Savings account
Horizon Direct
3.25%p.a. total
No bonus conditions: the rate is paid every month
120th of 152 savings accounts · market average 4.23%
The RBA raised the cash rate to 4.60% on 30 September. Horizon Direct hasn't moved yet.
What it asks
Nothing each month- Each month
Nothing. The rate is paid every month.
- Who can open it
Anyone
- Balance
No balance cap.
Rate history
No change since tracking began on 7 Oct- Horizon Direct
- RBA cash rate
- Market average
No rate changes recorded for this account since tracking began on 7 October 2026.
- #119NowOct 2026: ranked 119 of 152
- Top 5%
- Top 10%
- Top 25%
- Top half
- Lower half
Ranked #119 of 152 this month. Tracking begins here.
- Interest a year
- $1,625
- Each month
- $135
- Against the average (4.23%)
- −$489
On a $50,000 balance. Type yours above; it's kept with your savings preferences.
Horizon Direct is our online savings account that attracts a higher interest rate than a normal savings account, because you manage it online without branch assistance or branch access.
Notes from savers
to leave a note.
Other Horizon Bank accounts: SUPER SAVERS 5.25% · YOUTH REWARD SAVER 5.25%
Pays 3.25% p.a. with no bonus conditions as of 7 October 2026. Ranks 120th of 152 savings accounts tracked by BankMate, 0.98 points below the average of 4.23%. It has not changed since tracking began on 7 October 2026. From Horizon Bank's Consumer Data Right feed, refreshed nightly. Compare savings accounts ·