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Children Accounts

Rabobank Online Savings children accounts help to grow savings for under 18's






on balances up to $5,000,000

Your savings help grow NZ agribusiness

Together we help the

Zero fees on our
savings accounts

Contact our friendly
customer service team

The Benefits

  • No account fees
  • No minimum balance
  • Create up to 5 sub accounts for college, school trips, university etc
  • Open an account in the child’s name (this way they know it's their savings)
  • Easy access to your savings
  • No need to change your everyday banking
  • Earn a return and help grow a better New Zealand

The Details

Get a child’s savings up and running with our RaboSaver account. An adult can open a RaboSaver account on behalf of any child under the age of 18. The account will be opened in the child’s name and you will act as the authorised signatory.

You choose the nominated account for the Rabobank Online Savings children's account so you can manage the money, even when it is withdrawn from the Rabobank account.

If the child is 12 years or older, they can open an individual account and manage this themselves.

A RaboSaver account allows you to easily move money in and out of your nominated account, and between your Rabobank Online Savings accounts. In addition you can open an account for any of our other savings options that may also suit the child’s savings plan.

Ready to start saving

Already have an account? Login

Make sure you have a valid Driver Licence or Passport, your mobile phone and your IRD number.

More questions? Take a look at our frequently asked questions.

Our customer care team is ready to take your call, Monday to Friday, 8am - 6pm (NZT)

Other accounts a child can open

Term Deposit

Start with as little as $1,000 and choose a term that suits you from 1 month up to 5 years.

Earn up to



  • Fixed interest rate and term
  • Minimum Term Deposit amount of only $1000
  • Option for regular interest payments on terms 1 year and over


Earn a variable interest rate by providing 60 days' notice each time you make a withdrawal.

Interest Rate



  • Add to your balance and make withdrawals at any time^
  • No account fees
  • No minimum balance


Earn a premium interest rate if you increase your balance by $50 per month.*

Variable rate up to



  • Premium interest for growing your savings up to $100k*
  • Money is on call
  • No account fees or minimum balance

^ A 60 day notice period applies prior to each withdrawal

* If the required $50 monthly balance increase excluding interest paid during that month is achieved. The standard RaboSaver rate applies to the portion of the PremiumSaver balance over $100,000 and up to $5 million. If the required $50 monthly balance increase is not achieved, a rate of % p.a. will apply to the total PremiumSaver balance for that month up to $5 million.

Frequently Asked Questions


You can still open an account for the child, but the Resident Withholding Tax rate will be set at the maximum rate of 45%.

Once the account is open, you can call us or send a secure message with the IRD number and tax rate.

To do this:

  1. Login to your Rabobank Online Savings account.
  2. Send us a secure message, by clicking on the envelope icon top right hand side of page.
  3. Create a message and send us the IRD number for the child’s account.

Although your child might not be working, interest payments are still considered a form of income. We are required to deduct tax from this interest and pay it to Inland Revenue on the child’s behalf.

We will need the new signatory to:

  • complete our change of authorised signatory form, and
  • consent to electronic verification, or
  • provide certified identification and address evidence. 

Click here to download the change of authorised signatory form. 

See our Identity Verification Checklist for identification options and a list of trusted referees who can certify these for you.

Note: Electronic verification is not always successful so we may still need identity documents. We’ll let you know.