Rabobank Online Savings  PremiumSaver

Rabobank Online Savings PremiumSaver

Maximum Variable Rate


Standard Variable Rate


Be rewarded with bonus interest each month you grow your savings. A great incentive to save!

  • No monthly fees
  • Access your money online and via mobile app
  • Bonus interest is applied if your balance increases by $200 each month
  • Extra security with Rabobank's security device

Product details

Need some more incentive to save? The Rabobank PremiumSaver rewards your good savings habits with bonus interest each month you grow your balance by $200. Plus, you'll pay no account keeping fees, meaning every dollar you save gets you closer to achieving your savings goal.


The great thing about this account is you still receive the bonus interest for months where you need to dip into your savings.

Product Name
Rabobank Online Savings PremiumSaver
Maximum Variable Rate
1.95% p.a.
Standard Variable Rate
0.35% p.a.
Bonus Variable Rate
1.60% p.a.
Introductory / Bonus Offer Conditions
Earn 1.95% p.a. with Rabobank's Online Savings PremiumSaverr Account when you increase your balance at least $200 monthly. Rates available on balances up to $250,000.
Monthly Fee
Minimum Opening Deposit
Minimum monthly deposit for bonus interest rate
Internet Banking
Internet Transaction Fee
Phone Banking
Phone Transaction Fee
Joint application?
Minimum Age Requirement
Maximum Age Requirement
No Maximum Age
Covered by Government Guarantee?
Yes (Up to $250,000 per person, per institution)

What are the features of the Rabobank PremiumSaver?

Look closely at the following features of this account to see how they stack up in your comparisons:

$0 monthly account keeping fees

With the PremiumSaver you are not charged any monthly fees for maintaining the account.

Earn up to 1.95% interest on your balance

You can earn a competitive maximum variable rate of 1.95% on your balance each month you deposit at least $200. If you don't meet the deposit requirement, you'll earn the standard variable interest rate of 0.35%.

Monthly deposit requirements for bonus interest

If the closing balance on your account is at least $200 higher on the last business day of the month than it was on the first day of the month (excluding interest earned) you'll receive the bonus interest rate.

Link to your existing bank account

You can easily transfer funds to and from the Rabobank PremiumSaver account to any Australian transaction account, it just needs to be in the same name.

Internet and mobile banking

You can view and manage your account through internet and mobile banking. The Rabobank mobile app can be downloaded for free to the iOS or Android device of your choice.

Features to keep your money secure

Rabobank will send you a special security device that generates a unique number to use as a pass code every time you wish to log in to your account. The device is not needed for the app, as that is equipped with its own version. This feature makes it difficult for anyone to gain access to the account who does not know your pin number as well as how to login to your DigiPass for the pass code. The Australian Government Guarantee Scheme also insures up to $250,000 which means your money is protected or guaranteed should the bank collapses.

Compare more Rabobank savings accounts.

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  • Ongoing interest rate of 1.95% p.a. (conditions apply)
  • $0 Account keeping fees
  • Can be linked to any Australian bank account


  • Need to increase balance by $200 each month in order to earn bonus interest.

How do you apply for the Rabobank PremiumSaver?

If the features of the Rabobank PremiumSaver provide you with what you need to meet your savings goals, click “Go to Site” and be redirected to the secure application page. Check first to make sure that you are able to meet the eligibility requirements for this account:

Eligibility to apply online

  • Minimum age. Applicants for this account must be at least 18 years of age.
  • Residency requirements. Only Australian residents and citizens can apply for the PremiumSaver.
  • Depository requirements. You are not required to make any initial opening deposit.

Documentation for your online application

If you meet the requirements and believe the Rabobank PremiumSaver meets your needs, put the following documentation together in order to help you in completing the online application quickly:

  • Tax file number. Rabobank is required to withhold tax on the interest earnings for this account. By providing your tax file number (TFN) or TFN exemption code you are ensuring that it is withheld at the correct rate.
  • Identification. Information from your driver’s licence, passport or Medicare card will be needed in order for Rabobank to be able to electronically verify your identity.
  • Linked account. You'll automatically receive a Rabobank High Interest Savings Account also when opening your PremiumSaver.  You must have a transaction account in the same name (with Rabobank or at another Australian financial institution) that the High Interest Savings Account can be linked to and provide the account number and BSB on your application. For all accounts, you are required to provide Rabobank with a valid direct debit authority so that they may make transfers on your behalf.

What happens after I've submitted the application online?

After having confirmed the details that you provided, the PremiumSaver account will be opened in your name. A welcome pack will then be sent to your address containing the details of the account and your DigiPass. Instructions on how to setup and use the DigiPass will also be included. You should allow up to five business days for the welcome pack to arrive in the mail.

Do you have a listing showing daily transfer limits for the various saver accounts, for transferring out of them? e.g. when I want to transfer money out of the Hero Saver account what is the daily limit for internet transfers?

Internal transfers (i.e. Bankwest to another Bankwest account), there is no daily limit. For external transfers, the maximum daily limit is $20 000.

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