• How the bonus interest works

  • RAMS Saver account interest rates

    Balance amount
    Variable base interest 
    Variable bonus interest
    Total variable interest
    Up to $250,000 1.80% p.a. 1.60% p.a.1  3.40% p.a.
    $250,001-$500,000 1.50% p.a. 1.60% p.a.1 3.10% p.a.
    $500,001-$5 million 1.50% p.a. 0 1.50% p.a.
    1Deposit at least $200 each month and make no withdrawals
  • Interest is calculated on the daily closing balance of your account using the formula.  No interest is payable on balances above $5 million
  • Manage everything online using myRAMS

    Deposit funds

    • EFT- transfer funds from any Australian bank
    • Direct credit - e.g. have your salary paid in directly**
    • Cheque - deposit by mail

    Withdraw funds

    • EFT- transfer funds to any Australian bank
    • Recurring payments (by EFT)
    • Transfer funds between RAMS accounts

    View / Manage

    • Transactions
    • Account balance & interest earned
    • Your personal details
    • Available on your mobile
  • Who can apply

  • High interest - it all adds up


    First month @ 0.00%0.00% p.a.

    if you make no withdrawals

    as the account opened with under $200


    Next 5 months @ 0.00%0.00% p.a. and then @ 0.00 as your balance is above $250,000

    if you make no withdrawals

    as deposits are under $200/mth

    You will earn
    AUD$0.00 total
    You'd earn less than AUD$0.00
    AUD$0.00 total

    if you deposited $200/mth...

    if your initial amount was $200

    if you made withdrawals...

    ...and the remaining months @ 0.00%p.a.

    ...as your balance is above $500,000

    as your balance is above $500,000

    you'd get the bonus and earn 0.00% p.a.

    you'd get 0.00% p.a.

  • Things you should know:

    Your objectives, financial situation or needs have not been taken into account in formulating the results obtained from using this calculator, and the results should not be considered as being personal advice. Before acting on the information you should consider whether it is right for you. You should read the RAMS Deposit Accounts Terms and Conditions and General information before making a decision.

  • Exclusively available online

  • RAMS Saver Account - FAQ's

  • At RAMS, we are here to help you every step of the way. Below is a list of Frequently Asked Questions we have compiled for you. If you don't find what you are looking for, don't hesitate to get in touch.

  • Compare Savings Account Interest Rates

    Our savings account comparison table will help you compare interest rates and choose the best savings account for a maximum return for your money.

  • The product information in this table is intended as a guide only, and is provided by InfoChoice Pty Ltd. Other eligibility criteria may apply and you should make your own enquiries. All information is subject to change, and while the information is updated regularly, we do not guarantee its accuracy, nor will we be held responsible for any errors or omissions.

  • Things you should know:

    *To qualify for the bonus interest you must make deposits totalling at least $200 each month, make no withdrawals during the month and have an account balance that does not fall below $0 or exceed $500,000 at any time during the month. Eligibility criteria apply. No bonus interest of 1.6% p.a. is earned if account balance is above $500,000.  Base rate will be earned if balance is above $500,000, up to $5 million.  No interest is earned if account balance is above $5 million.  Please refer to the RAMS Deposit Accounts Terms and  Conditions and RAMS Deposit Rates at a Glance.


  • **Regular payments cannot be made from Westpac accounts.
  • Information and interest rates are current as at 18 November 2015 and are subject to change.