These interest rates apply to our Online Savings Accounts only. For in branch deposit rates, see here.
Term Deposit
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Invest with as little as $1,000 and choose a term that suits you from 1 month and up to 5 years.
The rates below are applicable to Personal Accounts which include: Individual, Joint and Children Accounts.
| Terms | At Maturity | Monthly | Quarterly | Six-monthly | Annually |
|---|---|---|---|---|---|
| 1 month | % | - | - | - | - |
| 3 months | % | - | - | - | - |
| 6 months | % | - | - | - | - |
| 9 months | % | - | - | - | - |
| 1 year | % | % | % | % | - |
| 15 months | % | % | % | - | - |
| 18 months | % | % | % | % | - |
| 2 years | - | % | % | % | % |
| 3 years | - | % | % | % | % |
| 4 years | - | % | % | % | % |
| 5 years | - | % | % | % | % |
A minimum investment of $1,000 is required. Interest rates apply to deposits up to $5 million, and are available for Individual, Joint and Children Accounts only. 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.
NoticeSaver
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Earn a great variable interest rate by providing 60 days' notice each time you wish to make a withdrawal.
| Account types | Interest rate | Notice period | Minimum balance | Fees |
|---|---|---|---|---|
| Personal | % | 60 days | $0 | None |
| Children | % | 60 days | $0 | None |
| Trust | % | 60 days | $0 | None |
| Business | % | 60 days | $0 | None |
PremiumSaver
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Balance1 | Premium rate2 Balance increased by $50 a month (% p.a.) | Base rate2 Balance not increased by $50 a month (% p.a.) |
|---|---|---|
| Up to $100,000 | % | % |
| $100,001 to $5,000,000 | % | % |
1You can earn the premium rate on balances up to $100,000. Any balance above $100,001, up to $5 million, will earn the premium rate of % p.a. 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 % will apply to your entire PremiumSaver balance for that month, up to $5 million. Rabobank Online Savings terms, conditions and eligibility criteria apply. Interest rates subject to change without notice. All interest rates shown are expressed as a percentage per annum (p.a.) before the deduction of taxes.
2Interest paid to your account will appear on your statement as either 'Maximum Interest' or 'Credit Interest'. You'll receive 'Maximum Interest' if you qualify for the premium rate during the month, or 'Credit Interest' if you don't meet the monthly balance increase requirement. PremiumSaver rates are variable call rates and subject to change without notice. Contact Client Services via the app or on 0800 22 44 33, Monday to Friday, between 8am and 6pm for a rate quote on balances greater than $5 million.
RaboSaver + PurposeSaver
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RaboSaver and PurposeSaver make it easy to move money around into other accounts and still get a competitive rate.
| Account types | $0 - $5 million | $5 million + | Minimum balance | Fees | Withdrawal penalties |
|---|---|---|---|---|---|
| Personal | % | % | $0 | None | None |
| Children | % | % | $0 | None | None |
| Trust | % | % | $0 | None | None |
| Business | % | % | $0 | None | None |
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.
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.
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.
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. 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.
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.
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.
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.