From February 1 2012, the Financial Claims Scheme applies to eligible deposits with a balance up to $250,000 per account holder, per authorised deposit-taking institution.
This $250,000 cap is combined and therefore is applicable to the aggregate of all deposit account balances held by one person across Rabobank deposits including:
- Rabobank Online Savings High Interest Savings Account
- Rabobank Online Savings Purpose Saver
- Rabobank Online Savings PremiumSaver
- Rabobank Online Savings Term Deposits
- Rabobank Online Savings Notice Saver
- Rabobank Call Deposits
- Rabobank Term Deposits
- Rabobank Cash Management Account
- Rabobank Farm Management Deposits
- Rabobank All In One Credit Only (excludes credit funds held in an All In One loan)
Information on the Financial claims scheme is available on the FCS website – www.fcs.gov.au.