In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Your reviews
  • Ask a question

Regional Australia Bank Term Savings Account

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Regional Australia Bank Term Savings Account
Interest rate 6 months interest rate
Up to 4.75% p.a.
Minimum opening deposit
$1,000
Account keeping fee
$0
Maximum deposit
$500,000

Summary

Choose a term to suit you from 1 month to 5 years

Whatever you're saving for, this account allows you to set and forget. Deposit a set amount of money and earn a guaranteed interest rate over the life of the term. Choose a term length that suits your savings needs, from as little as 1 month to up to 5 years.

Pros

  • Competitive interest rates
  • No monthly service fees
  • Invest as little as

Cons

  • If you access your balance early, you will loose some of the interest earned.

In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Your reviews
  • Ask a question

Details

Key details

Product Name Regional Australia Bank Term Savings Account
3 month interest rate 3.60%
4 month interest rate 4.35%
6 month interest rate 4.75%
9 month interest rate 4.55%
12 month interest rate 4.55%
24 month interest rate 3.75%
36 month interest rate 3.70%
48 month interest rate 3.75%
60 month interest rate 3.80%
Minimum Opening Deposit $1,000
Government guarantee Yes

Eligibility

Joint account availability No
Min Deposit $1,000
Available to children No minimum age

Key features

There is no account keeping fees for this account. However, should you need to access your balance before the account matures, you will forfeit a portion of your interest.


How to apply

You need to become a member of Regional Australia Bank in order to open an account. Do this by phoning the bank or visiting one of its branches. Alternatively, you can fill in an enquiry form on Regional Australia Bank's website and a member of their team will get in touch to help you open an account.

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