Companies Horizon Bank in Australia | RateCity

Horizon Bank is a customer-owned financial institution, which was initially formed in 1964 from Illawarra Country Council Staff Credit Union Ltd. Five other credit unions joined during the course of Horizon’s history. In September 2019, the credit union commenced trading under the name 'Horizon Bank'.

Horizon Bank continues to maintain its dedication to enhance their members’ lifestyles by offering exceptional products and services and by delivering financial advice in a friendly and efficient manner.

Horizon Bank home loans

Home Sweet Home Loan

Real Time Rating™

3.02 / 5

Advertised Rate

Comparison Rate*

3.44%

Intro 24 months

3.05%

No upfront or ongoing fees
100% full offset account
Extra repayments + redraw services
Free redraw facility

Fixed Rate Home Loan 3 Years

Real Time Rating™

3.37 / 5

Advertised Rate

Comparison Rate*

2.69%

Fixed - 3 years

3.61%

No ongoing fees
Suitable for low deposits
Extra repayments + redraw services
Free redraw facility

Special Value Plus Home Loan

Real Time Rating™

2.58 / 5

Advertised Rate

Comparison Rate*

3.44%

Variable

3.61%

Suitable for low deposits
Extra repayments + redraw services
Free redraw facility
Repayments may decrease if RBA cuts rates

Fixed Rate Home Loan 2 Years

Real Time Rating™

2.85 / 5

Advertised Rate

Comparison Rate*

2.99%

Fixed - 2 years

3.71%

No ongoing fees
Suitable for low deposits
Extra repayments + redraw services
Free redraw facility

Horizon Bank personal loans

Personal Loan Secured by Term Deposit

Advertised Rate

Comparison Rate*

Variable

5.89%

6.10%

No ongoing fees
No early repayment fees
Can apply online
Can apply in branch

Mortgage Secured Personal Loan

Advertised Rate

Comparison Rate*

Variable

5.99%

7.24%

No ongoing fees
No early repayment fees
Can apply online
Can apply in branch

Environmental Loan

Advertised Rate

Comparison Rate*

Fixed

10.50%

10.50%

No ongoing fees
No early repayment fees
Can apply online
Can apply in branch

Budget Personal Loan

Advertised Rate

Comparison Rate*

Variable

11.00%

11.15%

No ongoing fees
No early repayment fees
Can apply online
Can apply in branch

Horizon Bank car loans

Personal Loan Secured by Term Deposit

Advertised Rate

Comparison Rate*

5.89%

Variable

6.10%

No ongoing fees
No early repayment fees
Can apply online
Can apply in branch

New Car Loan Fixed

Advertised Rate

Comparison Rate*

5.99%

Fixed

6.20%

No ongoing fees
No early repayment fees
Can apply online
Can apply in branch

Special Used Car Loan

Advertised Rate

Comparison Rate*

7.29%

Variable

7.50%

No ongoing fees
No early repayment fees
Can apply online
Can apply in branch

Horizon Bank credit cards

Horizon Bank Visa Credit Card

Purchase Rate

4.99%

for 5 months then 12.95%

Annual Fee

$0

Balance Transfers Available
No Annual Fee
Free supplementary cards

Horizon Bank savings accounts

HorizonDirect S10

0.65%

0.65%

Has no ongoing fees
Has no minimum balances

Youth Reward Saver

1.40%*

0.50%

*Make at least one deposit of $10 or more and make no withdrawals during the same calendar month

Has branch access
Has no ongoing fees
Has no minimum balances

Advantage 55

0.05%

0.05%

Has branch access
Has ATM access
Has EFTPOS facility
Has no ongoing fees

Reward Saver

1.50%*

Intro 3 months then 0.90%

-

*Deposit at least $50 and make no withdrawals each calendar month

Has branch access
Has no ongoing fees
Has no minimum balances

Horizon Bank bank accounts

RediSavings

Account Keeping Fees

$0

Monthly

$1

Over 3,000 rediATMs

Maximum Interest rate

Visa

0.01%

$0 account keeping fee
Linked Visa debit card
App banking available
Has 0.01% interest available

Advantage

Account Keeping Fees

$6*

Monthly

$1

Over 3,000 rediATMs

Maximum Interest rate

Visa

*Fees waived when deposit $2,000 null

Linked Visa debit card
App banking available

Horizon Bank term deposits

Term Deposit

1.20%

p.a for 3 months

$5,000

Next rate increased

1.20%

p.a for 3 months

Covered by government guarantee