8.2 / 10

based on 303 reviews as rated by Mozo community

Rabobank savings accounts

Rabobank specialises in high interest savings accounts and helping people reach their goals faster. 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 03 March, 2021. 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)

0.65% p.a. (for $0 to $250,001)

Yes up to $250,000

60 Day Notice Saver

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

0.70% p.a. (for $0 to $250,001)

Yes up to $250,000

90 Day Notice Saver

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

0.85% p.a. (for $0 to $250,001)

Yes up to $250,000

High Interest Savings Account

0.30% p.a.(for $0 to $250,001)

1.75% p.a. (for $0 to $250,001)

Yes up to $250,000

PremiumSaver

0.10% p.a.(for $0 and over)

1.00% 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
Overall
8.3/10
Price
Features
Customer service
Convenience
Trust

248 Reviews

Recent Rabobank savings account reviews

Rabobank Savings Account review
Overall 1/10
Bank blocked account for a "review"

Rabo advised me they were reviewing my smsf account. This was to take 5-10 days and they locked my account. 15 days later no contact and stated review ongoing ...the information (ABN numbers and the like) they requested was submitted at time of opening account - years ago and resubmitted 15 days ago. No time frame as to when account might be re-opened. I threatened to close all accounts and was blithely told no problem we won't have to bother with the review!!! I will leave this bank asap - I cannot have my saving hi-jacked

Read full review

Rabo advised me they were reviewing my smsf account. This was to take 5-10 days and they locked my account. 15 days later no contact and stated review ongoing ...the information (ABN numbers and the like) they requested was submitted at time of opening account - years ago and resubmitted 15 days ago. No time frame as to when account might be re-opened. I threatened to close all accounts and was blithely told no problem we won't have to bother with the review!!! I will leave this bank asap - I cannot have my saving hi-jacked

Price
3/10
Features
3/10
Customer service
1/10
Convenience
6/10
Trust
1/10
Less
David., New South Wales, reviewed 21 days ago
Rabobank High Interest Savings Account review
Overall 1/10
Stay away from this organisation.

As others have said, stay away from this mob. They wanted to know where I obtained my initial account opening amount from, despite it coming from a reputable banking establishment. They would not process my account until I explained this. I have a disability and the money came as a result of a court determination. (I see no reason why I should have to divulge this!) I also have a child to look after. They demanded to know about my personal life. And then I came into contact with this robot of a customer service representative. He would not let me talk to a supervisor and said someone will get back to me in 2 days.I am still waiting, 2 weeks later. Have taken my complaint to the Anti-Discrimination Board and the Banking Ombudsman. Have no idea where my opening money is as you cannot access your account until you answer their questions and their machine arrives. I repeat: Stay away. They are obviously not from this planet and have no idea about privacy issues, courtesy and being human. Again, stay away from these aliens. And then they wrote a response: "Thank you for taking the time to share your concerns relating to our customer service and your account opening experience. We are looking into your feedback and have escalated to our management team. We’d like to assure you we will be in touch with you soon to address this." Liar, liar pants on fire: they cancelled my account, kept my money and I can't track its location. And they are earning interest from my money.

Read full review

As others have said, stay away from this mob. They wanted to know where I obtained my initial account opening amount from, despite it coming from a reputable banking establishment. They would not process my account until I explained this. I have a disability and the money came as a result of a court determination. (I see no reason why I should have to divulge this!) I also have a child to look after. They demanded to know about my personal life. And then I came into contact with this robot of a customer service representative. He would not let me talk to a supervisor and said someone will get back to me in 2 days.I am still waiting, 2 weeks later. Have taken my complaint to the Anti-Discrimination Board and the Banking Ombudsman. Have no idea where my opening money is as you cannot access your account until you answer their questions and their machine arrives. I repeat: Stay away. They are obviously not from this planet and have no idea about privacy issues, courtesy and being human. Again, stay away from these aliens. And then they wrote a response: "Thank you for taking the time to share your concerns relating to our customer service and your account opening experience. We are looking into your feedback and have escalated to our management team. We’d like to assure you we will be in touch with you soon to address this." Liar, liar pants on fire: they cancelled my account, kept my money and I can't track its location. And they are earning interest from my money.

Price
1/10
Features
1/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Eden, New South Wales, reviewed about 1 month ago
Rabobank High Interest Savings Account review
Overall 4/10
Disappointing product.

I specifically joined this bank for their High Interest Saving Account product. Since I joined the interest rate has decreased dramatically, which is disappointing. I understand that COVID is causing havoc; however, it would have been nice to receive an email or some sort of communication outlining the huge decrease in rate. The bank also uses a handheld digital pin formulator. This is very inconvenient, especially if you are away from home and need to transfer a large amount of money. Having this process transferred to an app would be much more relevant for today's society. Overall, my experience hasn't been unpleasant, simply disappointed in the lack of communication and difficult processes to transfer money.

Read full review

I specifically joined this bank for their High Interest Saving Account product. Since I joined the interest rate has decreased dramatically, which is disappointing. I understand that COVID is causing havoc; however, it would have been nice to receive an email or some sort of communication outlining the huge decrease in rate. The bank also uses a handheld digital pin formulator. This is very inconvenient, especially if you are away from home and need to transfer a large amount of money. Having this process transferred to an app would be much more relevant for today's society. Overall, my experience hasn't been unpleasant, simply disappointed in the lack of communication and difficult processes to transfer money.

Price
4/10
Features
3/10
Customer service
3/10
Convenience
3/10
Trust
4/10
Less
Jemma, Victoria, reviewed 5 months ago
Rabobank Notice Saver review
Overall 1/10
Don't do it!

I deposited a sum of money the day before they dropped the interest rate severely and without warning that is now locked in for 3 months and there is nothing I can do about it. Very unfair! This product should not meet Australian consumer rights. They can sell you something and trap you with something else!

Read full review

I deposited a sum of money the day before they dropped the interest rate severely and without warning that is now locked in for 3 months and there is nothing I can do about it. Very unfair! This product should not meet Australian consumer rights. They can sell you something and trap you with something else!

Price
1/10
Features
1/10
Customer service
1/10
Convenience
1/10
Less
John, Queensland, reviewed 6 months ago

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