6.0 / 10

based on 310 RAMS reviews as rated by Mozo community

RAMS savings accounts

RAMS home loans believe in the Australian dream of owning your own home and aim to make this dream come true. With their flexible options and innovative products, RAM home loans is making the dream a reality. RAMS home loans aim to provide home loan solutions to meet many different needs, including low deposit loans, no deposit loans, low doc loans, line of credit loans and low rate loans for members Australia wide.

RAMS offers the following savings accounts

Rates and fees verified as correct at 23 June, 2021. Other information correct at the time of writing. Advertiser disclosure.

Product Interest rate Maximum rate Govt deposit guarantee
Saver Account

0.10% p.a.(for $0 to $5,000,000)

0.15% p.a. (for $200 to $500,000)

Yes up to $250,000

How are RAMS savings accounts rated?

Mozo users have rated RAMS savings accounts on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of savings-accounts
RAMS savings accounts
Overall
7.9/10
Price
Features
Customer service
Convenience
Trust

57 Reviews

Recent RAMS savings account reviews

RAMS Saver Account review
Overall 3/10
Interest too low.

Interest rates not competitive and go down too regularly.

Read full review

Interest rates not competitive and go down too regularly.

Price
1/10
Features
2/10
Customer service
7/10
Convenience
2/10
Trust
8/10
Less
Paul, Victoria, reviewed 5 months ago
RAMS Savings Account review
Overall 2/10
Interest rate is now a joke.

They keep cutting the interest rate on Rams Saver account, now it’s barely above the Reserve bank cash rate and I would expect a much better rate from an online bank that has no bricks and mortar branches to maintain. When I first opened my account the interest rate was very good compared to the official cash rate but they have just been slashing it to the bone so it’s really not worth having. Am looking elsewhere such as putting my cash into my super and managed funds.

Read full review

They keep cutting the interest rate on Rams Saver account, now it’s barely above the Reserve bank cash rate and I would expect a much better rate from an online bank that has no bricks and mortar branches to maintain. When I first opened my account the interest rate was very good compared to the official cash rate but they have just been slashing it to the bone so it’s really not worth having. Am looking elsewhere such as putting my cash into my super and managed funds.

Price
2/10
Features
5/10
Customer service
5/10
Convenience
5/10
Trust
2/10
Less
Julie, Victoria, reviewed 7 months ago
RAMS Saver Account review
Overall 10/10
Straightforward and easy. No issues!

RAMS is straightforward and easy. I have never had a single issue ever.

Read full review

RAMS is straightforward and easy. I have never had a single issue ever.

Price
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Pj, Victoria, reviewed 9 months ago
RAMS Saver Account review
Overall 7/10
Supplementary.

RAMS initially had a good rate for their savings account, which was the reason I moved my money across. However, they have reduced the interest rates significantly after the first year. They still offer good phone service, but no physical locations. Overall, rather trustworthy brand but not as competitive compared to other smaller banks.

Read full review

RAMS initially had a good rate for their savings account, which was the reason I moved my money across. However, they have reduced the interest rates significantly after the first year. They still offer good phone service, but no physical locations. Overall, rather trustworthy brand but not as competitive compared to other smaller banks.

Price
6/10
Features
8/10
Customer service
5/10
Convenience
3/10
Trust
7/10
Less
Lara, New South Wales, reviewed about 1 year ago

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Savings account quick links