Account helps you

  • Reach your savings goals faster than you would in your everyday bank account
  • Flexible parking for your money, in case of emergency
  • Access to a set of different savings accounts to suit your changing needs
  • The current 4 month introductory variable rate on our High Interest Savings Account is a great way to kick start your savings
nuts n bolts

The nuts and bolts of High Interest Savings Account


  1. Variable interest rates
  2. Easy set up, online and Mobile Banking App facilities
  3. No fees, no minimum balance, no minimum monthly deposit and no minimum term
  4. Find out more about the HISA 4 month introductory variable rate

Apply now

HISA standard variable rates

Balance

Interest rate (% p.a.)


Up to $250,000
2.55

$250,001 to $1,000,000
2.30

Over $1,000,000
2.30

Information last updated on 11/6/2015

What's my rate?

What’s my rate

To see the exact interest rate your savings are earning right now, log in to online banking and click "view rates" next to your account on the home page.

See all interest rates for Personal Savers

About the High Interest Savings Account intro rate

The 4 month introductory variable rate on our High Interest Savings Account is a great way to kick start the first $250k of your savings

HISA intro variable rates

Interest rate (% p.a.)


4 month additional variable rate
0.95

Standard variable rate
2.55

Total intro rate
3.50

Information last updated on 13/6/2015

Intro Rate FAQs

How does the introductory variable rate work?

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The introductory variable rate is available for accounts opened on or after 15th June for a period of 4 months on balances up to $250,000. 

The portion of account balance greater than $250,000 earns the standard variable rate for that tier.

After the introductory 4 month period, all balances revert to the current standard variable rates.

The introductory variable rate is comprised of the following:

Standard variable rate + 4 month additional variable rate = Introductory variable rate

Who is eligible to receive the introductory variable rate?

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All new customers who opened their HISA account on or after the 15th of June 2015 will receive the introductory variable rate for 4 months.

Can the introductory variable rate change or is it fixed?

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The rate is variable, which means it is subject to change. 

When do I start earning the introductory variable rate?

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The introductory variable rate is applied from the date the account is open.