RAMS savings account reviews

RAMS
RAMS's overall rating for savings accounts

(as rated by the Mozo community)

7.7 / 10

based on 23 reviews

Price

Features

Customer service

Convenience

Trust

Featured savings account from RAMS

Recent RAMS savings account reviews

RAMS

RAMS Saver Account savings account review

Overall rating   10 / 10

Good bank

I like it

Full review

I like it

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Henry (SA), reviewed over 1 year ago

RAMS

RAMS Saver Account savings account review

Overall rating   8 / 10

Great bonus interest rate for savings account

It was really easy to set up the saver account and it has a great bonus interest rate. The only downside that I can see is that you only get the bonus interest if you have no withdrawals during the month. It would be more useful if you had, say, 2...

Full review

It was really easy to set up the saver account and it has a great bonus interest rate. The only downside that I can see is that you only get the bonus interest if you have no withdrawals during the month. It would be more useful if you had, say, 2 free withdrawals each month that didn't affect the bonus interest rate.

    Price   9 / 10

    Features   5 / 10

    Customer service   9 / 10

    Convenience   7 / 10

    Trust   9 / 10

Less

Steven (NSW), reviewed over 1 year ago

RAMS

RAMS Saver Account savings account review

Overall rating   5 / 10

Good from far, but far from good.

Rates keep dropping frequently, not what I expected when I signed up to save money.

Full review

Rates keep dropping frequently, not what I expected when I signed up to save money.

    Price   6 / 10

    Features   6 / 10

    Customer service   8 / 10

    Convenience   3 / 10

    Trust   5 / 10

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Ben (NSW), reviewed almost 2 years ago

RAMS

RAMS Saver Account savings account review

Overall rating   10 / 10

Tuck your savings away with RAMS and watch it grow

Great interest rate!

Full review

Great interest rate!

    Price   10 / 10

    Features   10 / 10

    Customer service   7 / 10

    Convenience   10 / 10

    Trust   10 / 10

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Alishia (WA), reviewed about 2 years ago

RAMS

RAMS savings account review

Overall rating   10 / 10

Great interest rate & simple to use

I don't know what other peoples problems are - but this is dead easy to setup and get money into! Don't need branches for heavens sake. Sure, if you withdraw you forgo bonus interest, who cares! It's not a saving account! Very happy.

Full review

I don't know what other peoples problems are - but this is dead easy to setup and get money into! Don't need branches for heavens sake. Sure, if you withdraw you forgo bonus interest, who cares! It's not a saving account! Very happy.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

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Christopher (NSW), reviewed about 2 years ago

RAMS

RAMS Saver Account savings account review

Overall rating   8 / 10

Highest interest rate return on savings account

Highest interest rate return on savings account. There is no flexibility to withdraw funds in the month in order to earn additional interest.

Full review

Highest interest rate return on savings account. There is no flexibility to withdraw funds in the month in order to earn additional interest.

    Price   10 / 10

    Features   8 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

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Ms (NSW), reviewed about 2 years ago

RAMS

RAMS Saver Account savings account review

Overall rating   10 / 10

Best rate

Offers best ongoing interest rate around...

Full review

Offers best ongoing interest rate around...

    Price   10 / 10

    Features   8 / 10

    Customer service   10 / 10

    Convenience   7 / 10

    Trust   10 / 10

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Rachael (NSW), reviewed about 2 years ago

RAMS

RAMS Saver Account savings account review

Overall rating   10 / 10

Highest interest rate with simple online access.

Offer highest interest rate that I could find. Online banking is simple and easy to understand.

Full review

Offer highest interest rate that I could find. Online banking is simple and easy to understand.

    Price   10 / 10

    Features   8 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

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Peter (NSW), reviewed over 2 years ago

RAMS

RAMS Saver Account savings account review

Overall rating   10 / 10

Best rates,easy to use,great customer service

Rates are the most competitive, great features i.e. easy withdrawal process, maximises savings without feeling trapped.

