Business Savings Account
Put surplus cash to work with a Business Savings Account. A dedicated savings solution designed for businesses with cash that moves in cycles.
Available to Companies, Partnerships and Sole Traders. Terms, conditions and eligibility criteria apply.
Features and benefits
Simple savings that suits your business
Whether you’re looking for certainty or flexibility, we have an option to suit your needs. Lock in a fixed rate with a term deposit for money you won’t need right away, or choose an on call savings account if you’d like easy access to your funds while continuing to earn interest, with no account or withdrawal fees.
Important Information
*Rabobank Online Savings terms, conditions and eligibility criteria apply. Interest rates apply to Business Savings Accounts, and are subject to change without notice. Interest rates apply to deposits up to $5 million. All interest rates shown are expressed as a percentage per annum (p.a.) before the deduction of taxes. Rabobank Online Savings does not currently offer a compounding interest option for Term Deposits. For interest rates on deposits over $5 million, please call us on 0800 22 44 33. Early withdrawal fees may apply.
Eligibility Criteria
- Your company must be incorporated in New Zealand and be registered on the New Zealand Companies Register.
- You must have a bank account in the name of the Company with a New Zealand registered bank.
- Company directors and shareholders must be New Zealand tax residents and reside in New Zealand.
- Every director of the company must be a shareholder, and each shareholder must hold more than 25% of the company's shares
- All shares must be owned directly by individual people in their own names. Shares cannot be owned through a trust, company, or any other type of entity
- The Partnership must be established in New Zealand and governed by the Partnership Law Act 2019.
- You must have a bank account in the name of the Partnership with a New Zealand registered bank.
- Have a maximum of six (6) Partners who are all natural persons.
- The Partners of the Partnership must be individuals and cannot be other entity types (such as companies, trusts or incorporated societies).
- You must be an individual who owns and operates a business as a Sole Trader.
- You must have a bank account in your name (as a Sole Trader) with a New Zealand registered bank
Put your business cash to work
When you open a new Rabobank Online Savings account, you'll also automatically get a RaboSaver account in your savings portfolio, ready when you need it.
We're here to help
Our friendly Client Services team is here to support you. You can also browse more frequently asked questions in our Support Centre.
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.
No. Rabobank Online Savings is fully online.
If you have questions about opening an Online Savings account, call our Client Services team on 0800 22 44 33, Monday – Friday, 8am – 6pm.
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. Once you’ve created an account online, you’ll then be able to open new savings accounts, set-up Term Deposits and manage your account using our Mobile App.
Your application will be reviewed to ensure we have everything we need to open the account.
We will be in contact within 2 business days about your application and let you know if we require any additional information.
Once your account is opened, you will receive a Welcome email with information on how to access your account.