The Benefits
- No account or annual fees
- Manage your funds from our mobile app or internet banking
- Earn a competitive interest rate on your funds while saving for things like GST and other expenses
- Your funds are covered under the Depositor Compensation Scheme. The scheme covers up to $100,000 of your money in the unlikely event of a failure
The Details
Whether you want to tuck money away for the long-term or earn interest on your funds while having access to it when you need it, a Rabobank Online Savings Business account could work for you.
Eligibility Criteria
Your deposits are used to help fund New Zealand Agribusiness
Save with a bank that uses 100% of your deposits to help fund and support New Zealand Agribusiness. With multiple savings options, you can grow your savings and help to grow New Zealand as well.
Let's grow a better New Zealand together.
Business Account Term Deposits
6 Month Term
%
p.a.*
- Fixed interest rate and term
- Minimum Term Deposit amount of only $1,000
- Option for regular interest payments on terms 1 year and over
9 Month Term
%
p.a.*
- Fixed interest rate and term
- Minimum Term Deposit amount of only $1,000
- Option for regular interest payments on terms 1 year and over
12 Month Term
%
p.a.*
- Fixed interest rate and term
- Minimum Term Deposit amount of only $1,000
- Option for regular interest payments on terms 1 year and over
*Interest rates based on deposits of between $1,000 - $50,000. For all Business Account Term Deposit rates, see here. Rabobank Online Savings terms, conditions and eligibilty criteria apply. Interest rates are subject to change.
Looking for a savings account instead?
NoticeSaver
A NoticeSaver account requires you to provide 60 days' notice each time you wish to make a withdrawal.
Interest Rate
%
p.a.^
- Add to your balance at any time and make withdrawals by giving 60 days' notice
- Great for tucking money away
- No account fees or minimum balance
RaboSaver
RaboSaver makes it easy to access your money and the flexibility to move your funds around right when you need it.
Interest Rate
%
p.a.^
- Unlimited deposits and withdrawals on call when you need to
- Interest calculated daily and paid monthly
- No account fees or minimum balance
^Applies to balances up to $5,000,000. Rabobank Online Savings terms, conditions and eligibility criteria apply. Interest rates apply to Companies, Partnerships and Sole Traders, and are subject to change.
Frequently Asked Questions
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.
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.
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.
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).
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.
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.
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.
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.