Full review

Rates are the most competitive, great features i.e. easy withdrawal process, maximises savings without feeling trapped.

    Price   9 / 10

    Features   9 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

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Sarah (VIC), reviewed over 2 years ago

RAMS

RAMS Saver Account savings account review

Overall rating   1 / 10

Like dealing with an overseas based company.

Main problem is that they do not have a physical branch. None of the RAMS branches have anything to do with the savings account. If you have any problems, you're done for because you will be talking to someone in India, etc. You know what it...

Full review

Main problem is that they do not have a physical branch. None of the RAMS branches have anything to do with the savings account. If you have any problems, you're done for because you will be talking to someone in India, etc. You know what it is like trying to fix a problem with a company overseas? Same thing with RAMS. No one is responsible just voices who say," we'll get back to you." Tried to open an account and to make it quicker, so I thought, I physically went to their designated bank (St George) to present my IDs - passport, Medicare Card, Superannuation Statement with my address. Bank takes the details, all good. I call twice, they say that they're still working on it. On the third call, two weeks later, there has been no news so I call and I am told, "...can you bring a letter from the ATO confirming your address?" I say to the person on the line, mate, I am not trying to borrow money. I am trying to lend RAMS some money. If you want to entrust your money with this outfit, you've been forewarned.

    Price   5 / 10

    Features   5 / 10

    Customer service   1 / 10

    Convenience   1 / 10

    Trust   -1 / 10

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Lerner (NSW), reviewed over 2 years ago

RAMS

RAMS savings account review

Overall rating   9 / 10

Great Rates

Great rates, beats my other favourite bank at the moment. Shame you can only get this great rate by depositing, only once you withdraw you lose it. Unlike my other savings account which I can withdraw without penalties. Just isn't the highest rate...

Full review

Great rates, beats my other favourite bank at the moment. Shame you can only get this great rate by depositing, only once you withdraw you lose it. Unlike my other savings account which I can withdraw without penalties. Just isn't the highest rate anymore so now using Rams for its great rate for the cash I do not need to touch. So far so good.

    Price   10 / 10

    Features   8 / 10

    Customer service   8 / 10

    Convenience   8 / 10

    Trust   8 / 10

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Jean (QLD), reviewed over 2 years ago

RAMS

RAMS Saver Account savings account review

Overall rating   8 / 10

Highly competitive interest rate

An excellent account for those who rarely need to make a withdrawal. Should a withdrawal be necessary, then one must withdraw virtually the entire balance at the start of a month to avoid loss of interest. This aspect is quite a disadvantage,...

Full review

An excellent account for those who rarely need to make a withdrawal. Should a withdrawal be necessary, then one must withdraw virtually the entire balance at the start of a month to avoid loss of interest. This aspect is quite a disadvantage, nevertheless the very competitive rate largely makes up for it. I have found the customer service to be fine.

    Price   10 / 10

    Features   6 / 10

    Customer service   9 / 10

    Convenience   8 / 10

    Trust   9 / 10

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John (VIC), reviewed over 2 years ago

RAMS

RAMS Saver Account savings account review

Overall rating   7 / 10

The ultimate 'save for a goal' account

Great interest rate as long as you follow the guidelines. Good account if you are looking to save and don't plan to access your money for a while. Can transfer from any bank account into this account but as there are no branches, online access...

Full review

Great interest rate as long as you follow the guidelines. Good account if you are looking to save and don't plan to access your money for a while. Can transfer from any bank account into this account but as there are no branches, online access only. The savings calculator is a great motivator to watch your money grow. Have never been contacted by a staff member of this bank and probably never will due to the self managed nature of this account.

