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Rabobank savings accounts and term deposits

Rabobank has a wide range of different savings accounts and term deposit options, however it does not offer any transaction accounts.

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Rabobank

Rabobank savings accounts and term deposits

Name Maximum Variable Rate p.a. Standard Variable Rate p.a. Intro/Ongoing Government Guarantee Monthly Max Rate Conditions
Rabobank PremiumSaver
Rabobank logo
Maximum Variable Rate p.a.
5.35%
Standard Variable Rate p.a.
1.45%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow your balance by $200+ each month
  • Balances up to $250,000
Go to siteView details
Rabobank High Interest Savings Account (SMSF)
Rabobank logo
Maximum Variable Rate p.a.
4.95%
Standard Variable Rate p.a.
3.60%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • N/A
Go to siteView details
Rabobank High Interest Savings Account
Rabobank logo
Maximum Variable Rate p.a.
5.60%
Standard Variable Rate p.a.
4.35%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Balances up to $250,000
View details
Rabobank Purpose Saver
Rabobank logo
Maximum Variable Rate p.a.
3.40%
Standard Variable Rate p.a.
3.40%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
View details
Rabobank SMSF Purpose Saver
Rabobank logo
Maximum Variable Rate p.a.
2.70%
Standard Variable Rate p.a.
2.70%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
View details
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Showing 5 of 5 results
Name 3 Mths p.a. 4 Mths p.a. 5 Mths p.a. 6 Mths p.a. 7 Mths p.a. 11 Mths p.a. 12 Mths p.a. 24 Mths p.a.
Rabobank Term Deposit
Rabobank logo
$1,000 min. deposit$2,000,000 max. deposit
3 Mths p.a.
4.85%
4 Mths p.a.
-
5 Mths p.a.
-
6 Mths p.a.
4.90%
7 Mths p.a.
-
11 Mths p.a.
-
12 Mths p.a.
4.55%
24 Mths p.a.
4.00%
Go to siteMore Info
Rabobank Term Deposit (SMSF)
Rabobank logo
$1,000 min. deposit$2,000,000 max. deposit
3 Mths p.a.
4.85%
4 Mths p.a.
-
5 Mths p.a.
-
6 Mths p.a.
4.90%
7 Mths p.a.
-
11 Mths p.a.
-
12 Mths p.a.
4.55%
24 Mths p.a.
4.00%
Go to siteMore Info
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Showing 2 of 2 results
1 - 12 of 13
Name Maximum Variable Rate p.a. Standard Variable Rate p.a. Intro/Ongoing Government Guarantee Monthly Max Rate Conditions
Suncorp Bank Growth Saver Account
Suncorp Bank logo
Maximum Variable Rate p.a.
5.05%
Standard Variable Rate p.a.
0.35%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow balance by $200 each month (excl. interest)
  • Only 1 withdrawal
  • No balance limit on earning interest
Go to siteView details
Ubank High Interest Save Account
Ubank logo
Maximum Variable Rate p.a.
5.50%
Standard Variable Rate p.a.
0.00%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $500
  • Savings up to $100,000
Go to siteView details
ING Savings Accelerator ($150,000 - $500,000)
ING logo
Maximum Variable Rate p.a.
5.40%
Standard Variable Rate p.a.
4.70%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Welcome rate applies up to $500K
Go to siteView details
Rabobank PremiumSaver
Rabobank logo
Maximum Variable Rate p.a.
5.35%
Standard Variable Rate p.a.
1.45%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow your balance by $200+ each month
  • Balances up to $250,000
Go to siteView details
Macquarie Savings Account
Macquarie Bank logo
Maximum Variable Rate p.a.
5.50%
Standard Variable Rate p.a.
5.00%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Balances up to $250,000
Go to siteView details
Newcastle Permanent Smart Saver Account
Newcastle Permanent logo
Maximum Variable Rate p.a.
4.50%
Standard Variable Rate p.a.
0.05%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow balance
  • No more than 2 withdrawals
Go to siteView details
ING Savings Maximiser
ING logo
Maximum Variable Rate p.a.
5.50%
Standard Variable Rate p.a.
0.55%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $1,000
  • 5 transactions
  • Grow your balance
  • Balances up to $100,000
Go to siteView details
Get 6 months free delivery and $50 Menulog credit with a new Orange Everyday & Savings Maximiser account. New ING customers only. Use code INGMENU1 and activate accounts by 24 Nov 2024. T&Cs apply.
IMB Reward Saver Account
IMB logo
Maximum Variable Rate p.a.
5.25%
Standard Variable Rate p.a.
0.00%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $50
  • No withdrawals
  • Balances up to $1,000,000
Go to siteView details
Earn up to 3.25% p.a. after the introductory period ends.
First Option Bank Savings+Bonus Account
First Option Bank logo
Maximum Variable Rate p.a.
5.00%
Standard Variable Rate p.a.
2.00%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $100
  • No withdrawals
  • Balances up to $249,999
Go to siteView details
Newcastle Permanent Online Savings Account
Newcastle Permanent logo
Maximum Variable Rate p.a.
5.20%
Standard Variable Rate p.a.
1.00%
Intro/Ongoing
3 months
Government Guarantee
Monthly Max Rate Conditions
  • N/A
Go to siteView details
Bankwest Easy Saver
Bankwest logo
Maximum Variable Rate p.a.
5.35%
Standard Variable Rate p.a.
4.00%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Balances up to $250,000.99
Go to siteView details
Westpac Life (18-29 year olds only)
Westpac logo
Maximum Variable Rate p.a.
5.20%
Standard Variable Rate p.a.
1.85%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Make a deposit
  • Grow your balance
  • 5 debit card purchases
  • Balances up to $30,000
Go to siteView details
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Showing 12 of 13 results

Quick facts about Rabobank

  • Rabobank accounts focus on helping Australians grow their wealth through a number of different types of savings products
  • 100% of Rabobank customer deposits are invested in Australian agribusiness.
  • Rabobank Online Savings now operates entirely online in Australia

Accounts offered by Rabobank

Rabobank High Interest Savings Account.

