Rabobank Savings Accounts Rates and Reviews

Rabobank Australia Savings Accounts as of April 2024

Provider	Base interest rate	Max interest rate	Total interest earned	Introductory Term	Minimum Amount	Maximum Amount	Account Keeping Fees	Min. Monthly Deposit	Min. Opening Deposit	Linked account required	ATM Access	EFTPOS Facility	as ofApril 23, 2024

	5.00^%_p.a.	5.00^%_p.a.	^$1,023		^$0	^$250,000	0	0	0	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	More details
	90 day Notice Saver (under $250k)
90 day Notice Saver (under $250k) More details
	4.95^%_p.a.	4.95^%_p.a.	^$1,013		^$0	^$250,000	0	0	0	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	More details
	60 day Notice Saver (under $250k)
60 day Notice Saver (under $250k) More details
	4.90^%_p.a.	4.90^%_p.a.	^$1,002		^$0	^$250,000	0	0	0	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	More details
	31 days Notice Saver (under $250k)
31 days Notice Saver (under $250k) More details
	4.40^%_p.a.	Intro rate for 4 monthsthen 4.40% p.a. 5.75^%_p.a.	^$980	4	^$0	^$250,000	0	0	0	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	More details
FEATURED	High Interest Savings Account (< $250k) Bonus rate for the first 4 months from account opening No account keeping fees No minimum balance
FEATURED High Interest Savings Account (< $250k) Bonus rate for the first 4 months from account opening No account keeping fees No minimum balance More details
	Bonus rate of 2.50%Conditions apply. 2.50^%_p.a.	5.00^%_p.a.	^$1,023		^$0	^$250,000	0	200	0	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	More details
	PremiumSaver (Amounts < $250k)
PremiumSaver (Amounts < $250k) More details

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Rabobank Australia offers a variety of savings account options that cater to different saving needs and preferences.

The bank uses customer deposits to help provide loans to farmers and agribusinesses. For that reason, it aims to offer competitive interest rates to attract and retain depositors.

Here’s a detailed analysis of their current offerings, including features, benefits, and eligibility criteria.

Types of Savings Accounts

Product	Unique features	Interest rate information
High Interest Savings Account (HISA)	Market-leading introductory rate (at time of writing)	Introductory rate available for the first 4 months Reverts to standard variable rate after the introductory period
PremiumSaver	Bonus interest rate offered to those who grow their balance every month	Depositors must grow balance by at least $200 each month to receive bonus interest
Notice Saver	Higher variable rates offered to those who give set amount of notice before a withdrawal	Lock savings away for 31, 60, or 90 days at a time Higher rates for longer notice periods

These accounts are designed to cater to a range of saving habits and goals, offering both flexibility and incentives to save more effectively.

In order to open a Notice Saver, PremiumSaver, or a term deposit with Rabobank, a depositor must also open a High Interest Savings Account.

Rabobank savings accounts and term deposits are open to both individual savers and Self-Managed Super Funds (SMSFs).

High Interest Savings Account (HISA)

This account features a high introductory interest rate for the first four months to attract new customers, applicable on balances up to $250,000.

After the introductory period, the rate shifts to a standard variable rate, with lower rates offered for balances of over $250,000.

The account is designed to be straightforward, with no monthly fees and no minimum balance requirements.

PremiumSaver

The PremiumSaver rewards customers who are able to consistently save, offering a higher interest rate when the account balance is increased by at least $200 each month.

This account is therefore likely suitable for savers who can commit to regular deposits and aim to build their savings steadily over time.

Interest rates are tiered, with balances of under $250,000 receiving the highest rate.

Notice Saver

Offering reduced flexibility with a higher yield, the Notice Saver account provides higher interest rates for those who agree to give notice of 31, 60, or 90 days before withdrawing funds.

The longer the notice period, the higher the interest rate, which could benefit savers who don’t need immediate access to their funds and can plan their financial needs around these periods.

This account might be suitable for those looking for better returns and who can adapt to the notice requirements for access to funds.