based on 315 RAMS banking product 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 16 October, 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
Price
Features
Customer service
Convenience
Trust

60 Reviews

Recent RAMS savings account reviews

RAMS Saver Account
Overall 5/10
RAMS Saver account review

When I started saving with RAMS, I was very happy with the interest rate that I was getting. In the last year, the rates have just gone down constantly in such a short period of time. Very disappointing! I'm seriously considering taking what I have saved to another savings bank that offers better interest rates.

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When I started saving with RAMS, I was very happy with the interest rate that I was getting. In the last year, the rates have just gone down constantly in such a short period of time. Very disappointing! I'm seriously considering taking what I have saved to another savings bank that offers better interest rates.

Price
1/10
Customer service
6/10
Convenience
10/10
Trust
4/10
Less
Jamie, New South Wales, reviewed about 2 months ago
RAMS Savings Account
Overall 1/10
Less than a penny on the dollar. I have no words.

A "high interest" savings account that pays $0.75% interest. I received seven cents on an $800 deposit including "bonus interest" of $0.02 on top of the big shiny nickel they gave me. Absolutely obscene when you think about it. Not even a penny on the dollar which is far below the inflation rate. Not much of an incentive for middle earners or those who are rebuilding from tough times to save their money considering it costs money to keep it in their accounts when you factor in inflation. I repeat, not even a penny on the dollar in interest.

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A "high interest" savings account that pays $0.75% interest. I received seven cents on an $800 deposit including "bonus interest" of $0.02 on top of the big shiny nickel they gave me. Absolutely obscene when you think about it. Not even a penny on the dollar which is far below the inflation rate. Not much of an incentive for middle earners or those who are rebuilding from tough times to save their money considering it costs money to keep it in their accounts when you factor in inflation. I repeat, not even a penny on the dollar in interest.

Price
1/10
Features
1/10
Less
Christopher, New South Wales, reviewed 2 months ago
RAMS Saver Account
Overall 1/10
Worst "bank" ever.

Probably the worst "bank" we've ever encountered in our lives. They're more than happy to take your money, but when it comes to getting access to your own money, they make your life a living Hell. Even visiting their offices do not guarantee you will be able to access your own savings! This "bank" is just nasty, nasty, greedy people! Please DO NOT use RAMS. They're clueless when it comes to dealing with customers and they honestly don't give a rat's ass for them.

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Probably the worst "bank" we've ever encountered in our lives. They're more than happy to take your money, but when it comes to getting access to your own money, they make your life a living Hell. Even visiting their offices do not guarantee you will be able to access your own savings! This "bank" is just nasty, nasty, greedy people! Please DO NOT use RAMS. They're clueless when it comes to dealing with customers and they honestly don't give a rat's ass for them.

Price
1/10
Features
1/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Marco, New South Wales, reviewed 3 months ago
RAMS Saver Account
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 9 months ago

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