Interest rate
1.50% p.a.(for $0 to $50,000)
Maximum rate
No Current Offer
Govt deposit guarantee
Yes up to $250,000

Mozo editorial review Xinja Stash

Last updated: 24 November 2020.

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What's hot
  • Triple 2020 Mozo Experts Choice Award winner - including Best New Savings Account
  • No account fees
  • 1.50% standard interest rate (balances up to $50k)
  • Instant set up
What's not
  • No face-to-face service (app-only)
Mozo snapshot

The Stash account received three 2020 Mozo Experts Choice Awards including for: Best Regular Saver, Best No Strings Savings and Best New Savings Account. 

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Key features

Xinja is one of the latest neobanks to hit the Australian banking scene and it looks like they brought their A game with this savings account. From the competitive 1.50% standard interest rate to the $50,000 maximum balance that you can have in the account and still earn the high rate.    

Xinja doesn't charge any account keeping fees, so every dollar you deposit into the Stash Account is going towards helping you meet your savings goals. There’s unlimited mobile transactions, plus you won’t even need a minimum opening deposit to get started. 

There are few things to keep in mind before opening a Xinja Stash Account. Xinja is a 100% digital bank so there is no face-to-face customer service like a traditional bank with branches but that doesn’t mean you don’t get great customer service. If you ever need to contact Xinja, you can only do so through their in-app support and chat function. 


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Who is it good for

The Xinja Stash Account is a great choice for savers who prefer to do their banking through their smartphone and want to earn healthy interest on their balance. 


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Any catches

You’ll first need a Xinja Bank account and be an existing customer before you can open the linked high interest Stash account, all of which can be done instantly via the Xinja app. 

It's also worth remembering that Xinja's $50,000 limit is a hard limit! What this means is that if your total balance across Xinja accounts exceeds $50,000 then Xinja will contact you so that you can let them know where to transfer the excess balance.

Details

Rates and fees information correct as at 30 November 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • Balances from $0: 1.50% p.a.
    Balances from $50,000: 0.00% p.a.

  • n/a

  • n/a

Fees
  • $0.00

  • n/a

  • Unlimited free transactions from mobile app.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • $0.00

  • n/a

Other financial bits
  • $0.00

  • $0.00

  • Monthly

Features
  • no

  • none

  • no

  • no

  • no

  • no

  • no

  • no

  • yes

  • no

  • no

  • Bank and saving account only accessible through iOS or Android app.

  • none

  • none

Customer Reviews

How are Xinja savings accounts rated by the Mozo community?

Overall
8.5/10
Price
10.0/10
Features
6.0/10
Customer service
9.0/10
Convenience
6.8/10
Trust
8.0/10

Latest reviews of Xinja Stash

  • Overall 9/10
    Local startup with very competitive savings rate.

    When Xinja came across my news feed it looked too good to be true with the high savings rate and no fees. After looking into all their info on their website which was easy to navigate, I opened an account almost instantly. When my welcome pack arrived with a few goodies I was again pleasantly surprised, no big bank would send a card out with a box of goodies. I'm now hooked with Xinja and glad to be backing a local startup who are offering one of the most competitive savings rates on the market

    Read full review

    When Xinja came across my news feed it looked too good to be true with the high savings rate and no fees. After looking into all their info on their website which was easy to navigate, I opened an account almost instantly. When my welcome pack arrived with a few goodies I was again pleasantly surprised, no big bank would send a card out with a box of goodies. I'm now hooked with Xinja and glad to be backing a local startup who are offering one of the most competitive savings rates on the market

    Price
    10/10
    Features
    8/10
    Customer service
    9/10
    Convenience
    9/10
    Trust
    9/10
    Less
    Cameron, New South Wales reviewed about 2 months ago
  • Overall 9/10
    Competitive interest and zero fees.

    Really easy banking application, early days so not as feature rich but the interest rate is amongst the best in Australia without it being a temporary rate for new signups.

