8.2/10

Based on 309 Rabobank product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.

Rabobank savings accounts

Rabobank specialises in high interest savings accounts and helping people reach their goals faster. Since starting as a cooperative bank for farmers in 1898, Rabobank have grown into one of the world's largest financial institutions. They were winners of the 2022 Mozo experts choice awards for savings accounts.  On this table, you can see all of the Rabobank savings accounts; for a comparison that includes all of the savings accounts providers, click here.

Rabobank offers the following savings accounts

Rates and fees verified as correct at 25 July 2024. Other information correct at the time of writing. Advertiser disclosure.
Product Interest rate Maximum rate Govt deposit guarantee  
31 Day Notice Saver

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

4.90% p.a. (for $0 to $250,001)

Yes up to $250,000

60 Day Notice Saver

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

4.95% p.a. (for $0 to $250,001)

Yes up to $250,000

90 Day Notice Saver

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

5.00% p.a. (for $0 to $250,001)

Yes up to $250,000

High Interest Savings Account

4.40% p.a.(for $0 to $250,001)

5.75% p.a. (for $0 to $250,001)

Yes up to $250,000

Go to site
PremiumSaver

1.50% p.a.(for $0 and over)

5.45% p.a. (for $0 to $250,001)

Yes up to $250,000

How are Rabobank savings accounts rated?

Mozo users have rated Rabobank savings accounts on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of savings-accounts
Rabobank savings accounts customer reviews
Overall
8.2/10
Price
8.6/10
Features
7.1/10
Customer service
7.8/10
Convenience
7.6/10
Trust
8.5/10
Based on 252 Rabobank product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

Recent Rabobank savings account reviews

Rabobank High Interest Savings Account
Overall 9/10
Rabodirect High Interest Savings Account

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.

Read full review

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.

Price
8/10
Features
5/10
Customer service
10/10
Convenience
8/10
Trust
10/10
Less
Vanessa, Victoria, reviewed 4 months ago
Rabobank High Interest Savings Account
Overall 8/10
Great interest rate on Rabobank account

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.

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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.

Price
10/10
Features
5/10
Customer service
8/10
Convenience
8/10
Trust
10/10
Less
Shevaun, Australian Capital Territory, reviewed 4 months ago
Rabobank High Interest Savings Account
Overall 1/10
Would not recommend using Rabobank.

I wouldn’t recommend opening up a high savings account with Rabobank. We had nothing but problems opening the account, setting up online banking and then closing the account.

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I wouldn’t recommend opening up a high savings account with Rabobank. We had nothing but problems opening the account, setting up online banking and then closing the account.

Price
8/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Robyn, New South Wales, reviewed over 1 year ago
Rabobank Savings Account
Overall 9/10
Rabobank has high competitive rates, easy to use.

I have been with Rabobank for over ten years. They have competitive rates and a wide selection of savings accounts to choose from. Of course they entice new members with a very good short term savings rate but after the initial period, their rates are still very good, compared to other banks. With their newest portal they have lost the function of being automatically told how much interest you accrue month by month. This was really a good feature. However, not that important if you don't have much money. I have only ever used online banking. Money is not a problem to move to and from the acccount. Main thing is they are easy to use and have very good security. It is a pleasure to do business with this bank.

Read full review

I have been with Rabobank for over ten years. They have competitive rates and a wide selection of savings accounts to choose from. Of course they entice new members with a very good short term savings rate but after the initial period, their rates are still very good, compared to other banks. With their newest portal they have lost the function of being automatically told how much interest you accrue month by month. This was really a good feature. However, not that important if you don't have much money. I have only ever used online banking. Money is not a problem to move to and from the acccount. Main thing is they are easy to use and have very good security. It is a pleasure to do business with this bank.

Price
9/10
Features
8/10
Customer service
8/10
Convenience
8/10
Trust
9/10
Less
Margaret, New South Wales, reviewed almost 2 years ago
See all savings account reviews
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.
Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers.

Savings account quick links