    Price   9 / 10

    Features   4 / 10

    Customer service   5 / 10

    Convenience   5 / 10

    Trust   8 / 10

Less

Patricia (NSW), reviewed about 3 years ago

RAMS

RAMS Saver Account savings account review

Overall rating   9 / 10

Competitive rate

Deposit only, no withdraw to receive 4.11% interest.

Full review

Deposit only, no withdraw to receive 4.11% interest.

    Price   9 / 10

    Features   7 / 10

    Customer service   9 / 10

    Convenience   5 / 10

    Trust   9 / 10

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Jin (NSW), reviewed over 3 years ago

RAMS

RAMS savings account review

Overall rating   8 / 10

Great value

I like the fact that RAMS offer competitive interest rates. It is not easy to access the money though, with online transfers taking several days. On the up side, that makes it easier to save. :)

Full review

I like the fact that RAMS offer competitive interest rates. It is not easy to access the money though, with online transfers taking several days. On the up side, that makes it easier to save. :)

    Price   9 / 10

    Features   7 / 10

    Customer service   8 / 10

    Convenience   7 / 10

    Trust   7 / 10

Less

Elizabeth (VIC), reviewed over 3 years ago

RAMS

RAMS Saver Account savings account review

Overall rating   10 / 10

The online savings I have been searching for

I set up two RAMS Saver account to help me get my savings on track in the lead up to my 21st birthday. The reason I chose RAMS online is because the interest rate was higher than other products available and setting up my accounts was very...

Full review

I set up two RAMS Saver account to help me get my savings on track in the lead up to my 21st birthday. The reason I chose RAMS online is because the interest rate was higher than other products available and setting up my accounts was very straight forwards and easy to do. After setting up my accounts, I saved lots of money which was very exciting as I was going to use it for a holiday for my birthday but then Christmas happened and I was back to square one! I really enjoy using RAMS Online as I find it easier to save because there aren't ATM's or bank cards which would allow me to take my savings out. Also the security is very good too which gives me confidence in doing my banking transactions online. And the interest rate gave me lots to cheer about too when I was able to put more away in savings, because it was helping me reach my goals faster. I am happy to continue using RAMS Online Saver to help me reach my savings goals, because it is exactly what I have been looking for since they closed down the ANZ Smarty Pig website.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   8 / 10

    Trust   10 / 10

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Emily (QLD), reviewed over 3 years ago

RAMS

RAMS savings account review

Overall rating   10 / 10

Brilliant - easy to set up account

Excellent interest rate on my savings account and easy, convenient internet banking.

Full review

Excellent interest rate on my savings account and easy, convenient internet banking.

    Price   10 / 10

    Features   10 / 10

    Customer service   8 / 10

    Convenience   10 / 10

    Trust   10 / 10

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Jenny , reviewed almost 4 years ago

RAMS

RAMS savings account review

Overall rating   0 / 10

WORST

RAMS customer service was extremely unhelpful. They took their time and the process was drawn out and painful. I will never go back to RAMS as they are absolutely USELESS and unprofessional in their manner when things got too hard for them.

Full review

RAMS customer service was extremely unhelpful. They took their time and the process was drawn out and painful. I will never go back to RAMS as they are absolutely USELESS and unprofessional in their manner when things got too hard for them.

    Price   5 / 10

    Features   3 / 10

    Customer service   0 / 10

    Convenience   0 / 10

    Trust   0 / 10

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Kerryn , reviewed about 4 years ago

RAMS

RAMS savings account review

Overall rating   8 / 10

Good, solid product with established provider

I like the ease of setup. Ease of use. Competitive rates and info.

Full review

I like the ease of setup. Ease of use. Competitive rates and info.

    Price   8 / 10

    Features   6 / 10

    Customer service   7 / 10

    Convenience   8 / 10

    Trust   8 / 10

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W (NSW), reviewed about 4 years ago

RAMS

RAMS Saver Account savings account review

Overall rating   9 / 10

Good, honest, high interest account

Very happy with my RAMS account. If you have a goal this is the account for you. Because you have to deposit $200 per month and make no withdrawals, you can see your money growing quickly and before you know it, your goal is reached. It helps...

