Savings Booster

Put your business surplus money to work when you stick to a savings plan.

 

Features & Benefits

Boosted Interest
Rewards Saving
Set Savings Goals
Instant access to funds
Boosted Interest Rate (up to $250,000)
5.00%p.a1 2
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Boost your surplus money with a competitive interest rate


Introducing the Savings Booster for Business – meticulously crafted to help keep your business moving. By depositing $100 or greater each month, and not making any withdrawals within the month, the Savings Booster gives you a special higher interest rate2 for sticking to your savings plan. It's like a reward for staying on track!

And when you need to use your money, don't worry. You can access it anytime, day or night, through the Internet, Mobile, Phone Banking, or by visiting a branch in person. Your hard-earned money is always ready when you are!

Whether you're saving up for new equipment, a work trip, or to invest in your business, the Savings Booster celebrates your progress and can help get you to your goals quicker!

Product Details

Target Market Determination
Interest Conditions
Deposit at least $100 and don’t make any
withdrawals through the month to receive
boosted interest for that month.
Boosted interest paid on portion of
account balance up to $250,000.2
Interest Frequency
Calculated daily, paid monthly.
End of month rate applies to whole month.
Instant Access to Funds
Yes
Internet and Mobile Banking
Yes
Phone Banking
Yes
Direct Debits and Credits
Credits Only
Branch and Service Support Centre
Yes
Minimum Balance
No
Access Fee
Free
Internet, Mobile and Phone Banking Transactions
Free
Direct Credits
Free
Over the Counter Withdrawal
Free
Direct Debit Dishonour
N/A
Bank Cheque Fee
$11.00
Cheque Deposit
10 Free deposits per month Additional deposits $0.50
Base Interest rate
0.00%p.a
Boosted Interest rate (up to $250,000)
5.00%p.a1 2
Disclaimer

1 Interest rates are on a per annum basis and are current as of today's date and are subject to change. Please note that the interest rate effective at the end of each month applies to the whole month.

2 Interest payable reverts to Base Interest if interest conditions are not met. Base Interest paid on portion of account balance up to $250,000.

This product is not available to associations or trusts. Maximum of one Savings Booster account per member.

Terms, conditions, fees and charges apply. See Fees & Charges for full details.
Please refer to the Product Details, Conditions of Use and Target Market Determination when considering if this product is right for you.
Regional Australia Bank Ltd is the issuer of the product.