Xinja Bank, Australia’s top neobank, launched savings account, paying 2.25% interest, the highest ongoing rate on offer.
“There’s no introductory period, no minimum deposit and no mandatory monthly top-up . We’re offering our customers the best ongoing rate in the market. True to Xinja’s ethos, there’s no nasty fine print or confusing terms.” said Xinja Bank Founder and Chief Executive, Eric Wilson.
Interest will be calculated daily and paid monthly so account holders will get interest on the full value of every cent that’s in their account every day.
The Stash account is a savings account, with its own BSB and account number so that funds can be transferred directly from any other bank account easily.
The Xinja bank account can be used with Apple Pay and Google Pay, and can be opened in a couple of minutes using the official Xinja mobile app. Once registered, opening a Stash – saving account only takes seconds.
The aim of Stash Account is to help customers put aside funds they want to save and reward them for making good financial decisions.
Xinja Bank was granted a full bank licence back in September 2019, which means all deposits up to $250,000 are guaranteed by the Australian government.
Mr Wilson said Xinja Bank has a range of new banking experiences and products coming out in the year ahead. “This is just the start.”
Want to Discuss and read other users reviews about these services. Join our Xinja Users Community and Have your say.