Term Savings

 Product Features

• Other Additional Information: No account keeping fee

• Other Additional Information: Combined balances of up to $250,000 per account holder are guaranteed and secured by the Australian Government.

• Other Additional Information: Interest can be paid fortnightly, monthly, 12 monthly or at maturity.

• Digital Banking Additional Information: Bank 24/7 wherever you are and whenever you want with RAB mobile and internet banking

• Other Additional Information: A guaranteed rate for terms from 1 to 60 months

 Product Eligibility

• Residency Status - Australian Residents. Additional Information: Individuals must be citizens or permanent residents of Australia.

• Other Additional Information: As a customer-owned bank, customers must also become a shareholder of Regional Australia Bank to be eligible to open an account.

 Bank Fees and Charges

• Document Search Fee (Event), Amount: 50.00. Additional Information: Charged per hour, or part thereof, when you request us to retrieve historical documents related to your account.

• Inactive Account Fee (Event), Amount: 10.00. Additional Information: Applies annually if there are no transactions on your membership in the preceding 12 months.

• Dormant Account Fee (Event), Amount: 15.00. Additional Information: Applies if there is no member generated transaction activity on your account for a period of seven (7) years.

• Duplicate Copy Of Statement (Event), Amount: 12.50. Additional Information: Applies if you request a duplicate copy of a formal account statement.

• Cheque Deposit Dishonour Fee (Event), Amount: 12.50. Additional Information: Applies to each cheque deposited to your account that is dishonoured by the drawer’s bank.

• Early Redemption Adminstration Fee (Variable), Amount: Not Listed.. Additional Information: This fee may apply when you request to redeem your deposit prior to the maturity date. A reduced Interest Rate applies in addition to this fee.

• Early Redemption Break Cost (Variable), Amount: Not Listed.. Additional Information: When a Term Savings deposit is redeemed prior to the maturity date, the interest paid on your account will be reduced based on how much notice is provided and how far through the term. Details on how this is calculated are available on request.

 Limitations & Restrictions (Constraints)

• Max Balance of 500000.00 Additional Information: For deposits of $500,000 and over, rates are by negotiation and subject to acceptance.

• Min Balance of 1000.00 Additional Information: A minimum $1,000 investment applies to this product.

• Opening Balance of 1000.00 Additional Information: A minimum $1,000 investment applies to this product.