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Summary

You could take control over your money with a high interest savings account that lets you decide when it’s time to make a withdrawal.

A Notice Saver from Rabobank is a variable rate savings account where instead of choosing a term length to lock away your money, you choose how much notice you will need to give before you need it. After your notice is given, interest is still earned and the funds you asked for ready for withdrawal when you wanted them. This is an ideal setup for your savings that you don’t need immediate access to, with the flexibility to meet short term goals without penalty. This account has a notice period of 90 days.

Pros

Competitive interest rate of up to 5.00% p.a.
Mobile banking app available
Add to balance at any time

Cons

Required to give 90 days notice to access funds

Details

Key details

Product Name	Rabobank Notice Saver (90 days)
Maximum Variable Rate	5.00% p.a.
Standard Variable Rate	5.00% p.a.
Monthly Account Fee	$0
Minimum Opening Deposit	$0
Minimum Age	16

Key features

Earn up to 5% p.a. interest

The interest rate is variable and rewards you for choosing a longer notice period of 90 days. Note: The interest rate is variable, which means it could change according to the movements of the RBA cash rate.

No fees whatsoever

Rabobank promises that it doesn't charge any fees on the Notice Saver (90 days) account.

Interest is calculated daily

The interest on the balance is calculated each day and paid into your account on the first day of each month, allowing you to earn compound interest. You also have the option of having interest payments credited to your High Interest Savings Account or Purpose Saver Account.

90 days notice required

The Rabobank Notice Saver (90 days) requires you to give 90 days notice to access your funds. When you give your notice to Rabobank you are also going to let them know how much you would like to withdraw. Your account will then continue to earn interest up until the day before your notice term. You can change your notice up until the day before, but if not the money will be automatically transferred into your High Interest Savings Account on the next business day after the notice period ends. If the 90 days notice period is too long for you, you can look at the 31 days or 60 days Notice Savers instead.

A nominated account is required for transfers

Rabobank requires all customers to have a High Interest Savings Account. This account will then be used to make your transfers to and from your Notice Saver.

Top up your account whenever you want

You have the ability to add to your balance whenever you want, simply by transferring money into the account from your linked Australian bank account.

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How to apply

If you are already a Rabobank customer you can apply for the Notice Saver through your online banking platform. If not, you will first have to open the High Interest Savings Account before the Notice Saver.

Eligibility

You can begin the application by clicking "Go to Site" but first, you'll need to satisfy the following eligibility requirements.

Minimum age. You must be at least 16 years of age before you can open the Notice Saver.
Residency requirements. Applicants must be Australian residents for tax purposes with a residential address in Australia.

Depository requirements. Rabobank makes no stipulation for an opening balance.
Bank account. In order to open the Notice Saver you must also have an account in your name with another Australian financial institution.

Documentation needed

Once you confirm that you are eligible, Rabobank suggests having the following documentation nearby in order to make sure that all of the necessary information is included in your application:

Tax file number. Rabobank will ask for your tax file number (TFN) or exemption codes, although this is not obligatory, so that they can withhold tax on your interest earnings at the correct amount.
Identification. In order to verify your identity you will be asked for specific details found on your passport, driver's licence or Medicare card.
Account information. The BSB and account number of an existing bank account at another Australian financial institution. This account must be listed in the same name as you are using to apply for the Notice Saver.

What happens after I submit my application?

For new customers, both accounts will be activated once all of your details have been confirmed. After being notified that the account is ready for use, you can begin making your deposits and choosing the notice period that is right for your circumstance.

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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 site View details Compare	loading Fetching your data...
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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 site View details Compare	loading Fetching your data...
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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	Go to site View details Compare	loading Fetching your data...
St.George Maxi Saver	Maximum Variable Rate p.a. 5.35%	Standard Variable Rate p.a. 1.10%	Intro Period 3 months	Government Guarantee	Monthly Max Rate Conditions N/A	Go to site View details Compare	Max Variable Rate includes 0.35% p.a. for 3 months for new customers who apply online	loading Fetching your data...
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 site View details Compare	loading Fetching your data...
First Option Bank Savings+Bonus Account	Maximum Variable Rate p.a. 5.00%	Standard Variable Rate p.a. 2.00%	Intro Period Ongoing	Government Guarantee	Monthly Max Rate Conditions Deposit $100 No withdrawals Balances up to $249,999	Go to site View details Compare	loading Fetching your data...
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 site View details Compare	loading Fetching your data...
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 site View details Compare	loading Fetching your data...

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Rabobank Notice Saver (90 days)