Up to 2.55 % p.a.
variable rate
up to $250k*

High Interest Savings Account

  • Absolutely no fees, no minimum balance
  • No need to switch banks for your everyday banking

Giving it to you straight

What's my rate?

To see the exact interest rate your HISA balance is currently earning*, log in to online banking and click "view rates" next to your High Interest Savings Account on the home page. You can also view your interest rates by selecting 'View rates' from the 'My quick links' menu on the right hand side.

Have you thought about setting up a Regular savings plan? Just set it up to coincide with your payday. That way, your money is helping you achieve your savings dreams before it reaches your wallet.


Standard variable rate (% p.a.)

Up to $250,000 


$250,001 to $1,000,000 


Over $1,000,000 


Information last updated on 14/05/2015

*Including any special bonus rates which you may be eligible to receive.

*Rates shown are subject to change. Different rates apply to Business, SMSF and Trust accounts.

What are the features and benefits of our High Interest Savings Account (HISA)?

Stealing your dreams back is easy with RaboDirect's High Interest Savings Account

At RaboDirect we want to make your dreams come true, be it a holiday, a house or that sports car
you've always wanted.

  • No fees, no minimum balance and no minimum term
  • Online access to other great savings products, like Notice Saver and Term Deposits
  • Set up a Regular savings plan to reach your goals even quicker
  • Easy set up and online banking facilities
  • Award winning banking - Great interest rates not enough? We were also named 'Savings Institution of the Year' in Smart Investor's 2012 and 2013 Blue Ribbon awards along with a raft of other accolades

See how our great rates compare to other banks

Straight talking from RaboDirect

Because we're straight talking and want the very best for our customers we always aim to offer market leading rates. Check out how we stack up against our competitors.

Rate table compares variable rate accounts which do not require regular monthly deposits
Rates shown in table are based on a $10,000 account balance

Institution Product Special introductory variable rate (% p.a.) Standard Variable Rate (% p.a.) Max Deposit ($) Promotional Period Key Introductory Conditions
( Up to $250,000 )
High Interest Savings Account N/A 2.55* N/A N/A N/A
( $250,001  - $1,000,000 )
High Interest Savings Account N/A 2.30 N/A N/A N/A
( Over $1,000,001 )
High Interest Savings Account N/A 2.30 N/A N/A N/A
ANZ Online Saver
Bank of Melbourne
Maxi Saver
Bankwest Smart eSaver
Bankwest TeleNet Saver
Citibank Online Saver
Citibank Ultimate Saver
Commonwealth Bank
NetBank Saver
Savings Accelerator
Savings Maximiser
Macquarie Bank Macquarie Cash XL
NAB iSaver
Rural Bank One
Personal Saver
St.George Maxi Saver
Everyday Options Sub Acc
Virgin Money
Money Saver

Information accurate as at and subject to change at any time. Rate shown applies to balances up to $250,000 . Rate shown applies to balances between $250,001 and $1,000,000 . Different rates apply to Business, SMSF and Trust accounts.

Comptetitor rate source: CANSTAR CANNEX

Note: Rates shown are as notified to CANSTAR CANNEX during the previous business day.
Financial data provided by Canstar Pty Ltd AFSL 312804. CANSTAR CANNEX's FSG and AFSL disclosure statement apply. RaboDirect has received permission from Canstar Pty Ltd to publish this information and does not endorse or accept responsibility for the accuracy or completeness of the information provided.

The special/promotional rates of other financial institutions may include introductory rates that apply for limited period of time and/or bonus rates (such as bonuses for regular deposits) that apply after satisfying certain conditions. The product information in this table is intended as a guide only and should not be relied upon. For the latest rates, and full terms and conditions of introductory and bonus rates, refer to respective product issuers' websites.

How to open an account

Steal your dreams back in just 3 easy steps

Complete the quick and easy online application form in minutes.

Link your everyday bank account with your High Interest Savings Account.

Throw on your togs and get down to the beach while your savings work harder than you'll ever have to

One sign up, all our products, anytime

As a RaboDirect customer, when you sign up to one of our products you have access to them all. Now that’s convenience.

Call 1800 445 445

We're on track to helping Aussies save smarter and safer

Top FAQs

Can the interest rate change at any time?

The interest rates on our High Interest Savings Accounts are variable. A variable rate means that it is subject to change at any time. We always strive to have competitive rates over the long term. We also show our competitors rates on our website to make it easy for you to compare us with the other banks.

How do I link my account?

Link your account video

All you need to do to link your accounts is transfer money from the same account you specified in your online application form into your RaboDirect account. Please type 'Verify account' in the reference field of this transaction and your account will be linked. Please keep in mind that it can take up to 2 working days for this amount to reach your RaboDirect account. Please make sure your RaboDirect and Linked account are in the same name.