We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
This account offers a bonus interest rate for the first four months with no conditions to meet. One the introductory period ends, the account will revert down to the standard base rate.
Read our full review of the Rabobank High Interest Savings Account.
If you need some encouragement to save, the Online Savings Premium Saver offers a bonus rate when you grow your balance by at least $200 each month.
Read our full review of the Rabobank Premium Saver.
This account requires you to give notice before accessing your savings, and is designed to stop you from dipping into your savings for impulse purchases. There are three separate notice periods you can choose; 31 days, 60 days or a 90 day notice before you can take cash out of your savings account.
For as little as $1,000 you can invest in a term deposit for one month or up to five years. There are no fees charged, plus you can get a bonus rate if you choose to reinvest at the end of the term.
Read our full review of the Rabobank Term Deposit.
Rabobank operates mostly online in Australia. It has no bank branches for customers to visit and doesn't have an ATM network.
If you need to deposit cash or a cheque into your Rabobank account, you can do this at a participating Australia Post shop using Bank@Post. It's free to deposit cash into your account this way.
Customers can access Rabobank's Internet banking portal 24/7 (called Online Savings Internet Banking) to review transactions and balances, transfer money between accounts, download your statements and open new Rabobank savings accounts.
The mobile app is called Rabobank AU and is free to download to manage your savings account. The app has a 1.5 star rating in the Google Play Store and a 4 star rating in the App store.
You can apply for a new account online in less than 10 minutes. Just make sure you meet the eligibility criteria and have the necessary documents handy before you start your application.
If you haven't found what you're looking for yet, you can compare a wide range of additional savings accounts and bank accounts from other providers with Finder.
Be rewarded with a competitive ongoing interest rate by agreeing to give 90 days notice to withdraw any funds.
Be rewarded with a competitive ongoing interest rate by agreeing to give 31 days notice to withdraw any funds.
The Rabobank Notice Saver (90 days) rewards you with a competitive interest rate for agreeing to give 90 days notice before withdrawing your funds.
The Rabobank Term Deposit (SMSF) offers a range of benefits and features to help you boost your savings.
With Rabobank’s Notice Saver, you are given flexibility to access your funds along with a competitive interest rate to help them grow quickly.
Be rewarded for your loyalty with bonus interest when you roll your term deposit with Rabobank into a new one at maturity.
By paying you higher interest for growing your account, Rabobank is providing you with a good incentive to stay on track with your savings.
With Rabobank you get simplified savings with better rates on your investments, especially if you are looking for complete access with a high interest savings account.
Is a Rabobank term deposit guaranteeed by the government for the first $250,000
Hi Elizabeth,
Good day and thanks for your inquiry!
Your deposit with Rabobank up to the value of $250,000 is protected by the Australian Government guarantee. If you’d like to open a Rabobank savings accounts, simply head to their official website where you can submit an online application.
As a friendly reminder, review the eligibility criteria and read up on the Terms and Conditions of the account before committing to the product. Feel free to reach out to the bank if you need any clarifications.
Hope this helps!
Best,
Nikki
If I put money into the high-interest savings account;
Do I need a mobile phone?
Do I need to put in an amount each month?
How do I pay it into the account as at the moment I have not got a Rabo account?
Will it be linked to my personal bank account?
Looking forward to your reply.
Regards,
Michael
Hi Michael,
Thank you for your inquiry.
1. Do I need a mobile phone?
Yes, you need to provide an email address and at least one mobile phone number so that RaboDirect can contact you about your account.
2. Do I need to put in an amount each month?
With RaboDirect High-Interest Savings Account, there is no limit or restriction on the number of monthly deposits you can make into the account.
3. How do I pay it into the account as at the moment I have not got a Rabo account? Will it be linked to my personal bank account?
You will need to link your Australian transaction account with the RaboDirect High-interest Savings Account in order to move your savings in and out of it. Any Australian transaction account will do.
Cheers,
May