The details shown below are for the 31 Day Notice Saver
The details shown below are for the 60 Day Notice Saver
The details shown below are for the 90 Day Notice Saver
Choose the version of this product that suits you best
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31 Day Notice Saver |
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60 Day Notice Saver |
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90 Day Notice Saver |
31 Day Notice Saver
60 Day Notice Saver
90 Day Notice Saver
Want to put your savings at arms length but don't like the commitment of locking your money away in a fixed term deposit? We have some good news for you. Savings specialist Rabobank's 90 Day Notice Saver is part savings account, part term deposit. The Notice Saver has a variable interest rate of 1.95% for 90 days, no fees, and you can add funds at any time and withdraw them, but you'll need to give notice.
Like most online savings accounts, the Notice Saver has a variable interest rate and no fees. The rate is tiered depending on the notice period and the account balance. There are three notice period options: 31, 60 and 90 day, but the best rates are for the 90 day notice at 1.95% p.a. for balances up to $250,000.
The 31 day notice account has a rate of 1.80% p.a., and the 60 day is 1.85% p.a. for balances up to $250,000 which fall under the Government guarantee on deposits.
For balances between $250,000 and $2 million the interest rate is 1.70% for 31 day notice, 1.80% for 60 days notice and 1.90% for 90 days notice. For balances over $2M, the 31 and 60 day Notice Saver accounts have a 1.45% variable interest rate, or 1.60% for the 90 day Notice Saver.
The beauty of the Notice Saver is that, unlike a term deposit you can keep adding money to the account whenever you like. And unlike a savings account, you can't access your money at a whim. You can withdraw funds at anytime but you need to give notice. Your notice period will depend on what notice period you select when you open the account (31, 60, 90 days).
There is no minimum balance requirements so the Notice Saver is a great account if you are trying to build up your savings over a period of time and want to avoid the temptation of mid-year sales and other impulse buys.
It is also a good savings
account for people with self-managed super funds (SMSF) or sole traders who
need to put away cash for GST instalments but don't want a fixed term
investment for their money (Different rates apply).
You must also be an Australian resident over the age of 18 to open a Notice Saver account.
Impulse buyers beware. If you don't provide Rabobank with the minimum notice period you won't be able to get your money. This could be seen as a plus if you're trying to kick the spending habit, but it is recommended that you keep a small stash in an at-call high interest savings account just in case you need some money in a hurry.
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Balances from $0: 0.00% p.a. |
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Balances from $0: 1.80% p.a. |
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The notice period is the amount of time you have to wait before you can withdraw your planned transfers from your Notice Saver account. |
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$0.00 |
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n/a |
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Unlimited free transactions from internet. |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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$0.00 |
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n/a |
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$1.00 |
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$0.00 |
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Monthly |
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no |
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none |
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no |
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no |
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no |
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no |
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no |
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no |
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yes |
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no |
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no |
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Funds cannot be withdrawn without serving the minimum notice period. |
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none |
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none |
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Balances from $0: 0.00% p.a. |
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Balances from $0: 1.85% p.a. |
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The notice period is the amount of time you have to wait before you can withdraw your planned transfers from your Notice Saver account. |
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$0.00 |
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n/a |
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Unlimited free transactions from internet. |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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$0.00 |
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n/a |
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$1.00 |
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$0.00 |
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Monthly |
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no |
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none |
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no |
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no |
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no |
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no |
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no |
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no |
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yes |
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no |
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no |
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Funds cannot be withdrawn without serving the minimum notice period. |
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none |
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none |
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Balances from $0: 0.00% p.a. |
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Balances from $0: 1.95% p.a. |
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The notice period is the amount of time you have to wait before you can withdraw your planned transfers from your Notice Saver account. |
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$0.00 |
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n/a |
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Unlimited free transactions from internet. |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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$0.00 |
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n/a |
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$1.00 |
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$0.00 |
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Monthly |
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no |
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none |
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no |
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no |
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no |
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no |
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no |
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no |
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yes |
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no |
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no |
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Funds cannot be withdrawn without serving the minimum notice period. |
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none |
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none |
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 reviewI 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!
PRO: The interest rates are generous. CON: Their phone app is terrible and the keypass login system needlessly complex.
Read full reviewPRO: The interest rates are generous. CON: Their phone app is terrible and the keypass login system needlessly complex.
Great
Read full reviewRabo direct is amazing as it gives us the best interest rates which helps us reach our family goals quicker! They also have excellent and easy customer service.
Read full reviewRabo direct is amazing as it gives us the best interest rates which helps us reach our family goals quicker! They also have excellent and easy customer service.
I really like Rabo Bank. I feel safe with the security, as you are given a little device that is coded to your password and you get other codes through it. The notice saver is a great way to save as you have to give 31 days notice to get your money.
Read full reviewI really like Rabo Bank. I feel safe with the security, as you are given a little device that is coded to your password and you get other codes through it. The notice saver is a great way to save as you have to give 31 days notice to get your money.
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3.10% p.a. (for $0 to $100,000)
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Yes up to $250,000
Rabobank
High Interest Savings Account
2.60% p.a. (for $0 to $250,001)
1.50% p.a.(for $0 to $250,001)
Yes up to $250,000
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Save Account
2.35% p.a. (for $0 to $250,000)
0.10% p.a.(for $0 and over)
Yes up to $250,000
Virgin Money
Boost Saver with Go Account
2.30% p.a. (for $0 to $250,000)
0.05% p.a.(for $0 and over)
Yes up to $250,000
Westpac
Life - 18-29 years old
2.75% p.a. (for $0 to $30,000)
0.65% p.a.(for $0 and over)
Yes up to $250,000
MyState Bank
Bonus Saver Account
2.10% p.a. (for $0 to $250,000)
0.05% p.a.(for $0 and over)
Yes up to $250,000
Virgin Money
Grow Saver
1.80% p.a. (for $0 and over)
0.05% p.a.(for $0 and over)
Yes up to $250,000
ING
Savings Maximiser
3.10% p.a. (for $0 to $100,000)
0.55% p.a.(for $0 and over)
Yes up to $250,000