High Interest Savings Account Enjoy a 4 month variable intro rate up to
*Current 4 month introductory variable rate for new Business customers on deposits up to $1m. Rate subject to change. Read our terms & conditions before making investment decisions. Different rates apply to SMSF and Trust customers.
How your interest works
Applicable for the first 4 months on balances up to $1m
For new Business customers
Standard variable rate up to $1m
Ready to start saving?
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
These testimonials were provided as part of our 2025 Farm2Fork competition, where clients shared why they love banking with Rabobank and supporting Australian farmers.
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.
The High Interest Savings Account (HISA) is our primary account which all customers are required to have when combined with any of our Online Savings accounts or Term Deposits. It is a variable rate product, with no fees, no minimum balance requirements and no minimum term.
You can transfer funds between your linked account held with your other bank and your HISA using either the BSB and account number or our direct debit option once your nominated linked account has been verified.
From your HISA, you can transfer funds to your Online Savings accounts or use available funds to open Term Deposits. Transfers and the availability of funds are subject to processing and payment clearance timeframes and may vary depending on the receiving financial institution, payment method used and when the transaction is submitted.
Customers can only open one HISA per entity type. If you have more funds to invest and would like to maximise your interest we have a range of savings products that may meet your needs. More information about these products can be found on our website.
Interest is calculated daily on the available account balance and paid monthly. For current interest rates, please visit the relevant entity's interest rates page via the website menu.
To see exactly how much interest you're earning, log in to Internet Banking and click 'view rates' next to your High Interest Savings Account on the home page.
No. Customers can only open one HISA account. If you have a more funds to invest and would like to maximise your interest we have a range of savings products that may meet your needs. More information about these products can be found on our website.
Absolutely, we can offer an introductory rate for new SMSF and Business customers. Different introductory variable rates apply to SMSF, Business and Personal customers.
Yes, interest rates offered on our High Interest Savings Account, Purpose Saver, Notice Saver and PremiumSaver are variable and may change. Our Term Deposits have fixed rates.
We'll always let you know when the interest rates change.
Interest is calculated daily throughout the month and is paid into your High Interest Savings Account at the end of each month. You can see the amount of interest you have earned for the previous month on the next months account statement or transaction history.
Yes, you can download and register the Rabobank Online Savings app on up to 5 devices.
You can transfer funds into your High Interest Savings Account (HISA) using the 'Transfer money’ feature via both Internet and Mobile Banking if you have direct debits enabled. To enable direct debit functionality please contact our Sydney based team on 1800 445 445, Monday to Friday between 6am and 8pm.
You can also transfer funds into any of your HISA or PremiumSaver accounts via electronic funds transfer (EFT) from most Australian accounts using your Rabobank BSB and account number.
Things you should know & important documents
For full terms and conditions click below
For full Target Market Determination click below
*Current 4 month introductory variable rate for new Business customers on balances up to $1,000,000, commences on the day your BSB & Account number are issued not from when the account is funded. Rate subject to change. Not available where you have opened a Rabobank Online Savings account within the previous 2 years. Different rates apply to Personal, SMSF, and Trusts customers.
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.
