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


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


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.


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.

How to manage Rabobank savings accounts

Unlike many other banks, Rabobank doesn’t have any branches in which to provide in-person banking.

Funds can be transferred into Rabobank accounts with an electronic funds transfer from an outside account using your Rabobank BSB and account number.

The bank also provides a direct debit option to transfer money from your nominated linked account once it has been verified.


Rabobank doesn’t charge regular fees to depositors using any of its savings account offerings.