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A rewarding way to grow your savings

PremiumSaver Up to

%
P.A.*

*The interest rate displayed includes the variable base rate and variable bonus rate for Personal accounts up to $250,000. Bonus interest rate eligibility criteria applies.

Apply Now
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How your interest works
Total variable interest incl bonus rate
%
P.A.*
Bonus variable rate
%
P.A.*
Base variable rate
%
P.A.

*Applicable for Personal accounts up to $250,000. Bonus interest applies when your closing balance on the last Business Day of the month is at least $200 greater than the balance as at the start of the month (in addition to any interest paid into the account).

Good for you, good for Australia

The Rabobank Difference

Saving with Rabobank is about more than just great rates. Your savings help us support Australian farmers and agribusinesses, creating a unique connection between savers and the people who help feed our communities. It's a difference you can feel good about.

Learn more
Why choose a PremiumSaver account

Earn bonus interest

Earn bonus interest on your savings, when your closing balance on the last Business Day of the month is at least $200 greater than the balance as at the start of the month (in addition to any interest paid into the account).

No account keeping fees 

Save more every day with no account keeping fees on any of our accounts.

Online and mobile banking

Secure, easy banking access anytime, from anywhere.

Financial Claims Scheme

Your deposits are protected up to $250,000 per account holder. Learn more

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How to qualify for bonus interest
Grow your balance

Make sure your closing balance on the last business day of the month is at least $200 higher than it was at the start of the month. This is in addition to any interest paid. 

Have the balance in place by the last business day

To keep things running seamlessly, we suggest depositing the required funds a few days early, as incoming payments may take up to three business days to clear.

Earn bonus interest for the month

If you meet these steps, you’ll earn bonus interest for the month (and will be paid to you on the first day of the following month).

An award‑winning savings account

A bonus savings account awarded by Finder for helping you continue growing your savings with confidence.

2026 Finder Award winner for Best Bonus Savings Account (PremiumSaver). For more information about the Finder award please visit the Finder website.

Ready to start saving?

What you will need to open a Rabobank Savings Account:

  • Be 18 years old or older
  • Reside in Australia and be an Australian tax resident
  • An Australian bank account in your name with another financial institution 
  • Have a valid form of ID and your personal details
  • A smart device to download our mobile app to access and operate your account
Apply Now
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Hear from our customers
Kate Adams

“I can see our savings growing, and with my brother and his family still on the family farm in Walgett, I know I’m helping farmers on the ground which is a really unique point of difference Rabobank offers.” 

 

Kate Adams

Jennifer Brew

“Since my husband and I have been retired, we look for better returns on our investments so that we can keep up the lifestyle we enjoy, and when it came time for us to reinvest, Rabobank was offering good rates, so we took advantage of the offer and joined.”

 

Jennifer Brew

Phoebe B

“Australian farmers need all the support they can get. It's hard living off the land, and climate change is making it even harder. Banking with Rabo makes me feel like I am helping in my small way, to supporting the farmers that grow our food, care for the animals that supply raw fibre and nurture the land.” 

 

Phoebe B

Ruth Lawrence

“Rabobank offers online easy saving accounts for the everyday person. A savings account I can trust keeps me informed, easy to use and supports our farmers to help give us our food.”

 

Ruth Lawrence

Anne de Champlain

“I started saving with Rabobank because I liked that it supported farmers, and the rates also support my savings goals, I also found the customer service good and it's great to have an alternative to the big banks.”

 

Anne de Champlain

Bea Duffield

“Knowing my savings contribute to supporting Australian farmers - who work tirelessly to feed our nation - gives real meaning to my banking choices."

 

Bea Duffield

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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.

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) before the last business day of every month (in addition to any interest paid into the account) and you’ll earn bonus interest.

You can transfer funds into your Rabobank PremiumSaver 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 Rabobank Online Savings accounts including HISA and PremiumSaver accounts via electronic funds transfer (EFT) from most Australian accounts using your Rabobank BSB and account number.

Yes, interest rates for our PremiumSaver, High Interest Savings Account, Purpose Saver and Notice Savers are variable and may change. Our Term Deposits have fixed rates.

We'll always let you know when our variable interest rates change.

You can check how much you need to grow your balance to earn bonus interest for the month within internet banking and the mobile app.

From your mobile app…click on PremiumSaver, then click on ‘View account details’ and there will be a message highlighting the amount (in addition to any interest paid into the account) you will need to increase your balance by.

From internet banking.. click on PremiumSaver and then click on ‘Rates & Details’ and there will be a message highlighting the amount you will need to increase your balance by.

An example of the mobile app screen for PremiumSaver:

A business day is a day excluding a Saturday, Sunday or national public holiday. To earn bonus interest your PremiumSaver must grow by at least $200 (or $2,000 if you have a business account) by the last business day of the month (in addition to any interest paid into the account ). For example, if the 30th of June (last day of the month) is on Saturday then you will need to grow your balance by the end of Friday the 29th of June.

All you need to do is ensure that your PremiumSaver closing balance on the last Business Day of the month is at least $200 (or $2000 if you have a business account) greater than the balance at the beginning of the first day of the month (in addition to any interest paid into the account).

Example for Personal, Joint, SMSF and Trust accounts:

  • If your starting balance for March was $2,500 and you receive $20 of interest on the 1st of March, withdraw $800 to pay your car insurance on the 5th of March, you will need to deposit at least $1,000 by the last business day of March to ensure that your balance grows by at least $200.

Cut off times

Before 6pm (AEST/AEDT) - processed same day and will be received within 1 – 2 business days.

After 6pm (AEST/AEDT) - processed next business day.

Weekends and national public holidays - processed next business day.

Clearance times

If transferring funds to an external bank account before 6pm (AEST/AEDT), the funds will usually appear in that account within 1 – 2 business days.

Direct credits received from another financial institution are usually received and available within 1-3 business days.

The interest paid into your PremiumSaver is not considered a deposit for the purposes of calculating bonus interest eligibility. If you withdraw your interest during the month you will need to ensure you make deposits to cover the interest amount withdrawn (and any other amounts withdrawn) and at least an additional $200 ($2,000 for businesses) to be eligible for the bonus rate by the last business day.

If you make a withdrawal from your PremiumSaver account and you do not grow your balance during the month then you will earn the ‘PremiumSaver base rate’. To earn the bonus rate you will need to grow your balance, as at the last day of the previous month, by at least $200 or $2,000 if you have a business account by the last business day (in addition to any interest paid into the account).

Example for Personal, Joint, SMSF and Trust accounts:

  • If you withdraw $500 within the month, you will need to deposit a total of $700 on or before the last business day of the same month back into the PremiumSaver.

To help you not to miss out on PremiumSaver bonus interest you might like to consider setting up a recurring payment that direct debits by at least $200 ($2,000 for Business Entities) by the last business day (in addition to any interest paid into the account) from your Linked Account every month. If you set up a recurring payment for the 23rd of the month or earlier will ensure that the funds are received by the last business day of the month.

Things you should know & important documents

For full terms and conditions click below

Terms and Conditions

For full Target Market Determination click below

Target Market Determination

* The interest rate displayed includes the variable base rate and variable bonus rate which applies when your closing balance on the last Business Day of the month is at least $200 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 SMSF, Business and Trust entities.

For examples on bonus interest rate eligibility please refer to the FAQs provided above.

Check the rates page for applicable rates for PremiumSaver account.

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.

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