Full review

Very happy with my RAMS account. If you have a goal this is the account for you. Because you have to deposit $200 per month and make no withdrawals, you can see your money growing quickly and before you know it, your goal is reached. It helps promote self discipline. The only thing that is disappointing is that the interest rate keeps going down however the account is only keeping in line with the RBA. It is one of only two at the moment that has a good ongoing rate. Not a teaser for a few months. So yes I would recommend this online account. RAMS is owned by Westpac now so your money is safe.

    Price   9 / 10

    Features   8 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

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Jodie (QLD), reviewed about 4 years ago

RAMS

RAMS Saver Account savings account review

Overall rating   10 / 10

One of the best rates, helps with savings goals

Simple to use and great returns, one of the highest rates around.

Full review

Simple to use and great returns, one of the highest rates around.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Sam (NSW), reviewed about 4 years ago

RAMS

RAMS Saver Account savings account review

Overall rating   2 / 10

Great rates, pathetic logistics.

Have you ever heard of anything as stupid as the RAMS Savings account which requires you to be glued to a mobile phone for everything you do - even talking to them on the PHONE! So, should your mobile phone be unavailable, tough luck! You don't...

Full review

Have you ever heard of anything as stupid as the RAMS Savings account which requires you to be glued to a mobile phone for everything you do - even talking to them on the PHONE! So, should your mobile phone be unavailable, tough luck! You don't get the options other BIG banks give you to pre-authorise another account to move money between - like NAB and ING. No, you get a SMS code to even think of using them. Grow up and learn from those who have been doing this longer and better than you. My poor granny will never have this account because she does not have a mobile. Go figure - apparently, I am my mobile. And I have to give up mine because they have not figured out how to send to an international mobile.

    Price   9 / 10

    Features   5 / 10

    Customer service   2 / 10

    Convenience   0 / 10

    Trust   9 / 10

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Mozo reviewer (VIC), reviewed about 4 years ago

RAMS

RAMS Saver Account savings account review

Overall rating   7 / 10

Interest rates

Interest rates only ok.

Full review

Interest rates only ok.

    Price   7 / 10

    Features   6 / 10

    Customer service   6 / 10

    Convenience   5 / 10

    Trust   5 / 10

Less

Karl (SA), reviewed about 4 years ago

RAMS

RAMS Saver Account savings account review

Overall rating   10 / 10

Great interest and easy online banking

They have been so helpful over the phone and online. Interest rates are good.

Full review

They have been so helpful over the phone and online. Interest rates are good.

    Price   9 / 10

    Features   9 / 10

    Customer service   9 / 10

    Convenience   7 / 10

    Trust   9 / 10

Less

Mozo reviewer (NSW), reviewed over 4 years ago

RAMS

RAMS savings account review

Overall rating   8 / 10

Competitive interest rate, and customer focus

RAMS have a tradition of offering competitive home loans, and good value financial services. Although they have been purchased by Westpac, it seems like they're still being retained & supported in order to build on the goodwill built by RAMS in...

Full review

RAMS have a tradition of offering competitive home loans, and good value financial services. Although they have been purchased by Westpac, it seems like they're still being retained & supported in order to build on the goodwill built by RAMS in the past.

