RaboDirect High Interest Savings Account

Headline interest rate p.a.
Monthly fee
Account type
Editor choice

Moneybuddy says

The RaboDirect High Interest Savings Account offers a 3.20% p.a interest rate. Interest is calculated daily and paid monthly. There is no minimum balance and high levels of security.

The Basics

Interest paid Monthly

Interest calculated Daily

Headline interest rate p.a. 3.20%

Monthly fee $0

Account type Savings

The cool stuff: features

ATM access No

EFTPOS access -

Branch access No

Internet Banking -

Age restrictions -

Cheque book facility -

Debit card No


GiroPost -

Phone access -

The Facts & Figures

Balance less than $1k (p.a.) 3.20%

Balance less than $5k (p.a.) 3.20%

Balance less than $25k (p.a.) 3.20%

Balance greater than $100k (p.a.) 3.20%

Min. balance $0

Min. opening deposit $0

Number of free elect transactions per month -

The ugly stuff: fees

Other bank ATM fee -

EFTPOS transaction fee -

Branch assistance fee -

All product information comes from the product provider or an affiliate and to the best of our knowledge is correct at time of publishing. MoneyBuddy endeavours to keep product information up to date however we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. We recommend that you check the accuracy of all information provided on this website with the product provider. MoneyBuddy earns a referral fee from redirecting website users to a product provider's website. Further details are provided in relation to specific product information. Website users have no obligation to apply for a product or service that they may be referred to by this website.

Warning: These comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

RaboDirect says

The major banks and their low interest accounts are stealing your dreams. Steal them back with RaboDirect. 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

Key features

  • 4.76% p.a. variable rate on every dollar in your account for 4 months
  • Over $250k attracts a reduced interest rate
  • No sneaky terms and conditions
  • No fees
  • Your money available at call
  • From Australia's safest bank


  • No fees
  • No minimum balance
  • Ongoing variable rate of 3.20% p.a


  • Over $250k attracts a slightly reduced interest rate

Terms & conditions

Reasonable efforts are made to maintain accurate information. However, information is presented without warranty. When you click on the "apply online" link you will have an opportunity to review the savings account terms and conditions on the savings account issuer's web site.


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