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, tax 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
Open a Rabobank Online Savings Company account and start earning a competitive interest rate on your funds. Take note of the eligibility criteria below then follow our easy online application to open an account.
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
Open a Company Savings Account
In order to open an account for a Company, you'll need:
- A valid driver licence or passport with a minimum of 30 days before expiry from the date of application
- Your IRD number and registered New Zealand Business Number (if any)
- Your mobile phone to receive a verification code via text message
- A smart device (mobile phone or tablet) to download the Rabobank Online Savings App to register for multi-factor authentication (Secure Code)
Open an account, choose your products and start saving
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 & withdrawals on call when you need to
- Funds are on-call
- No account fees or minimum balance
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
- Great for tucking money away
- No account fees or minimum balance
Term Deposit
Lock in a fixed rate for a fixed return and know exactly where you stand when your Term Deposit matures.
12-month Interest Rate
%
p.a.*
- Option for regular interest payments on terms 1 year and over
- Minimum Term Deposit amount of only $1,000
- Fixed interest rate and term
^Applies to balances up to $5,000,000. Rabobank Online Savings terms, conditions and eligibilty criteria apply. Interest rates are subject to change.
*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.
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.
