The application process
1.
Complete online application by clicking "Start Application" below
2.
Your application will be reviewed to make sure we have everything we need
3.
We will be in contact within 2 business days about your application and let you know if we require any additional information
4.
Once your account is opened we will send you a Welcome email with information on how to access your account.
To be eligible to open an account
You'll need to be:
- A New Zealand tax resident and reside in New Zealand
- 12 years or older
You'll need to have:
- A bank account in your name with a New Zealand registered bank
- A valid driver licence or passport with a minimum of 30 days before expiry from the date of application
- 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 a Rabobank Online Savings Account
Already have an account? Login
Get set-up with an account and start saving towards your goals.
For more information, take a look at our Frequently Asked Questions.
Our Client Services Team is ready to take your call, Monday to Friday, 8am - 6pm (NZT)
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.