Rabobank Savings Accounts

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Rabobank is a provider of savings accounts, as well as other banking solutions such as term deposits.

Compare Rabobank savings accounts

Considering a savings account from Rabobank? The table below displays a snapshot of Rabobank savings accounts on Canstar’s database, sorted by Star Rating. These results are based on a regular saver profile in NSW with $10,000 in current savings. If you are considering a Rabobank savings account, check upfront with Rabobank and read any relevant product documents to ensure the product meets your needs before committing to it.

Compare Savings Accounts

What savings accounts does Rabobank offer?

Rabobank offers the following savings accounts at the time of writing:

High Interest Savings Account

This account offers a bonus introductory variable rate for the first four months (up to $250,000) on top of the standard variable rate. 

PremiumSaver

A savings account with a higher rate of interest for savers who increase their balance by at least $200 each month.

Notice Saver

This savings account requires savers to provide a minimum amount of notice before they can withdraw their money. Notice periods of 31, 60 and 90 days are on offer.

You can view the current interest rates of some Rabobank savings accounts in Canstar’s comparison tables.

Do Rabobank savings accounts require a linked transaction account?

When applying for a Rabobank savings account, you are required to have a bank account in your name with another financial institution in Australia. Rabobank do not offer transaction accounts themselves.

You can compare transaction accounts with Canstar here to potentially find one that suits your requirements.

Does Rabobank charge fees on its savings accounts?

Savings accounts can come with several fees, such as monthly account-keeping fees, transaction fees, withdrawal fees and more. Rabobank charges no account keeping fees on any of its savings accounts at the time of writing.

For more information on current fees and how they apply, please check the Product Disclosure Statement (PDS).

What does Rabobank offer in terms of mobile banking for savings accounts?

Rabobank offers both online and mobile banking for its savings products, with its app available in both the Apple and Google store. Notable features of Rabobank’s mobile banking include:

  • Check up to three account balances without logging in using the ‘Balance Peek’ feature
  • Transfer money in, out, or between your accounts
  • View account information, including transaction history, pending transactions and more. 

How to apply for a Rabobank savings account

Before applying for a Rabobank savings account, consider comparing it against other savings accounts on the market to ensure it is the right one for you.

Compare Savings Accounts

You can then apply for a Rabobank savings account online, provided you have the correct documentation:

  • An Australian bank account in your name with another financial institution.
  • A valid Australian driver’s licence or passport;
  • Your mobile by your side; and
  • Your Tax File Number (TFN) if you have it handy.

Rabobank does not require you to make a deposit into the account before being activated. 

Eligibility requirements

Before applying for a Rabobank savings account, you will also have to meet the following eligibility requirements:

  • You must be over 16 years of age; and
  • You must be an Australian resident and reside in Australia.

About Rabobank

Rabobank was originally founded in 1898 as a rural credit cooperative by Dutch farmers. Today, Rabobank operates in 38 countries, including the Netherlands, and says it is one of the world’s largest rural lenders. At the time of writing, Rabobank has 61 branches across Australia as well as 400 rural specialists.

Written by: Maddie Clarey | Last updated: May 1, 2019