Summary

Put your money into a high interest savings account that requires advanced notice 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 product suits a saver who doesn't need fast access to the money in the account, but doesn't want to lock it away entirely.

Pros

Access funds after the notice period, with flexibility to choose between 31, 60, or 90-day notice options.
No penalty for topping up your savings, allowing consistent contributions.

Cons

Withdrawal restrictions - funds are inaccessible before the notice period, limiting flexibility.
Funds are locked for the notice period, unlike at-call savings accounts that offer immediate access.

Details

Key details

Product Name	Rabobank Notice Saver
Standard Variable Rate	0.00% p.a.
Monthly Account Fee	$0
Minimum Opening Deposit	$0
Minimum Age	18

Key features

Competitive interest rates

The interest rate is variable and rewards you for choosing longer notice periods. 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 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.

Notice options available

You can choose to give notice in 31 days, 60 days, or 90 days (the rate on this guide is for the 31 day notice period). 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.

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.

Compare more Rabobank savings products

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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

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.

Sources

Finder writers are subject matter experts and use primary sources, in-depth research and interviews with other experts to ensure you're getting accurate, up-to-date information. Articles are fact checked in line with our editorial guidelines.
1. Rabobank Notice Saver (31 days) information page
2. Rabobank Notice Saver (31 days) TMD

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Alison Finder

Editorial Manager, Money

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Alison is an editor at Finder and a personal finance journalist with over 10 years of experience, having contributed to major financial institutions and publications such as Westpac, Money Magazine, and Yahoo Finance. She is frequently quoted in media outlets like SmartCompany and SBS, offering expert insights on superannuation and money management. Alison holds a Bachelor of Communications in Public Relations and Journalism from the University of Newcastle, and has earned three ASIC RG146 certifications in superannuation, securities and managed investments and general financial advice, ensuring her expertise is fully aligned with ASIC standards. See full profile

Rabobank Notice Saver (31 days)

Pros

Cons

Key features

Competitive interest rates

No fees whatsoever

Interest is calculated daily

Notice options available

A nominated account is required for transfers

Top up your account whenever you want

How to apply

Eligibility

Documentation needed

What happens after I submit my application?

Sources

Sources

Your reviews

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