These interest rates apply to our online savings accounts only. For in branch deposit rates, see here.
Term Deposits
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Invest with as little as $1,000 and choose a term that suits you from 1 month and up to 5 years.
The rates below are applicable to Personal Accounts which include: Individual, Joint and Children accounts.
| Terms | At maturity | Monthly | Quarterly | Six-monthly | Annually |
|---|---|---|---|---|---|
| 1 month | % | - | - | - | - |
| 3 months | % | - | - | - | - |
| 6 months | % | - | - | - | - |
| 9 months | % | - | - | - | - |
| 1 year | % | % | % | % | - |
| 15 months | % | % | % | - | - |
| 18 months | % | % | % | % | - |
| 2 years | % | % | % | % | % |
| 3 years | % | % | % | % | % |
| 4 years | % | % | % | % | % |
| 5 years | % | % | % | % | % |
A minimum investment of $1,000 is required for a Term Deposit. Rabobank Online Savings does not currently offer a compounding interest option for Term Deposits. Interest rates apply to deposits up to $5 million. For interest rates on deposits over $5 million, please call us on 0800 22 44 33. Early withdrawal fees may apply.
NoticeSaver
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Earn a great variable interest rate by providing 60 days' notice each time you wish to make a withdrawal.
| Account types | Interest rate | Notice period | Minimum balance | Fees |
|---|---|---|---|---|
| Personal | % | 60 days | $0 | None |
| Children's | % | 60 days | $0 | None |
| Trust | % | 60 days | $0 | None |
| Business | % | 60 days | $0 | None |
PremiumSaver
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Earn a premium rate by increasing your month-end balance by at least $50 from the start of the month (excluding any interest paid during the month).*
Account types | Premium rate | Base rate | Wthdrawals | Fees |
|---|---|---|---|---|
| Personal | %** | % | Unlimited | None |
| Children's | %** | % | Unlimited | None |
*If the required minimum $50 monthly balance increase is not achieved, a base rate of % p.a. will apply to the total PremiumSaver balance for that month.
** On balances up to $100,000. Any balances above $100,000 up to $5 million will earn the RaboSaver rate of % p.a.
RaboSaver + PurposeSaver
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RaboSaver and PurposeSaver makes it easy to move money around into other accounts and still get a competitive rate.
| Account types | $0 - $5 million | $5 million + | Minimum balance | Fees | Withdrawal penalties |
|---|---|---|---|---|---|
| Personal | % | % | $0 | None | None |
| Children's | % | % | $0 | None | None |
| Trust | % | % | $0 | None | None |
| Business | % | % | $0 | None | None |
Important Information
Rabobank Online Savings terms, conditions and eligibility criteria apply. Interest rates subject to change without notice. All interest rates shown are expressed as a percentage per annum (p.a.) before the deduction of taxes.
Frequently Asked Questions
No. Rabobank Online Savings is fully-online and with our simple onboarding process, we can have your account set-up in no time.
If you have questions about creating an Online Savings account , our New Zealand / Australian based Contact Centre team are available to assist on 0800 22 44 33, Monday – Friday, 8am – 6pm or you can get in touch via our contact form.
No. Rabobank prides itself on offering customers no set-up or monthly fees on all of our savings accounts. However, if you wish to break a Term Deposit prior to maturity, you may incur an early withdrawal fee for this.
No. As the name suggests, Rabobank Online Savings is just for savings so you can still maintain your current transactional bank account for your daily banking. If you wish to withdraw your funds from a Rabobank Online Savings account, simply transfer your funds into your nominated account (this is your daily transactional bank account).
Rabobank currently does not allow new customers to open an account through the Online Savings mobile app. To start an application, follow our easy application process here. Once you’ve created an account, you’ll then be able to open new savings accounts, set-up Term Deposits and manage your account using our mobile app.
Yes. Existing customers can open all of our Savings and Term Deposit accounts online or through the Rabobank Online Savings NZ app. For new customers, please apply online through our website application. It’s easy to get set up and will only take around 5 minutes.
Rabobank Online Savings utilises a Secure Code generator on the mobile app as a multi-factor authentication tool to enhance the security of your account. Once set-up, the Secure Code makes accessing internet banking easy! To learn more, visit our Secure Code webpage.
From 1 July 2025, the Depositor Compensation Scheme (DCS) will protect depositors up to $100,000 per eligible client in the unlikely event of a failure. To learn more about what Rabobank products are eligible, see our DCS webpage.
Rabobank New Zealand Limited has a current credit rating of ‘A’ from Standard & Poors. For more information on our credit rating, refer to our latest Disclosure Statement.
For more information on credit ratings, you can also visit Reserve Bank of New Zealand website.
