I have been with Rabobank, after researching high interest savings accounts (they rated in the top 3) because they charge no fees and offer reasonable returns on your money. After Covid they have dropped in rankings and I am currently considering other higher interest account returns but will remain with them until I decide to switch. The pros: No fees, no deposit required, competitive interest rates, can speak with a customer service rep who is helpful and no penalising fee for withdrawing your savings. The cons: Only allowed to transfer to one account (which you must nominate) and can take up to 24 hours to receive your own money.
More Rabobank savings account customer reviewsThe high interest saving account has very competitive interest rate without any condition like monthly deposit amount or spending amount. Very flexible to link up your existing transaction account in another bank in making transfer. Additional bonus rate in the first 4 months.
More Rabobank bank account customer reviewsRabo threatened to block my account which I had for over 12 years if I did not provide a significant amount of extra information. The forms and requirements were onerous. I was left with no choice but to cancel my term deposit and pay an early termination fee. And withdraw all my funds before they froze my account. This bank is outrageous. They were happy with all the information I supplied 12 years ago but now they required significant additional information.
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