Savings account vs term deposit
Regional Australia Bank Internet Maximiser Account vs term deposit
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Interest over 1 year on $50,000
$1,625
3.25% a year
$2,625
5.25% a year · paid at maturity
Over 1 year on $50,000, Regional Australia Bank Internet Maximiser Account pays $1,625; Regional Australia Bank's 12-month term deposit pays $2,625.
Worked out on $50,000 until you pick a balance
Regional Australia BankInternet Maximiser Account
Regional Australia BankTerm deposit
Figure by figure
Interest over 1 year
on $50,000
$1,625
nothing to do each month
$2,625
paid at maturity
+$1,000 · More interest over the term
Rate over the term
a year, on $50,000
3.25%
5.25%
fixed for the term
+2.00 · Higher rate over the term
Asked of you each month
Nothing
Nothing
the money stays put
Getting the money out
Any time
no notice needed
Locked for 1 year
31 days’ notice to break it early, usually at a lower rate
Can the rate change?
Yes, at any time
the bank sets it
No
fixed for 1 year
Minimum to open
None
$1,000
up to $500,000
The same on both
Nothing to compare in these: both say the same.
- AnyoneWho can open it
How they differ
- A savings rate can change at any time. Regional Australia Bank Internet Maximiser Account's figure holds today's rate for 1 year.
- A term deposit's rate is fixed for the term, but the money is locked in: breaking it early needs 31 days' notice and usually costs some of the interest.
- Both are covered by the Financial Claims Scheme, up to $250,000 per person at each bank. Money in both at Regional Australia Bank shares that one $250,000.
Regional Australia Bank Term Savings at every term
The rate the balance above gets at each term, and the interest it pays over that term.
1 monthPaid at maturity1.10%$46
2 monthsPaid at maturity1.35%$113
4 monthsPaid at maturity4.65%$775
5 monthsPaid at maturity4.70%$979
7 monthsPaid at maturity5.00%$1,458
8 monthsPaid at maturity5.00%$1,667
9 monthsPaid at maturity5.10%$1,912
1 yearPaid at maturity5.25%$2,625
18 monthsPaid at maturity5.00%$3,750
3 yearsPaid at maturity4.20%$6,300
4 yearsPaid at maturity3.60%$7,200
5 yearsPaid at maturity3.65%$9,125
As of 2 November 2026, over 1 year on $50,000, Regional Australia Bank Internet Maximiser Account pays $1,625 with nothing to do each month; Regional Australia Bank's 12-month term deposit pays $2,625 at 5.25%. Figures are the bank's published rates, worked out on the balance above as simple interest. Each row says which figure is higher; it doesn't say which one suits you.