Your selected savings accounts
Rabobank is a provider with a focus on the agricultural sector, serving Australia’s farming community and agribusiness. With Rabobank, savers have access to several banking products and savings account products.
Among its products are a High Interest Savings Account, a Premium Saver and a 90 Day Notice Saver. Each of these has its own interest rate terms, benefits and features which should be considered before deciding.
Your selected savings accounts
Our teenage children recently opened high interest savings accounts with Rabobank. The interest rate on their accounts was very competitive and the accounts incredibly easy to open and manage. Highly recommend.
I was very happy to find that Rabobank offers a great interest rate on its high interest savings accounts. It was a simple process to open the account and the app is very easy to use.
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.
Rabobank is an Authorised Deposit-taking Institution (ADI) in Australia. As such, deposits up to $250,000 are protected by the Australian Government's Financial Claims Scheme, providing a high level of security for your savings.
High-interest savings accounts usually have minimal to no monthly fees and Rabobank is no exception.
^See information about the Mozo Experts Choice Savings Account Awards
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