Rabobank

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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Promoted
Savings account offer
Savings account offer
Promoted
0.55 % p.a.
max rate
0.10 % p.a.
standard variable rate
  • Maximum rate: 0.55% p.a.
  • Standard variable rate: 0.1% p.a.
  • Monthly fees: $0

Rabobank SMSF PremiumSaver

Ongoing, variable 0.55% p.a. when you link to an Rabobank High Interest Savings Account and increase your balance by $200+ each month. Available on balances up to $250,000.

Rabobank savings accounts and term deposits

Name Product Maximum Variable Rate p.a. Standard Variable Rate p.a. Intro Period Government Guarantee
Rabobank SMSF PremiumSaver
0.55%
0.1%
Ongoing
Rabobank High Interest Savings Account
1.35%
0.25%
4 months
Rabobank PremiumSaver
0.9%
0.1%
Ongoing
Rabobank Cash Management Account
Rabobank Cash Management Account
0.1%
0.1%
Ongoing
Rabobank Premium Cash Management Account
Rabobank Premium Cash Management Account
0.2%
0.2%
Ongoing
Rabobank Farm Management Deposits - Variable FMD - all up rates
Rabobank Farm Management Deposits - Variable FMD - all up rates
0.05%
0.05%
Ongoing
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Name Product 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
0.45%
-
-
0.75%
-
0.75%
0.50%
Suited to customers with deposits between $1,000 and $2,000,000.
With a Rabobank Term Deposit you will receive a competitive rate on your deposits and the choice of a 1, 3, 6, 9 or 12 month term.
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Name Product Contactless Payments Instant Payments ATM Withdrawal Fee Monthly account fee
Rabobank Call Deposit
Rabobank Call Deposit
N/A
N/A
$0
$0
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Name Product Maximum Variable Rate p.a. Standard Variable Rate p.a. Intro Period Government Guarantee
Rabobank Notice Saver SMSF (31 days)
0.55%
0.55%
Ongoing
Rabobank Notice Saver SMSF (60 days)
0.6%
0.6%
Ongoing
Rabobank Notice Saver SMSF (90 days)
0.7%
0.7%
Ongoing
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Name Product Maximum Variable Rate p.a. Standard Variable Rate p.a. Intro Period Government Guarantee
Rabobank SMSF PremiumSaver
0.55%
0.1%
Ongoing
Rabobank High Interest Savings Account (SMSF)
Rabobank High Interest Savings Account (SMSF)
1.25%
0.25%
4 months
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Name Product Maximum Variable Rate p.a. Standard Variable Rate p.a. Intro Period Government Guarantee
Rabobank SMSF PremiumSaver
0.55%
0.1%
Ongoing
Rabobank High Interest Savings Account
1.35%
0.25%
4 months
Rabobank PremiumSaver
0.9%
0.1%
Ongoing
Rabobank Cash Management Account
Rabobank Cash Management Account
0.1%
0.1%
Ongoing
Rabobank Premium Cash Management Account
Rabobank Premium Cash Management Account
0.2%
0.2%
Ongoing
Rabobank Farm Management Deposits - Variable FMD - all up rates
Rabobank Farm Management Deposits - Variable FMD - all up rates
0.05%
0.05%
Ongoing
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Name Product 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
0.45%
-
-
0.75%
-
0.75%
0.50%
Suited to customers with deposits between $1,000 and $2,000,000.
With a Rabobank Term Deposit you will receive a competitive rate on your deposits and the choice of a 1, 3, 6, 9 or 12 month term.
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Name Product Contactless Payments Instant Payments ATM Withdrawal Fee Monthly account fee
Rabobank Call Deposit
Rabobank Call Deposit
N/A
N/A
$0
$0
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Name Product Maximum Variable Rate p.a. Standard Variable Rate p.a. Intro Period Government Guarantee
Rabobank Notice Saver SMSF (31 days)
0.55%
0.55%
Ongoing
Rabobank Notice Saver SMSF (60 days)
0.6%
0.6%
Ongoing
Rabobank Notice Saver SMSF (90 days)
0.7%
0.7%
Ongoing
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Name Product Maximum Variable Rate p.a. Standard Variable Rate p.a. Intro Period Government Guarantee
AMP Saver Account - 1.35% from 1 Feb 2022
1.35%
0.1%
Ongoing
Westpac Life (18-29 year olds only)
2.5%
0.15%
Ongoing
Virgin Money Boost Saver (25+ year olds)
1.2%
0.1%
Ongoing
MyState Bank Bonus Saver Account
1.1%
0.05%
Ongoing
Virgin Money Boost Saver (18-24 year olds)
1.2%
0.1%
Ongoing
Virgin Money Grow Saver
0.65%
0.1%
Ongoing
Westpac Life
0.25%
0.15%
Ongoing
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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 it's 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 are 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. 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.

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

    Be rewarded with a competitive ongoing interest rate by agreeing to give 90 days notice to withdraw any funds.

  • 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 along with a competitive interest rate to help them grow quickly.

  • 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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4 Responses

    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 Customer Care
      MayJanuary 9, 2017Staff

      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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