Business Deposit Accounts
Grow your savings with our range of savings accounts, offering flexibility, simplicity, and easy access to your money.
Feel good knowing your savings help support our local farmers to grow the food we enjoy every day.
Business Savings
Saving with purpose to support Australian farmers
With a range of online savings accounts and term deposits available to businesses, our products give you flexibility with variable and fixed rates to maximise your savings. And you can feel good about your savings, knowing that your're supporting Australian farmers to put food on our tables and clothes on our backs, with your deposits supporting Aussie farmers.
We keep saving simple, start with our High Interest Savings Account and you'll be able to access the whole set, with no account keeping fees and without the hassle of multiple applications.
Government Guarantee
The Australian Government Guarantee protects the first $250,000 of all deposits held, per account holder, with Rabobank.
Check if you're eligible to open a Business Deposit account here >
High Interest Savings Account
Up to
%
p.a#
Make every dollar you save work harder and reach your goals faster.
- Kick-start your savings with our 4 month introductory variable rate (up to $1,000,000)
- No need to change your everyday banking
- No account keeping fees
- View the interest rate tiers here
Term Deposits
1 year term
%
p.a**
Benefit from a guaranteed return on your savings.
- Start with as little as $1,000 and get your interest paid monthly, quarterly, half-yearly or yearly~
- Receive a 0.10% loyalty bonus on top of your rollover rate when you automatically reinvest your Term Deposit before maturity
- You'll automatically get a High Interest Savings Account in your savings portfolio
- View interest rates here
PremiumSaver
Up to
%
p.a*
Enjoy a higher rate of interest just for increasing your balance by at least $2,000 each month*.
- Stay on track with extra incentive to reach your savings goals
- Earn the maximum rate when you increase your balance by $2,000 (excluding interest paid) by the last business day of the month*
- Simplify your saving habits with an automated Regular Savings Plan
- View the interest rate tiers here
Notice Saver
90 Day Notice Saver up to
%
p.a^
Ideal when you don't need instant access to your savings and want to stay focused on your goals.
- Choose from a 31 day, 60 day and 90 day notice period
- Greater flexibility with the ability to top up your balance whenever you like
- You'll automatically get a High Interest Savings Account in your savings portfolio
- View the interest rate tiers here
Frequently asked questions
Being eligible for a Rabobank Online Savings Business account means that you are operating an account specifically for business purposes. Rabobank’s Online Savings Business Account is currently available to proprietary companies, sole traders and partnerships, that meet specific eligibility criteria.
To be eligible as a Company, the business must:
- Be incorporated in Australia and registered with the Australian Securities and Investments Commission (ASIC)
- Operate as an active / passive non-financial entity.
- An active non-financial entity is an operating business where less than 50% of the entity's gross income in the preceding year is passive income (e.g., interest, dividends, rents) and less than 50% of the entity’s assets are held for the production of passive income.
- A passive non-financial entity is an entity in which more than 50% of its gross income consists of passive income and more than 50% of its assets are held for the purpose of generating such income.
- Have all Directors and Shareholders who are tax residents of, and physically residing in, Australia
- Ensure that all Directors are also Shareholders, with each Shareholder holding at least 25% of the company’s shares
- Have all shares beneficially held by individual Shareholders in their personal capacity (i.e., shares must not be held by a trust or other entity)
To be eligible as a Sole Trader, the applicant must:
- Be the sole owner and controller of the business, with no legal separation between the individual and the business entity;
- Hold an Australian bank account in the name of the Sole Trader with another financial institution.
- Be an Australian tax resident and reside in Australia
To be eligible as a Partnership, the partnership must:
- Be governed by a written partnership agreement, established in Australia
- Have an Australian bank account in the name of the Partnership with another Financial Institution
Have a maximum of 6 partners who are all natural persons
For Companies, you will need to be a Company Director. As the Company Director, you’ll need to have the following for the online application:
- The Company’s name and Australian Company Number (ACN);
- An Australian bank account in the name of the Company with another financial institution;
- A valid Australian driver’s licence or passport; and
- Your mobile phone and smart device (mobile or tablet) to download our mobile app to access and operate your account.
