Rabobank logo

Rabobank PremiumSaver

Advertiser disclosure
Interest rate
1.45% p.a.(for $0 and over)
Maximum rate
5.35% p.a. (for $0 to $250,001)
Govt deposit guarantee
Yes up to $250,000

Mozo editorial review Rabobank PremiumSaver - last updated: 4 October 2024

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What's hot
  • No account fees
  • Unlimited free transactions from internet banking
  • 100% online
What's not
  • Interest rate drops for balances over $250,000
Mozo snapshot

If you want motivation to save, how about the ability to earn higher interest every month you deposit at least $200 into your account? The PremiumSaver account from Rabobank offers you just that. It has a 5.35% p.a. interest rate when your balance is at least $200 more than it was at the beginning of the month. If you don't make a deposit, you'll still get a rate of 1.45% p.a.

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Key features

The Premium Saver account is designed to help you stay on track to reach your savings goals. It has no account keeping fees or minimum terms like a term deposit so you can save money, knowing that your money isn't being eaten up by fees or locked in should you need to access it.

There are three rate tiers depending on how much you've got in the account. The good news for most of us is that the best rate is available to balances under $250,000, at 5.35% p.a. For balances over $250,000 the rate is 3.70% p.a.. No matter what tier you fall into, all balances up to $250,000 will be covered by the government guarantee.

Rabobank is 100% online so you'll be able to set up and manage the account through the online or mobile banking app. You'll need to have a linked everyday account (but this can be with any financial institution). It's a good idea to set up automatic monthly deposits of $200 into the account so that you'll always get the bonus interest.

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Who is it good for

Anyone that has a savings goal and can deposit at least $200 a month so that they meet the bonus interest rate requirements.


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Any catches

If you find that you can't keep up the deposit conditions in order to get the bonus rate, think about switching to Rabobank's High Interest Saver

Details

Rates and fees information correct as at 7 October 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

Balances from $0: 1.45% p.a.

Balances from $0: 5.35% p.a.
Balances from $250,001: 3.70% p.a.
Balances from $1,000,000.01: 3.70% p.a.

Maximum rates apply when your closing balance on the last day of the month is at least $200 more than it was at the beginning of the first day of the month (excluding interest earned).

Fees

$0.00

n/a

Unlimited free transactions.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

$0.00

n/a

Other financial bits

$1.00

$0.00

Monthly

Features

no

n/a

no

no

no

no

no

no

yes

no

no

Must link to a transaction account. Must hold and maintain a HISA.

none

none

Customer Reviews

How are Rabobank savings accounts rated by the Mozo community?

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 253 Rabobank savings account 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.

Latest reviews of Rabobank PremiumSaver Savings Account

About Rabobank

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Macquarie

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

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

Yes up to $250,000

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5.50% p.a. (for $0 to $100,000)

0.55% p.a.(for $0 and over)

Yes up to $250,000

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Yes up to $250,000

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Savings Accelerator

3.55% p.a. (for $0 to $50,000)

2.85% p.a.(for $0 to $50,000)

Yes up to $250,000

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Westpac

Life - 18-29 years old

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

1.85% p.a.(for $0 and over)

Yes up to $250,000

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

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

Yes up to $250,000

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Macquarie

Savings Account

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

Yes up to $250,000

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

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ING

Savings Maximiser

5.50% p.a. (for $0 to $100,000)

Yes up to $250,000

0.55% p.a.(for $0 and over)

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Unity Bank

MoneyMAX

No Current Offer

Yes up to $250,000

4.70% p.a.(for $1 and over)

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MyState Bank

Bonus Saver Account

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

Yes up to $250,000

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

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Westpac

Life - 18-29 years old

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

Yes up to $250,000

1.85% p.a.(for $0 and over)

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ING

Savings Accelerator

3.55% p.a. (for $0 to $50,000)

Yes up to $250,000

2.85% p.a.(for $0 to $50,000)

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ING

Savings Maximiser

0.55% p.a.(for $0 and over)

5.50% p.a. (for $0 to $100,000)

Yes up to $250,000

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MyState Bank

Bonus Saver Account

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

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

Yes up to $250,000

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First Option Bank

Kids Bonus Saver

0.05% p.a.(for $1 and over)

0.85% p.a. (for $5,556 and over)

Yes up to $250,000

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Auswide Bank

Ziggy Kids Saver

0.01% p.a.(for $0 and over)

3.01% p.a. (for $0 and over)

Yes up to $250,000

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ANZ

Progress Saver

0.01% p.a.(for $0 and over)

4.25% p.a. (for $0 and over)

Yes up to $250,000

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