This account offers a bonus interest rate for the first four months with no conditions to meet. Once 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.

Rabobank Premium Saver.

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.

Rabobank Notice 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.

Rabobank Term Deposit.

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.

Different ways to bank with Rabobank

Rabobank operates mostly online in Australia. It has no bank branches for customers to visit and doesn't have an ATM network.

Rabobank Internet and mobile banking

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.

Any pros and cons to Rabobank accounts?

Pros

  • Variety of savings accounts. Rabobank's savings accounts are designed to meet various saving styles.
  • No fees. You are not charged any fees when with Rabobank accounts.
  • Bonus rates. You have the opportunity to earn bonus interest when you are able to meet certain conditions.
  • Link account from another bank. You can link your transaction account from another bank to your savings account with Rabobank.

Cons

  • No branch access. There are no physical Rabobank branches for you to visit. All banking is done online.
  • Poor app ratings. The mobile app has a very low user rating, particularly with Android users.
  • Conditions. You have to meet specific conditions in order to receive the bonus interest on the savings accounts.

How to apply for a Rabobank account online

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.

Eligibility

  • You're over 18 years old
  • You're an Australian resident for tax purposes
  • You have an Australian phone number and residential address

Documentation

  • Personal details like your name, date of birth, residential address, phone number and email address
  • ID documents such as your driver's licence, Medicare card, passport or proof-of-age card

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.

Compare other products from Rabobank

Alison Banney's headshot
Written by

Editor

Alison Banney is the money editorial manager at Finder. She covers all areas of personal finance, and her areas of expertise are superannuation, banking and saving. She has written about finance for 10 years, having previously worked at Westpac and written for several other major banks and super funds. See full bio

Alison's expertise
Alison has written 626 Finder guides across topics including:
  • Superannuation
  • Savings accounts, bank accounts and term deposits
  • Budgeting and money-saving hacks
  • Managing the cost of living

More guides on Finder

  • Rabobank Notice Saver SMSF (31 days)

    Be rewarded with a competitive ongoing interest rate by agreeing to give 31 days notice to withdraw any funds.

  • Rabobank Notice Saver (90 days)

    The Rabobank Notice Saver (90 days) rewards you with a competitive interest rate for agreeing to give 90 days notice before withdrawing your funds.

  • Rabobank Term Deposit

    The Rabobank Term Deposit (SMSF) offers a range of benefits and features to help you boost your savings.

  • Rabobank Notice Saver (31 days)

    With Rabobank’s Notice Saver, you are given flexibility to access your funds with advanced notice, along with a competitive interest rate.

  • Rabobank Term Deposit

    Be rewarded for your loyalty with bonus interest when you roll your term deposit with Rabobank into a new one at maturity.

  • Rabobank PremiumSaver

    By paying you higher interest for growing your account, Rabobank is providing you with a good incentive to stay on track with your savings.

  • Rabobank High Interest Savings Account

    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.

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10 Responses

    Default Gravatar
    StephenJuly 13, 2024

    I am my mothers Enduring Power of Attorney, and I look after her finances on her behalf. She doesn’t have a computer or a mobile phone. Can I arrange an account in her name using her address, security details etc, but using my email address and Mobile number. I can supply documented proof of the EPOT.

      AvatarFinder
      SarahJuly 16, 2024Finder

      Hi Stephen,

      That should be fine, provided you’re able to verify her ID to the bank’s satisfaction. If you have any concerns or want help arranging your mother’s accounts, you can contact Rabobank directly for customer support on (07) 3115 1810.

    Default Gravatar
    GeorgeSeptember 9, 2023

    hello .
    can I deposit money into my high interest account from any another bank other than my linked account .
    thank you george

      AvatarFinder
      AlisonSeptember 29, 2023Finder

      Hi George, yes you can transfer money into the account as a normal bank to bank transfer using the BSB and Account Number.

    Default Gravatar
    PeterJuly 20, 2022

    How and where do I apply for a Rabobank term deposit in joint names ( 2 people)?

      AvatarFinder
      AlisonAugust 12, 2022Finder

      Hi Peter,

      You can see the current rates for a Rabo term deposit here.

      When you apply online, you can open the account as a joint account.

      Thanks,
      Alison

    Default Gravatar
    ElizabethMay 28, 2019

    Is a Rabobank term deposit guaranteeed by the government for the first $250,000

      Default Gravatar
      NikkiMay 30, 2019

      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

    Default Gravatar
    MichaelJanuary 9, 2017

    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

      AvatarFinder
      MayJanuary 9, 2017Finder

      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

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