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01/02/2025
Money Magazine’s Sharyn McCowen with Rabobank’s Sonika Singh, and Aman Ramrakha of Rainmaker Information, presenting the award.
Rabobank’s SMSF PremiumSaver was recently voted Best of the Best by Money Magazine for 2025, a testament, Sonika Singh believes, to the product’s leadership in the market.
“Absolutely thrilled”, was how Sonika, part of Rabobank’s Deposits Relationship team, described receiving the award, and beamed that the accolade recognised the bank’s commitment to providing exceptional value and service to its SMSF customers.
“Whether it’s saving for the future, or reassurance you can enjoy your retirement, there’s so much emotion tied up in the process, we appreciate this and are proud to be offering a product that supports these aspirations.”
“It’s extremely rewarding knowing we’re helping our customers, particularly during this challenging time of high inflation and cost of living pressures – people still want to be able enjoy life, and helping them achieve their goals is a really nice feeling.”
“We’re all very proud knowing we’ve received this award by helping our SMSF customers achieve a healthy return on their investments. This award isn’t just about our success, but it also reflects the value our clients enjoy through us.”
“Be it savings for a holiday or retirement, particularly for our SMSF customers, our PremiumSaver offers customers the stability of having regular interest payments which allows better budgeting and planning, liquidity for any emergency, and helps diversify the funds overall investment portfolio.”
Simplicity the key to success
Ensuring simple, flexible, and secure access to savings – with deposits that support farmers – is, Sonika believes, what sets Rabobank’s products apart.
“Having an SMSF requires our customers to not only set their investment goals, but there’s also ongoing management to consider,” she explains. “Rabobank is committed to making it easy for everyone to save, with our secure self-service online and mobile banking extremely convenient, and a customer service team ready to help.”
Some of the Rabobank Deposits Relationship team, Rohana Nithiaseelan, Sonika Singh and Olivia Dickson-Battye, celebrating their award.
Rabobank’s customer service team is based in Australia and New Zealand, and Sonika believes the comfort knowing that there’s someone only a phone call away is extremely valuable.
The fact all deposits held with Rabobank have Government Guarantee up to $250,000 per person provided further customer assurance.
A variety of Rabobank saving options, to suit a variety of needs
With a range of savings options, including award-winning Term Deposits and High-Interest Savings accounts, as well as the popular Notice Saver, Sonika said Rabobank had a savings product to suit different needs.
“We have something for every customer type, and can really drill down on what it is a client needs, and tailor an option specifically.”
Understanding the challenges of customers, coupled with tailored offerings such as the Premium Saver account, allows the flexibility necessary to grow savings, and be rewarded for it.
“Our PremiumSaver really helps reinforce positive saving habits, enabling a higher rate of interest just for increasing your balance by at least $200 each month – reflective of the old ‘piggy bank’ style of saving.
“If someone wants to commit to saving just $200 per month they will earn the highest rate of interest on the PremiumSaver, and by putting a little bit away regularly this helps them achieve a savings goal.”
She said this approach to saving was well suited to someone wanting that extra incentive to help them with their savings pattern, and that they’ll be rewarded by earning the highest rate of interest if they increase their balance by $200 before the end of each month.
Having no account-keeping fees was also a welcome point of difference for Rabobank online savers.
“What drives us is our belief that everyone deserves access to financial tools to help them achieve their financial goals, without the burden of account-keeping fees,” Sonika said.
Part of Rabobank’s Deposits Relationship Team, Sonika Singh
For those looking to save with a specific goal in mind, like a car or holiday, Sonika believed the beauty of the Rabobank offering was that individual and joint accounts, offering competitive rates, can be easily added.
“Opening an account online is simple, and moreover Rabobank doesn’t have any account keeping fees, plus you can conveniently manage all your savings through one mobile app which makes the whole experience so comprehensive.”
Saving with farmers in mind
Another Rabobank point-of-difference was that 100 percent of deposits support Australian farmers, food and agribusiness.
“We are not a traditional ‘savings bank’, Rabobank supports our customers in building a sustainable financial future for themselves and their loved ones, and we take pride in the fact that these savings support Australian agriculture, help facilitate vibrant communities, and nurture the land we all depend on.”
Rabobank Australia Limited ABN 50 001 621 129 AFSL 234 700 is the issuer of Rabobank Online Savings. Information provided is of a general nature and does not take into account your objectives, financial situation or needs. Consider these factors along with the relevant terms and conditions, product disclosure statement and target market determination (available at www.rabobank.com.au, at Rabobank branches, or by calling 1300 30 30 33), and seek professional advice before making any financial or tax decisions.