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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 Period Government Guarantee Monthly Max Rate Conditions
Rabobank High Interest Savings Account
Maximum Variable Rate p.a.
5.75%
Standard Variable Rate p.a.
4.40%
Intro Period
4 months
Government Guarantee
Monthly Max Rate Conditions
  • N/A
Go to siteView details
Rabobank High Interest Savings Account (SMSF)
Maximum Variable Rate p.a.
4.95%
Standard Variable Rate p.a.
3.60%
Intro Period
4 months
Government Guarantee
Monthly Max Rate Conditions
  • N/A
View details
Rabobank Purpose Saver
Maximum Variable Rate p.a.
3.40%
Standard Variable Rate p.a.
3.40%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
View details
Rabobank SMSF Purpose Saver
Maximum Variable Rate p.a.
2.70%
Standard Variable Rate p.a.
2.70%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
View details
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Showing 4 of 4 results
Name 3 Mths p.a. 4 Mths p.a. 5 Mths p.a. 6 Mths p.a. 7 Mths p.a. 12 Mths p.a. 24 Mths p.a.
Rabobank Term Deposit
$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.
5.00%
7 Mths p.a.
-
12 Mths p.a.
5.00%
24 Mths p.a.
4.50%
More Info
Rabobank Term Deposit (SMSF)
$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.
5.00%
7 Mths p.a.
-
12 Mths p.a.
5.00%
24 Mths p.a.
4.50%
More Info
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Showing 2 of 2 results
Name Maximum Variable Rate p.a. Standard Variable Rate p.a. Intro Period Government Guarantee Monthly Max Rate Conditions
Macquarie Savings Account
Maximum Variable Rate p.a.
5.35%
Standard Variable Rate p.a.
4.75%
Intro Period
4 months
Government Guarantee
Monthly Max Rate Conditions
  • N/A
Go to siteView details
MyState Bank Bonus Saver Account
Maximum Variable Rate p.a.
5.00%
Standard Variable Rate p.a.
0.05%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $20
  • 5 debit card purchases
Go to siteView details
ING Savings Accelerator ($150,000 - $500,000)
Maximum Variable Rate p.a.
5.20%
Standard Variable Rate p.a.
4.70%
Intro Period
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Welcome rate applies up to $500K
Go to siteView details
Bank of Queensland Future Saver Account - 14 to 35 years
Finder Award
Maximum Variable Rate p.a.
5.50%
Standard Variable Rate p.a.
0.05%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $1,000
  • 5 eligible transactions
Go to siteView details
Rabobank High Interest Savings Account
Maximum Variable Rate p.a.
5.75%
Standard Variable Rate p.a.
4.40%
Intro Period
4 months
Government Guarantee
Monthly Max Rate Conditions
  • N/A
Go to siteView details
Westpac Life (18-29 year olds only)
Maximum Variable Rate p.a.
5.20%
Standard Variable Rate p.a.
2.00%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow your balance
  • 5 debit card purchases
Go to siteView details
Newcastle Permanent Online Savings Account
Maximum Variable Rate p.a.
5.00%
Standard Variable Rate p.a.
1.00%
Intro Period
3 months
Government Guarantee
Monthly Max Rate Conditions
  • N/A
Go to siteView details
ING Savings Maximiser
Finder Award
Maximum Variable Rate p.a.
5.50%
Standard Variable Rate p.a.
0.55%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $1,000
  • 5 transactions
  • Grow your balance
  • Balances up to $100,000
Go to siteView details
IMB Reward Saver Account
Maximum Variable Rate p.a.
5.25%
Standard Variable Rate p.a.
0.00%
Intro Period
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $50
  • No withdrawals
Go to siteView details
ME HomeME Savings Account
Maximum Variable Rate p.a.
5.55%
Standard Variable Rate p.a.
0.55%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $2000
  • Grow balance
Go to siteView details
Australian Unity Freedom Saver ($50,000 - $250,000)
Maximum Variable Rate p.a.
5.10%
Standard Variable Rate p.a.
5.10%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
Go to siteView details
Bank of Queensland Simple Saver Account
Maximum Variable Rate p.a.
4.85%
Standard Variable Rate p.a.
4.85%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
Go to siteView details
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Showing 12 of 15 results

Quick facts about Rabobank

  • Rabobank accounts focus on helping Australians grow their wealth through a number of different types of savings products
  • Rabobank is known for its focus on agriculture and is a large investor in local farming
  • Rabobank is a part of the Dutch Rabobank Group which was founded in 1898 is now one of the world's largest financial institutions
  • Rabobank 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.

Bank@Post

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.

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.

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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8 Responses

    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)?

    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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