The Finder Score is a simple score out of 10. The higher a savings account's score, the better we think it is for the average customer.
We score each savings account in our database of hundreds based on a data-driven methodology with 2 main criteria: Does the account offer a high interest rate? And is it easy for savers to actually earn that rate?
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Finder Score assigns Term Deposit products a score out of 10, comparing interest rates and features, to make comparison easier. We assess over 150 products from more than 90 providers, assessing products across different terms to determine an average score per product.
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Rabobank was a big winner in the 2026 Finder Awards.
Full list of 2026 savings account winners
Applying online for a new bank account is fast and easy. You'll need identity documents such as your driving licence or passport. For more about the process, check out our full guide to opening an account online.
The Rabobank Term Deposit (SMSF) offers a range of benefits and features to help you boost your savings.
Rabobank's Notice Saver lets you withdraw your money after giving advance notice, and you can add to your balance whenever you like.
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