Xinja Savings Accounts


Xinja is an Australian neobank. It currently provides savings and transaction accounts.

Following the recent RBA rate cut, Xinja is no longer offering its “Stash” savings account to new customers. The neobank says this will be reviewed in April 2020.

If you are looking for a savings account, you can compare a selection of other providers with Canstar. Or, if you are an existing Xinja savings account holder, you can view details about the product below.

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What savings accounts does Xinja offer?

Xinja offers one savings account called the “Stash” account. This account pays interest with “no strings”, Xinja says. For example, it says there is no introductory period and no minimum deposits or minimum number of payments required to receive a certain interest rate.

Stash accounts also come with their own BSB and account number. This means you can transfer money directly into your Stash account.

While Xinja is temporarily not offering this product to new customers, you can compare and view the current interest rates of a selection of other savings account providers in Canstar’s comparison tables.

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Do Xinja savings accounts require a linked transaction account?

Yes, Xinja says you need a Xinja bank account to open a Stash account. To apply for a Xinja bank account you must be an individual, be 14 years old or over, be a tax resident of Australia, have an email address and Australian mobile phone number and have an Australian residential address.

If you’re looking to compare transaction accounts, you can use Canstar’s comparison tables to potentially find one that suits your requirements.

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Does Xinja charge fees on its savings accounts?

Savings accounts can come with several fees, such as monthly account-keeping fees, transaction fees, withdrawal fees and more. At the time of writing, Xinja charges no account opening or ongoing account keeping fees. Xinja also charges no account opening or ongoing account keeping fees on its transaction account. Read Xinja’s terms and conditions for more information.

What does Xinja offer in terms of mobile banking for savings accounts?

Xinja is a mobile only bank, meaning you apply for a Xinja savings account via the Xinja app and also manage and use your account through the app. For example, you can use the app to check your balance and transactions and make internal transfers to your Xinja bank account. The app also has a chat feature where you can get support. The Xinja Bank app is available on the App Store and on Google Play.

How do I apply for a Xinja savings account?

Following the March 2020 RBA rate cut, Xinja said it would be no longer offering its Stash account to new customers. Previously, you could apply for a Xinja Stash account through the Xinja app. Xinja says it will be reviewing this in April and is hoping to offer new Stash accounts in a few months.

If you’re looking to compare savings accounts, you can compare a selection of other savings account providers with Canstar.

Compare Savings Accounts

About Xinja

Xinja is an Australian neobank. Founded in 2017, the 100% digital bank says it aims to revolutionise banking by making it quick and easy but also fun to track your savings and spending. Xinja’s savings account was launched in January 2020 and received $30 million in deposits within its first week of opening.

Written by: Tamika Seeto | Last updated: March 13, 2020