    Read full review

    Really easy banking application, early days so not as feature rich but the interest rate is amongst the best in Australia without it being a temporary rate for new signups.

    Price
    10/10
    Features
    6/10
    Customer service
    10/10
    Convenience
    8/10
    Trust
    10/10
    Less
    Jeremy, Victoria reviewed 5 months ago
  • Overall 8/10
    great interest rate good customer service.

    Easy signup, good interest rate, and no fees. It is a win-win all around.

    Read full review

    Easy signup, good interest rate, and no fees. It is a win-win all around.

    Price
    10/10
    Features
    3/10
    Customer service
    8/10
    Convenience
    3/10
    Trust
    5/10
    Less
    P, New South Wales reviewed 9 months ago
MyState Bank

MyState Bank

Bonus Saver Account

1.50% p.a. (for $0 to $250,000)

0.15% p.a.(for $0 and over)

Yes up to $250,000

Bankwest

Bankwest

Hero Saver

0.90% p.a. (for $0 to $250,001)

0.01% p.a.(for $0 to $5,000,000)

Yes up to $250,000

Bank of Queensland

Bank of Queensland

Fast Track Starter Account

3.00% p.a. (for $1 to $10,000)

0.05% p.a.(for $1 and over)

Yes up to $250,000

Up

Up

Saver Account

1.10% p.a. (for $0 to $1,000,000)

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

Yes up to $250,000

Bank of Queensland

Bank of Queensland

Fast Track Saver Account

1.05% p.a. (for $1 to $250,000)

0.05% p.a.(for $1 and over)

Yes up to $250,000

Citi

Citi

Online Saver

0.85% p.a. (for $0 to $500,000)

0.35% p.a.(for $0 and over)

Yes up to $250,000

MyState Bank

MyState Bank

Bonus Saver Account

1.50% p.a. (for $0 to $250,000)

0.15% p.a.(for $0 and over)

Yes up to $250,000

Bankwest

Bankwest

Hero Saver

0.90% p.a. (for $0 to $250,001)

0.01% p.a.(for $0 to $5,000,000)

Yes up to $250,000

Up

Up

Saver Account

1.10% p.a. (for $0 to $1,000,000)

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

Yes up to $250,000

Bank of Queensland

Bank of Queensland

Fast Track Saver Account

1.05% p.a. (for $1 to $250,000)

0.05% p.a.(for $1 and over)

Yes up to $250,000

Citi

Citi

Online Saver

0.85% p.a. (for $0 to $500,000)

0.35% p.a.(for $0 and over)

Yes up to $250,000

Bank of Queensland

Bank of Queensland

Fast Track Starter Account

3.00% p.a. (for $1 to $10,000)

0.05% p.a.(for $1 and over)

Yes up to $250,000

MyState Bank

MyState Bank

Bonus Saver Account

0.15% p.a.(for $0 and over)

1.50% p.a. (for $0 to $250,000)

Yes up to $250,000

Bankwest

Bankwest

Hero Saver

0.01% p.a.(for $0 to $5,000,000)

0.90% p.a. (for $0 to $250,001)

Yes up to $250,000

Up

Up

Saver Account

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

1.10% p.a. (for $0 to $1,000,000)

Yes up to $250,000

Bank of Queensland

Bank of Queensland

Fast Track Saver Account

0.05% p.a.(for $1 and over)

1.05% p.a. (for $1 to $250,000)

Yes up to $250,000

Citi

Citi

Online Saver

0.35% p.a.(for $0 and over)

0.85% p.a. (for $0 to $500,000)

Yes up to $250,000

Bank of Queensland

Bank of Queensland

Fast Track Starter Account

0.05% p.a.(for $1 and over)

3.00% p.a. (for $1 to $10,000)

Yes up to $250,000

ANZ

ANZ

Progress Saver

0.01% p.a.(for $0 and over)

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

Yes up to $250,000

Newcastle Permanent

Newcastle Permanent

Smart Saver

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

1.55% p.a. (for $0 and over)

Yes up to $250,000