NoticeSaver Earn
%
p.a.
On balances up to $5 million.*
Earn a variable interest rate by providing 60 days' notice each time you make a withdrawal.
Features and benefits
Important Information
*Rabobank Online Savings terms, conditions and eligibility criteria apply. Interest rates apply to Individual, Joint and Children 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.
^You can earn the premium rate of % on balances up to $100,000. Any balance above $100,001 up to $5 million, will earn the premium rate of %. To qualify for the premium rate, your PremiumSaver balance on the last calendar day of the month must be at least $50 higher than it was at the start of the calendar month (excluding interest earned for that month). If this requirement is not met, the base rate of % p.a will apply to your entire PremiumSaver balance for that month, up to $5 million.
Make saving a habit with a 60 day NoticeSaver
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.
NoticeSaver is a savings account with a variable interest rate, a Term Deposit is a fixed deposit with a fixed rate and period.
There are several key differences:
- The NoticeSaver interest rate is variable - a Term Deposit rate is fixed.
- NoticeSaver offers access to your money after the required notice period - a Term Deposit has a fixed period.
- NoticeSaver allows you to deposit money into the account whenever you like - a Term Deposit does not.
To make a withdrawal from NoticeSaver you will need to load a transfer request and wait the 60 day notice period before receiving your funds. For this reason, we suggest that you keep some funds in your RaboSaver account in case you need them in a hurry.
If you are suffering from financial hardship, you can apply for the early release of your funds by completing our NoticeSaver Financial Hardship Declaration form and providing evidence of the hardship. We will consider your application and advise you if it has been accepted.
See the NoticeSaver Financial Hardship Declaration form for examples of hardship and the type of evidence required.
Interest is calculated daily and paid on the last business day of each month.
Before you can close your NoticeSaver account you will need to withdraw all the funds.
To make a withdrawal:
- Click 'Transfers'
- Select your NoticeSaver in the 'From Account' field
- Choose where you would like the funds paid to
- Enter the amount
- Click continue
- Confirm the transfer by following the onscreen instructions
Once the 60 day notice period has ended and the funds have been withdrawn, you can call us on 0800 22 44 33 or send a secure message instructing us to close the account by clicking on the envelope icon (top right hand corner) to open secure message. We will transfer any interest earned during the 60 day notice period to your RaboSaver account when the NoticeSaver account is closed.
There's no limit on the number of notice instructions you can place as long as you have sufficient cleared and available funds in the account.
When you open a Rabobank Savings account, you’ll need to link a New Zealand registered bank account - this is called your Nominated Account.
Your Nominated Account acts as a secure, verified account where you can transfer money to and from your Rabobank account.
You can make one off transfer or set up a regular savings plan from your Nominated Account online.
1. Log into Rabobank Online Savings
2. Click 'Transfer & pay'
3. Select the 'From' (Nominated Account) and 'To' (NoticeSaver) accounts
4. Select if you would like a ‘once only’ or ‘recurring’
5. Enter the amount, date and frequency if required
6. Confirm the transfer by following the on-screen instructions
You or any other individual or organisation can deposits funds into your NoticeSaver account. Just use the facilities of your other bank or provide your account number to the other party.
Log into your Rabobank Online Savings account 60 days before you want access to your funds and create a transfer.
1. Click 'Transfer & pay’
2. Select your NoticeSaver in the 'From Account' field
3. Choose where you would like the funds paid to
4. Enter the amount
5. Click continue
6. Confirm the transfer by following the on-screen instructions
Yes, notice instructions can be cancelled at any time up until the last business day before the transfer is due.
1. Log into Rabobank Online Savings
2. Click 'Transfer & pay’ button, then select 'Upcoming Payments'
3. Select the NoticeSaver account
4. Select the payment you wish to cancel
5. Select 'Cancel'
6. Confirm the action by following the on screen instructions
Note: Once the notice has been cancelled, and if you wish to load a new notice, the 60 days' notice period will restart.
You can have one NoticeSaver account under each different account type you hold with Rabobank Online Savings. For example, if you have an Individual Savings Account, a Joint Savings Account, and a Business Savings Account, you are able to open three separate NoticeSaver accounts.
You can view the remaining notice period before your funds will be paid by:
- Logging into the Rabobank Online Savings mobile app or Internet Banking
- Selecting 'Transfer and Pay'
- Selecting 'Upcoming Payments'
It's rare for banks and other deposit takers to fail. But in the unlikely event of a failure, your money could be automatically protected up to $100,000. Find out more about how the Depositor Compensation Scheme protects your money.