Best Savings Account Australia | Rabodirect Australia

Reward yourself with a higher rate for your good savings habits. Our PremiumSaver is simple, by growing your monthly balance your interest rate increases. And… your savings help our farmers produce the food we love to enjoy. Read more here.

Open a PremiumSaver

Stay on track with motivation to reach your savings goals
Flexibility to access your funds throughout the month
Increase your balance by $200 each month to earn the maximum interest^#
Simplify your saving habits with an automated Regular Savings Plan.
No need to change your everyday banking

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

Personal
SMSF

Earn up to 2.45% P.A*

Max. variable rate on balances up to $250,000.

OPEN A PREMIUMSAVER

Existing customers can login and simply add a PremiumSaver to their savings portfolio.

*Interest rates displayed are maximum rates. For minimum rates, please refer to the rates link above. Maximum rates apply when your closing balance on the last day of the month is at least $200 higher than it was at the beginning of the first day of the month (excluding interest earned).

PremiumSaver maximum rates

Balance

Interest rate (% p.a.)

Up to $250,000

2.45%

$250,001 to $1,000,000

2.30%

Over $1,000,000

2.10%

Earn up to 1.80% P.A*

Max. variable rate on balances up to $250,000.

OPEN A PREMIUMSAVER

Existing customers can login and simply add a PremiumSaver to their savings portfolio.

*Interest rates displayed are maximum rates. For minimum rates, please refer to the rates link above. Maximum rates apply when your closing balance on the last day of the month is at least $2000 higher than it was at the beginning of the first day of the month (excluding interest earned).

PremiumSaver maximum rates

Balance

Interest rate (% p.a.)

Up to $250,000

1.80%

$250,001 to $1,000,000

1.75%

Over $1,000,000

1.70%

Earn up to 2.15% P.A*

Max. variable rate on balances up to rel="noopener noreferrer" $250,000.

OPEN A PREMIUMSAVER

Existing customers can login and simply add a PremiumSaver to their savings portfolio.

PremiumSaver maximum rates

Balance

Interest rate (% p.a.)

Up to $250,000

2.15%

$250,001 to $1,000,000

2.05%

Over $1,000,000

2.05%

The most commonly asked questions

What is a PremiumSaver Account?

If you're a regular saver, our PremiumSaver Account is perfect for you. Just increase your net balance by at least $200 (or $2000 if you have a business account) excluding interest before the last business day of every month and you'll earn the higher variable interest rate.

What if I don't contribute to my PremiumSaver Account?

You'll still receive interest, however it'll be at the lower Premium Saver rate. For current interest rates, click here.

Are there any account keeping fees?

No, we do not charge any account fees on any savings accounts or Term Deposits. Early termination fees apply to Term Deposits.

Can the interest rate change?

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.

Can I install the app on more than one phone or tablet?

Yes, you can download and register the Rabobank Online Savings Mobile Banking App on up to six devices per account.

How do I transfer funds into my Rabobank Online Savings account?

You can transfer funds into your High Interest Savings Account (HISA) using the 'Transfer in' feature if you have allowed direct debit authority on your linked account. 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.