skip to content1
Scam Alert: New Zealanders are being targeted by phone scammers. Don’t let anyone who calls you unexpectedly encourage you to install software to provide access to your device. Click here to find out more.

We are experiencing some issues with the Rabobank Online Savings mobile app which means it is unavailable for some Apple users.
Rabobank
 

The Benefits

  • No account fees
  • No minimum balance
  • Premium rate of interest for regular savers on balances up to $100,000*
  • Balances over $100,000 up to $5 million earn a rate of 1.90% p.a. provided the monthly increase conditions are met.*
  • Funds are on call, make unlimited withdrawals during the month
  • Interest is calculated daily and paid monthly
  • Earn a return and help grow a better New Zealand
  • One dedicated PremiumSaver account per account entity

The Details

Earn a premium rate by increasing your month-end balance by at least $50 from the start of the month (excluding any interest paid during the month). You need to do this before the last business day of the month.

You can earn the premium rate on balances up to $100,000, and any balance above this up to $5 million will earn the RaboSaver rate of 1.90% p.a. provided the monthly increase conditions are met. 

If your PremiumSaver balance at the end of the month is not at least $50 higher than it was at the start of the month (excluding any interest paid during the month), then the entire balance will earn 1.50% p.a. for that month up to $5 million.  

Only one PremiumSaver account can be opened for individual, joint or children's accounts and is a great option if you're a regular saver or keen to start a savings habit. It's not available to business or trusts.

We recommend you set up a regular savings plan for the 26th of the month, or an earlier date that is convenient to you. Doing this will ensure that the money is received by us before the last business day of the month.

*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 1.50% p.a. will apply to the total PremiumSaver balance for that month up to $5 million.









Apply online in minutes

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


Ready to start saving?

Already have an account? Click here


Find out more

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







Talk to us

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




Other savings options

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

4.75%p.a.

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

Learn more

NoticeSaver

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

Interest Rate

2.55%p.a.

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

Learn more

RaboSaver

RaboSaver makes it easy to move money around your accounts.

Interest Rate

1.90%p.a.

  • Interest calculated daily, paid monthly
  • No account fees or minimum balance
  • Unlimited deposits & withdrawals

Learn more


^ A 60 day notice period applies prior to each withdrawal


Frequently Asked Questions

How do I make deposits into PremiumSaver?

Share
The best way to ensure you earn premium interest is to set up a Regular Savings Plan. You can set up a Regular Savings Plan and make one-off deposits from your Nominated Account online. 
  1. Log into Online Savings (RaboDirect)
  2. Click 'Transfers'
  3. Select the 'From' (Nominated Account) and 'To' (PremiumSaver) accounts
  4. Enter the transfer details e.g. date and amount
  5. Confirm the transfer with your Digipass
We recommend setting your Regular Savings Plan for the 26th of the month or earlier to ensure the funds are in your account by the last business day. 
To make deposits from an account that is not your Nominated Account, just use the facilities of the other bank.

How do I know if I have met the $50 balance increase?

Share
You can check your balance and see if funds need to be added to your PremiumSaver online. 
  1. Log into Online Savings (RaboDirect)
  2. Click ‘Savings’
  3. Click your PremiumSaver account number
  4. You will then see your balance, the interest rates and a statement advising if you need to add funds to your account to earn maximum interest
If this says “… you need to increase your balance by $0.00 …” then the $50 balance increase has already been met.

Can the PremiumSaver interest rate change?

Share

Yes. PremiumSaver interest rates are variable and are subject to change.

How do I close my PremiumSaver?

Share
You are welcome to keep the account open so you can use it again in future. It can stay open at a zero balance and doesn’t incur fees.
To close the account:
  1. Log into Online Savings (RaboDirect)
  2. Empty the account using the ‘Transfers’ function
  3. Click on the envelope icon top right hand corner of page to send a secure message.
  4. Confirm in the message you would like to close your PremiumSaver
  5. Click ‘Send’
We will then close the account and pay any remaining interest to your RaboSaver account.

Can I set up a regular transfer into my PremiumSaver?

Share
Yes. You can set up a regular transfer into your PremiumSaver from your Nominated Account. 
  1. Log into Online Savings (RaboDirect)
  2. Click ‘Transfers’
  3. Select the ‘From’ (Nominated Account) and ‘To’ (PremiumSaver) accounts
  4. Select regular transfer. 
  5. Enter the amount, date and frequency.
  6. Confirm the transfer.
We recommend you set up a regular savings plan for the 26th of the month, or an earlier date that is convenient to you. Doing this will ensure that the money is received by us before the last business day of the month.