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Please note: For our Online Savings customer, your tax certificates are now available online under ‘Statements’.

Rewards for planning ahead

NoticeSaver allows you to grow your savings, and you can ‘harvest’ the funds that you need, by providing us with 60 days' notice each time you wish to make a withdrawal. You also get to feel good knowing that your savings are helping to support our local farmers to grow the produce we enjoy every day.

Opening a NoticeSaver is easy. Existing customers can log in and open a NoticeSaver with just a few clicks.

No minimum balance

Start saving with just $1

Add to your balance

Add to your savings whenever you like

Available to everyone

Personal and existing business & trust customers

60 day notice period

Still earn the great rate when you give notice

How the notice period works

The notice period is the amount of time you have to wait each time you wish to withdraw funds from your NoticeSaver.

To give notice, you just log in and set up a transfer for the amount you'd like to withdraw. Your transfer will automatically happen on the next business day after the 60 day notice period has passed. The best part is you'll still be earning the NoticeSaver interest rate right up until your money is withdrawn.

You can cancel a notice instruction any time up until the last business day before the transfer is due.

You can't access NoticeSaver funds until 60 days after you have given a withdrawal notice. The only exception is if you are facing financial hardship. If you don't think you can wait 60 days, another one of our great products such as PremiumSaver might suit you better. 

The nuts and bolts of NoticeSaver

  • Ideal for savings you don't need to access immediately.
  • 60 day notice period.
  • No fixed investment term; just schedule your transfers and wait out your notice period to withdraw the money.
  • Interest is calculated daily and paid monthly.
  • Variable interest rate.
  • Choose to have your monthly interest paid into any of your on-call accounts, or keep it in your NoticeSaver.

Frequently Asked Questions

How does NoticeSaver compare to a Term Deposit?

NoticeSaver is a savings account with a variable interest rate, a Term Deposit is a fixed deposit with a fixed rate and period. 
There are several key differences:
  • The NoticeSaver interest rate is variable - a Term Deposit rate is fixed.
  • NoticeSaver offers access to your money after the required notice period - a Term Deposit has a fixed investment period.
  • NoticeSaver allows you to deposit money into the account whenever you like - a Term Deposit does not.

How often is interest paid on a NoticeSaver account?

Interest is calculated daily and paid on the last business day of each month. You can choose to have your interest paid back into NoticeSaver, or one of your other RaboDirect savings accounts.

How do I close my NoticeSaver account?

Before you can close your NoticeSaver account you will need to withdraw all the funds.
To make a withdrawal:
  1. Click 'Transfers'
  2. Select your NoticeSaver in the 'From Account' field
  3. Choose where you would like the funds paid to
  4. Enter the amount
  5. Click continue
  6. Confirm the transfer with your Digipass
Once the 60 day notice period has ended and the funds have been withdrawn, you can call us on 0800 22 44 33 or send a secure message instructing us to close the account by clicking on the envelope icon (top right hand corner) to open secure message. We will transfer any interest earned during the 60 day notice period to your RaboSaver account when the NoticeSaver account is closed.

What if I need funds in a hurry but haven't given 60 days’ notice?


To make a withdrawal from NoticeSaver you will need to load a transfer request and wait the 60 day notice period before receiving your funds. For this reason, we suggest that you keep some funds in your RaboSaver account in case you need them in a hurry.

If you are suffering from financial hardship, you can apply for the early release of your funds by completing our Financial Hardship Declaration and providing evidence of the hardship. We will consider your application and advise you if it has been accepted.

See the Financial Hardship Declaration for examples of hardship and the type of evidence required.

How many notice withdrawal instructions can I place?

There's no limit on the number of notice instructions you can place as long as you have sufficient cleared and available funds in the account.

How do I transfer money into my NoticeSaver account?


You can make one off transfers or set up a Regular Savings Plan from your Nominated Account online.

  1. Log into Online Savings (RaboDirect)
  2. Click 'Transfer and pay'
  3. Select the 'From' (Nominated Account) and 'To' (NoticeSaver) accounts
  4. Select if you would like a ‘once only’ or ‘recurring’
  5. Enter the amount, date and frequency if required
  6. Confirm the transfer

You or any other individual or organisation can deposits funds into your NoticeSaver account. Just use the facilities of your other bank or provide your account number to the other party.

How do I withdraw money from my NoticeSaver account?


Log into your Online Savings (RaboDirect) account 60 days before you want access to your funds and create a transfer.

  1. Click 'Transfer and pay'
  2. Select your NoticeSaver in the 'From Account' field
  3. Choose where you would like the funds paid to
  4. Enter the amount
  5. Click continue
  6. Confirm the transfer with your Digipass

Note: The date may be more than 60 days in the future due to the request being loaded after 4pm on a business day and/or the last day of the notice period falling on a non-business day.

Can I cancel a notice instruction?


Yes, a notice instruction can be cancelled at any time up until the last business day before the transfer is due.

  1. Log into Online Savings (RaboDirect)
  2. Click 'Transfer and pay’ button then select ‘Upcoming payments’
  3. Select the NoticeSaver upcoming payment
  4. Select 'Cancel'
  5. Confirm the action with your Digipass

Note: Once the notice has been cancelled, and if you wish to load a new notice, the 60 day notice period will restart.

Can I have more than one NoticeSaver account?


You can have one NoticeSaver account under each different account type you hold with Online Savings (RaboDirect). For example, if you have an individual account, a joint account, and an existing business account, you are able to open three separate NoticeSaver accounts.

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