How does Rabobank’s High Interest Savings account at 5.75% p.a. compare to Police Bank’s U30 SUPER CHARGE saver?

Money and cash falling into a piggy bank for savings

Rabobank's High Interest Saver currently offers a bonus rate of 5.75% p.a. for the first 4 months, making it the highest savings interest rate in the Mozo database as of June. 

Meanwhile, Police Bank's Base Rate Saver offers a high base interest rate of 5.25% p.a., the highest of the base rate savers in the Mozo database right now (but is only available for 18-29 year olds).

Each of these savings accounts comes with benefits but the choice for young adults can be difficult between these types of high interest savers and other leading savings accounts.

The interest rate is probably the first thing you'll look at, but there are other important things to consider such as balance limits, your time frame, and more. 

So let’s compare the two accounts: Rabobank High Interest Savings account vs Police Bank U30 super charge account.

Rabobank High Interest Savings Account

Rabobank's High Interest Saver currently offers a bonus rate of 5.75% p.a., which means it’s an intro rate that reverts to a lower rate of 4.40% p.a. 


  • High promotional interest rate of 5.75% p.a. for 4 months
  • No minimum balance requirement
  • Unlimited free transactions


  • After 4 months, rate drops to 4.40%p.a.
  • Interest is applicable on balances up to $250,000

Police Bank U30 SUPER CHARGE account

Police Bank's Base Rate Saver has a high interest base rate of 5.25% p.a which means you don’t have to meet bonus rate conditions, though there are some restrictions to be aware of that we’ve highlighted below:


  • Consistently high base rate of 5.25% p.a.
  • 3 accounts (One transaction and 2 savings accounts)  
  • No ongoing fees


  • Exclusively available to members aged 18-29 
  • Highest rate is applicable on a combined account balance of up to $30,000 ($10,000 per account)
  • Balance limit of $30,000 
  • Interest earned up to $10,000

How to compare savings accounts

When comparing these two high-interest savings accounts, consider some of the following:

  1. Interest rate: If you prefer a consistently high rate without any promotional periods, Police Bank's U30 Super Charge account may be the better choice. Just keep in mind that savings accounts have variable rates and can move up or down at the provider's discretion.
  2. Balance cap for maximum interest rate: The highest rate on Rabobank's High Interest Saver is for balances up to $250,000 while the highest rate applicable to Police Bank’s U30 Super Charge account is up to $10,000 per account for a combined total of $30,000.
  3. Short-term returns: If you're looking to maximise how much your cash earns in the short term, Rabobank's High Interest Savings Account with its 5.75% p.a. promotional rate for 4 months could be the better option.
  4. Long-term returns: Consider the standard variable rate of Rabobank's High Interest Saver after the promotional period ends to determine which account will provide better long-term returns.

If you’re interested in exploring more savings account options, then you can check out some more providers in the list below or compare high interest savings accounts on our hub page.

Savings account comparisons on Mozo

Mozo may receive payment if you click the products below. We don’t compare the entire market, but you can search our database of 274 savings accounts.
Last updated 16 July 2024 Important disclosures
  • Savings Account

    5.35% p.a. (for $0 to $250,000)

    4.75% p.a.(for $0 to $1,000,000)

    Yes up to $250,000

    Bonus variable rate is available for the first 4 months.

    Competitive introductory variable rate for first 4 months (on deposits up to $250,000). No account keeping fees to pay. Multiple 2024 Mozo Experts Choice Award winner.

  • Reward Saver Account

    5.25% p.a. (for $0 to $1,000,000)

    0% p.a.(for $0 and over)

    Yes up to $250,000

    Intro bonus rate of 5.25% for balances up to $1,000,000 for the first 4 months, reverting to 3.25%. Minimum deposit of $50 and no withdrawals.

    Introductory bonus rate for balances up to $1,000,000 for the first 4 months. Minimum deposit of $50 and no withdrawals. Start your account online in under 10 minutes and earn interest on balances up to $1,000,000 (T&Cs apply). No monthly account fees, helping you save smarter and faster.

  • Bonus Saver Account

    5.00% p.a. (for $0 to $250,000)

    0.05% p.a.(for $0 and over)

    Yes up to $250,000

    Bonus rate when at least $20 is deposited each month and five Visa Debit transactions are made each month using linked Glide transaction account.

    Start saving and earn interest with just a $20 deposit and make 5 eligible transactions each month. No fees or penalties for withdrawing money.

  • Savings+Bonus

    5.00% p.a. (for $0 to $250,000)

    2.00% p.a.(for $0 to $250,000)

    Yes up to $250,000

    Minimum $100 monthly deposit and no withdrawals to earn bonus interest each month.

    Earn a generous interest rate on your at-call savings (T&Cs apply). Interest is calculated daily and paid to you monthly. A $5 monthly membership fee will not apply if your total account balances with First Option Bank exceed $1,000 or you have a credit card or loan with the bank.

  • Life - 18-29 years old

    5.20% p.a. (for $0 to $30,000)

    2.00% p.a.(for $0 and over)

    Yes up to $250,000

    Make 5 eligible card purchases per month with a Westpac Choice account and min 1 deposit and higher balance than at the beginning of the month in Life savings account.

    Are you 18 - 29 years of age? Earn up to a generous variable interest rate on your savings when you spend and save with Westpac. For individuals aged 18 to 29 on Westpac Life account balances up to $30,000.


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