Business savings that work for you
Grow your cash savings with our range of online accounts, offering flexibility, simplicity, and easy access to your accounts.
See the eligibility criteria by business type
Rabobank’s Online Savings Business Account is currently available to proprietary companies, sole traders and partnerships, that meet specific eligibility criteria.
Expand the relevant sections below to find out more.
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)
- Be 18 years old or older
- 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 and 18 years or older
Support
Rabobank prides itself on delivering exceptional customer service to every client. Our people are ready to listen and help you with any queries you may have about banking with us.
Important things you should know
^Current 4 month introductory variable rate for new Business customers on deposits up to $1,000,000. Rate subject to change. Different rates apply to Personal (Individual & Joint), SMSF and Trust customers.
*The interest rate displayed includes the base rate and bonus rate which applies when your closing balance on the last Business Day of the month is at least $2,000 greater than the balance as at the start of the month (in addition to any interest paid into the account). Different rates and eligibility criteria for Personal (Individual & Joint), SMSF and Trust entities. For base rates, please refer to the rates page.
** Interest paid at maturity. Early termination fees apply. Excludes 0.10% loyalty bonus.
#Rates are variable and subject to change. Please read the terms and conditions and Notice Saver PDS before making investment decisions.
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.
Disclaimer
Any advice provided has been prepared without taking into account your objectives, financial situation or needs. Please consider if this advice is appropriate for you before acting on it.
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. For the Notice Saver, please read the product disclosure statement (PDS) at www.rabobank.com.au/support/legal and target market determination (TMD) at www.rabobank.com.au/tmds when considering whether to acquire or to continue to hold the product.
If you have any questions or require any assistance, you can call us on 1800 445 445.