Xinja Savings Accounts

Looking for a place to store your hard-earned cash? You could consider Xinja’s savings account, which offers a range of features and a competitive interest rate.

xinja savings account

Total interest
rate p.a.
Base interest
rate p.a.
Bonus interest
rate p.a.
1.65% 1.65% 0.00% More details

*Data accurate as at 01 October 2020. Rates based on a savings balance of $10,000. Introductory bonus interest rate products not included. Sorted by total interest rates. Refer to providers' websites for bonus rate conditions.

What is Xinja?

Xinja is one of Australia’s newest banks, having been granted a full banking license by APRA in December 2018. As a neobank, they are fully digital, with their mobile app available to be downloaded via the App store or the Google Playstore.

After launching its savings account product in January 2020, Xinja managed to attract more than $30 million in deposits in just the first week alone, with half of this coming from big four bank customers.

What savings accounts does Xinja offer? 

Xinja has one savings account, called Xinja Stash. Stash is a high-interest account that’s 100% online through Xinja’s mobile app. 

The Xinja Stash account features:
  • No introductory interest rate period
  • No hoops to jump through to earn the full interest rate (no minimum deposits, linked transactions etc.)
  • Fast download via Apple or Google Store
  • Interest calculated daily, paid monthly

As a registered ADI, all funds up to $250,000 are guaranteed by the Federal Government.

Does Xinja also offer a transaction account?

Yes, Xinja also has a separate bank account you can open that allows you to withdraw money from your Stash account and make transactions, either in-store on online.

Xinja’s transaction account features:
  • No fees (except for ATM fees which vary)
  • No currency conversion fees and international ATM withdrawal fees
  • A Xinja debit card
  • Apple Pay and Google Pay capability
  • The ability to instantly freeze and unfreeze your card via the app
  • In-app chat and support

Does Xinja offer other banking products?

Xinja does not currently offer other banking products at the time of writing (February 2020), but it has previously announced its intention to offer home loans at some point in 2020. You can check Xinja’s product roadmap here to see what else is on the horizon.

You can also compare home loanscar loans and term deposits with

Does Xinja charge any fees?

As mentioned before, Xinja is a mostly fee-free product, charging no:

  • Card fees
  • Account keeping fees
  • ATM fees
  • Currency conversion fees
  • International ATM withdrawal fees
  • Overdraft fees

The only fees Xinja charges, as per its terms and conditions, are:

  • A $10 card replacement fee (the first one is free)
  • A $10 dispute and chargeback fee

You may also be charged ATM fees by the ATM network itself, which varies from machine to machine.

Maximum amount allowed

Under current banking regulations, Xinja is only permitted to hold deposits of up to $245,000 per customer. This limit includes deposits in both the Xinja Stash savings account and the Xinja bank account (transaction account), so having $235,000 in the Xinja Stash account and $10,001 in the Xinja bank account will see you breach the combined limit ($235,000 + $10,001 = $245,001).

If a deposit into any Xinja account is expected to push a customer’s combined balance over the $245,000 limit, Xinja will get in touch with the customer to ask them where to transfer the excess balance.

How to apply for a Xinja savings account

To open a Xinja savings account, you can hit the ‘more details button’ on’s savings account comparison tables and visit their website where you can hit ‘join now’. This should take you to your chosen app store where you can download the app and go from there.

This process should only take a few minutes in total. Make sure you read Xinja’s terms and conditions before applying.

Compare other high-interest savings accounts

Xinja isn’t the only bank account on the market you can choose from. There are dozens of others on the market, some of which have some very competitive rates.

Compare some of them in the table here.