Featured savings accounts
High Interest Savings Account
UP TO
%
P.A.^
^4 month intro rate for new customers. Subject to change.
Term Deposits
1 YEAR TERM
%
P.A.*
* Interest paid annually. Early termination fees apply. Excludes 0.10% loyalty bonus.
5 YEAR TERM
%
P.A.**
** Interest paid annually. Early termination fees apply. Excludes 0.10% loyalty bonus.
Download our brochure to learn about the Rabo Difference and our savings products.
High Interest Savings Account
Up to
%
p.a^
Get the most out of every dollar you save without changing your everyday bank, helping you save in the most flexible way.
Premium
Saver
Up to
%
p.a*
Create a smart saving habit and get a higher rate of interest just for increasing your balance by at least $200 each month*.
Notice
Saver
90 Day Notice Saver up to
%
p.a.
Ideal when you don't need instant access to your savings and want to stay focused on your goals.
Term
Deposits
1 year term
%
p.a**
Lock in your savings and get a guaranteed return. You can start from as little as $1,000 with terms from 1 month to 5 years.
The most commonly asked questions
You can transfer funds into your High Interest Savings Account (HISA) using the 'Transfer money’ feature via both Internet and Mobile Banking if you have direct debits enabled. To enable direct debit functionality please contact our Sydney based team on 1800 445 445, Monday to Friday between 6am and 8pm.
You can also transfer funds into any of your HISA or PremiumSaver accounts via electronic funds transfer (EFT) from most Australian accounts using your Rabobank BSB and account number.
Yes, interest rates offered on our High Interest Savings Account, Purpose Saver, Notice Saver and PremiumSaver are variable and may change. Our Term Deposits have fixed rates.
We'll always let you know when the interest rates change.
Interest is calculated daily throughout the month and is paid into your High Interest Savings Account at the end of each month. You can see the amount of interest you have earned for the previous month on the next months account statement or transaction history.
The introductory variable rate is variable, which means it is subject to change.
The introductory variable rate is available for accounts opened on or after 15th June for a period of 4 months on balances up to $250,000.
The portion of account balance greater than $250,000 earns the standard variable rate for that tier.
After the introductory 4 month period, all balances revert to the current standard variable rates on those tiers.
Please refer to the ‘My Rates’ page for details.
The High Interest Savings Account (HISA) is our primary account which all customers are required to have when combined with any of our Online Savings accounts or Term Deposits. It is a variable rate product, with no fees, no minimum balance requirements and no minimum term. You can transfer money any time between your Linked account with your other bank and your HISA using either the BSB and account number or our direct debit option to transfer money in from your nominated linked account once it has been verified. From your HISA you can also instantly transfer funds into any of your other Online Savings accounts or to open Term Deposits.
Customers can only open one HISA per entity type (individual, joint and SMSF). If you have more funds to invest and would like to maximise your interest we have a range of savings products that may meet your needs. More information about these products can be found on our website.
Interest is calculated daily on the available account balance and paid monthly. There are three tiers and the HISA interest rate offered depends on your account balance. These tiers apply to all personal, joint and SMSF accounts;
Tier 1: for account balances up to $250,000
Tier 2: on the portion of your balance between $250,001 and $1million
Tier 3: on the portion of your account balance which is above $1million
Click here to check current personal interest rates or Click here to check current SMSF interest rates.
To see exactly how much interest you're earning, log in to Internet Banking and click ‘view rates’ next to your High Interest Savings Account on the home page.
^Current 4 month introductory variable rate for new personal customers on deposits up to $250,000. Rate subject to change.
*Interest rates displayed are maximum rates for Personal accounts. For minimum rates, please refer to the rates page. Maximum rates apply when your closing balance on the last business day of the month is at least $200 higher than it was at the beginning of the first day of the month (excluding interest earned).
**Interest paid at maturity. Early termination fees apply. Excludes 0.10% loyalty bonus.
For more information about these awards please visit Mozo and Canstar.