    Price   9 / 10

    Features   8 / 10

    Customer service   8 / 10

    Convenience   8 / 10

    Trust   8 / 10

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Mozo reviewer (VIC), reviewed over 4 years ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

Savings account comparisons on Mozo - rates updated daily

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    AMP Saver Account

    AMP Saver Account

    • Competitive interest rates, calculated daily and paid monthly
    • A bonus interest rate of 0.45% per annum for the first four months
    • No Monthly fees

    special rate*

    2.55% p.a. (for $0 to $5,000,000)

    bonus rate for 4 months

    standard interest rate

    2.10% p.a.(for $0 to $5,000,000)

    account fee per month

    $0.00

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    • Competitive interest rates, calculated daily and paid monthly
    • A bonus interest rate of 0.45% per annum for the first four months
    • No Monthly fees
    • Special rate conditions: Bonus rate for the first 4 months from account opening
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    • Minimum balance: $0.00
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  • ANZ Online Saver

    ANZ Online Saver

    • Flexible high interest savings account plus exclusive online bonus interest offer for 3 months. Limited time only
    • Interest calculated daily and paid monthly
    • No minimum balance, no withdrawal fees and no fixed term requirements

    special rate*

    2.55% p.a. (for $0 and over)

    Bonus rate for the first 3 months from account opening. The bonus rate offer is only available to new ANZ Online Saver customers who have not held an ANZ Online Saver account during the last 6 months, and apply online.

    standard interest rate

    0.50% p.a.(for $0 and over)

    account fee per month

    $0.00

    Go to site

    More info

    • Flexible high interest savings account plus exclusive online bonus interest offer for 3 months. Limited time only
    • Interest calculated daily and paid monthly
    • No minimum balance, no withdrawal fees and no fixed term requirements
    • Special rate conditions: Bonus rate for the first 3 months from account opening. The bonus rate offer is only available to new ANZ Online Saver customers who have not held an ANZ Online Saver account during the last 6 months, and apply online. Offer not available to beneficiaries for an ANZ Online Saver account held on trust within the past 6 months
    • Access: BPay, Phone banking, Internet banking
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    7.7

    Based on 2117 ANZ savings account reviews

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  • ME Online Savings Account

    ME Online Savings Account

    • Savings Bank of the Year 2016
    • No minimum monthly deposit. Ongoing variable bonus rate
    • No monthly account-keeping fees

    special rate*

    2.95% p.a. (for $0 to $250,000)

    Ongoing bonus rate if during the month you make a weekly Tap & Go purchase with your ME Everyday Transaction Account buck Debit MasterCard.

    standard interest rate

    1.30% p.a.(for $0 and over)

    account fee per month

    $0.00

    Go to site

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    • Savings Bank of the Year 2016
    • No minimum monthly deposit. Ongoing variable bonus rate
    • No monthly account-keeping fees
    • Special rate conditions: Ongoing bonus rate if during the month you make a weekly Tap & Go purchase with your ME Everyday Transaction Account buck Debit MasterCard.
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    8.1

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  • St.George Maxi Saver

    St.George Maxi Saver

    • 24/7 access online savings account
    • No monthly service fees
    • No minimum monthly balance or deposit required

    special rate*

    2.70% p.a. (for $0 and over)

    bonus rate for first 3 months

    standard interest rate

    0.80% p.a.(for $0 and over)

    account fee per month

    $0.00

    Go to site

    More info

    • 24/7 access online savings account
    • No monthly service fees
    • No minimum monthly balance or deposit required
    • Special rate conditions: Bonus rate for the first 3 months from account opening
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    7.9

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  • Westpac eSaver

    Westpac eSaver

    • Unlimited access to your money
    • Earn interest on every dollar
    • No monthly account service fee

    special rate*

    2.51% p.a. (for $0 and over)

    Bonus rate for the first 5 months from account opening

    standard interest rate

    0.80% p.a.(for $0 and over)

    account fee per month

    $0.00

    Go to site

    More info

    • Unlimited access to your money
    • Earn interest on every dollar
    • No monthly account service fee
    • Special rate conditions: Bonus rate for the first 5 months from account opening
    • Access: Phone banking, Internet banking
    • Minimum balance: $0.00
    • Other restrictions: Must link to a transaction account with this provider. $5 fee applies for all transactions except phone and internet banking
    Overall rating

    7.9

    Based on 1602 Westpac savings account reviews

    Need more information?
    Go to site

    More info

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