- And other information as requested on the online application
For Sole Traders, you’ll need to have the following for the online application:
- Your personal TFN if you have it handy (you can provide this later), and your
- registered Australian Business Number (if any)
- A valid Australian driver licence or passport
- Your mobile phone, and a smart device (mobile phone or tablet) is required to download and use our mobile App.
- And other information as requested on the online application
For Partnerships, you’ll need to have the following for the online application:
- The Partnership’s Australian Business Number
- A valid Australian driver’s licence or passport; and
- Your mobile phone, and a smart device (mobile phone or tablet) is required to download and use our mobile App
- And other information as requested on the online application
Business customers are able to open a High Interest Savings Account, Term Deposits, Purpose Saver, PremiumSaver and Notice Savers (31day, 60days and 90 days). Customers must always hold and operate the High Interest Savings Account.
Yes, it is possible to open multiple Online Savings Business accounts, provided that each account is registered under a distinct business category and operates under a different business name. For example, you may open separate accounts for a Sole Trader, a Partnership, or a Company. Each account must be associated with a distinct legal business entity, have a different business name and meet the relevant eligibility criteria.
If you have additional funds to invest and would like to maximise your interest, we also offer a range of savings products that may suit your needs. More information about these products is available on our website.
There are a number of services available once logged into online banking via your computer or mobile banking including but not limited to:
- viewing your balance and statements
- transferring money
- opening additional accounts
- managing Term Deposits including providing maturity instructions (internet banking only)
A Nominated Linked Account is an everyday transaction account that you hold with another Australian financial institution. This is the account used to transfer money in and out of your Rabobank Online Savings Business account. Your Rabobank Online Savings Business account and Nominated Linked Account needs to be in the same name and entity type.
Please refer to Business Savings Rates for the latest information on available interest rates.
There are no minimum requirements apart from:
- a minimum deposit of $1 from your Nominated Linked Account to your business High Interest Savings Account is required to verify your account and link to your transaction account
- Term Deposits require a minimum of $1,000 to open
No, Rabobank Online Savings Business accounts do not provide transactional access or a debit card.
You can contact the Client Services team Monday to Friday, 6am - 8pm Sydney time on 1800 445 445 to check the status of your application. If you have not submitted your application yet, you can navigate to ‘Apply for a Savings Account’ on the home page and click ‘Continue application’.
If you have all the information readily available, it may take you approximately 30 minutes to complete and submit the application.
Once submitted, the application will be reviewed and once all required documentation is received, processed by Rabobank.
The online application will automatically log out after 20 minutes of inactivity, so please ensure that you save the details entered before leaving the site.
#Current 4 month introductory variable rate for new business customers on deposits up to $1,000,000. Rate subject to change. Read our terms & conditions before making investment decisions. Different rates apply to Personal (Individual & Joint) and SMSF customers.
^Rates are variable and subject to change. Please read the terms and conditions and Notice Saver PDS before making investment decisions.
* Maximum rates apply when your closing balance on the last day of the month is at least $2,000 higher than it was at the beginning of the first day of the month (excluding interest earned).
** Interest paid at maturity. Early termination fees apply. Excludes 0.10% loyalty bonus.
Read our terms & conditions before making investment decisions. The Target Market Determination for High Interest Savings Account, PremiumSaver, Notice Saver and Term Deposits are available here.
Unless otherwise specified, Rabobank Australia Limited ABN 50 001 621 129 AFSL 234 700 is the issuer of the products and services described on this page. Any advice provided is of a general nature only and has been prepared without taking into account your objectives, financial situation or needs. Consider the relevant disclosure documents and terms and conditions for these products, including the Product Disclosure Statement for the Notice Saver Account (all available at www.rabobank.com.au, Rabobank branches or by calling 1300 30 30 33 Monday - Friday between 6am - 8pm Sydney time) along with your personal objectives, financial situation and needs before making any financial decisions.