Rabobank PremiumSaver
We currently don't have this product on Finder
- Maximum variable rate
- 4.65% p.a.
- Base interest rate
- 0.60% p.a.
- Minimum deposit
- $200
Our verdict
Save a modest amount each month and you can stay on track to earn a higher interest rate.
This account offers a decent interest rate with no minimum balance. You just need to save at least $200 a month. Plus, you'll pay no account keeping fees, meaning every dollar you save gets you closer to achieving your savings goal.
Pros
-
High ongoing bonus rate of 4.65% p.a.
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$0 Account keeping fees
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Bonus rate available on balances up to $250,000
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You can make withdrawals throughout the month
Cons
-
Must grow balance by $200 each month in order to earn bonus interest
Details
Key details
| Product Name | Rabobank PremiumSaver |
| Maximum Variable Rate | 4.65% p.a. |
| Standard Variable Rate | 0.60% p.a. |
| Monthly Account Fee | $0 |
| Minimum Opening Deposit | $0 |
| Minimum Age | 18 |
Congratulations, Rabobank !
The Rabobank PremiumSaver was highly commended for Best Savings Account in the 2025 Finder Awards.
Full list of 2025 winnersSources
Your reviews
Alison Finder
Editorial Manager, Money
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Alison Banney Finder
November 17, 2025
Hi,
Yes when you open a Premium Saver account you will automatically get a Rabobank High Interest Savings account as well. This is just so that you can switch between either account depending on your preferences, as the HISA has no ongoing monthly deposit conditions to meet (but comes with a lower rate).
You can transfer money into the account from any Australian bank account.
Thanks,
Alison
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Ian Douglas Barrie
October 20, 2025
I have tried several times to arrange an account which I have received my account number but cannot get any further.
Regards Ian
Sarah Megginson Finder
October 20, 2025
Hi Ian,
Your best bet is to contact Rabobank customer support. You can call them on 1800 445 445.
Col
October 15, 2025
Is interest calculated daily but only paid at the end of the month? Ie is it possible to set up the account to be able to move money in and out of the account between day 2 and the second last day of the month and still gain the bonus interest across the daily balances (which would have fluctuated over time)? That is would this scenario be achievable: the closing balance for month 1 of opening the account = at least $200; for month 2 the total at the end of month = total as at end of month 1 + % earned for month 1 + $200 while across month 2 additional moneys will have gone in and out of the account between day 2 and the second last day of the month and the bonus interest applied to the account will be based on the daily balances and not just the closing balance total come month end?
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Sarah Megginson Finder
October 16, 2025
Hi Col,
I’m not quite sure what you mean. But to answer your question, yes, the interest is calculated daily and then paid at the end of the month. You need to grow your balance by $200 each month excluding interest in order to earn bonus interest. That means in month one, you must deposit $200+. In month two, you must deposit at least $200, bringing the balance up to $200 (month 1) plus $200 (month 2) plus any interest.
The T&Cs state:
“If you withdraw your interest during the month you will need to ensure you make deposits to cover the interest amount withdrawn (and any other amounts withdrawn) and at least an additional $200 to be eligible for the bonus rate by the last business day.”
This indicates that if you withdraw any money during the month, on the very last day, the balance must be at least $200 higher (plus interest) than the balance on the last day of the previous month. Hope this helps!
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Theo
September 30, 2025
Can I have more than one account
Sarah Megginson Finder
October 03, 2025
Hi Theo,
No, you can’t have more than one Rabobank RaboSaver (High Interest Savings Account or HISA), but you can have other Rabobank savings accounts like one PremiumSaver, one Purpose Saver and one of each of the Notice Saver accounts at any one time. Hope this helps!
Jill Hayward
August 31, 2025
Does the balance of a Rabobank PremiumSaver have to increase by $200 plus interest credited on 1st of the month to qualify for bonus interest at end of the month or can you remove the interest earned and just add $200 to qualify for bonus interest
Alison Banney Finder
September 01, 2025
Hi Jill,
As stated on Rabobank’s site: “If you withdraw your interest during the month you will need to ensure you make deposits to cover the interest amount withdrawn (and any other amounts withdrawn) and at least an additional $200 to be eligible for the bonus rate by the last business day.”
So no, you can’t withdraw your interest and just deposit $200.
Hope this helps,
Alison
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Fiona
November 07, 2025
Hi,
I can see that when we open a Premium Saver we need to have a HISA as well, a couple of questions;
– is this because you can’t deposit directly into the Premium Saver?
– it also states you need a transaction account linked – is this the HISA or do you need to link another account as well?
thanks
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