PremiumSaver

There is no minimum account balance for your PremiumSaver. The maximum account balance is $5 million. However, the maximum balance to receive premium interest is $100,000.

Balances between $100,000 and $5 million will earn interest at the RaboSaver rate, providing the monthly balance increase is met. If the monthly balance increase is not met, the minimum interest rate will apply to all funds in the account.

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

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

Interest is calculated daily and paid to your PremiumSaver account on the last business day of the month. This means the interest will be included in the opening balance for the following month.

Keep in mind:

• Interest payments don’t count towards the minimum $50 balance monthly increase to receive premium interest.
• If you make a withdrawal, your balance will decrease and you may miss out on premium interest for that month.

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

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’

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.

Yes. Your funds are on call so you can make withdrawals at any time. Just keep in mind that this may affect your interest rate.

If your balance on the last business day of the month is not at least $50 more than it was at the start of the month (excluding any interest paid during the month), you will earn interest at the minimum rate.

For example: You start the month with a balance of $1,000. If you withdraw $200, this drops your balance to $800. You will need to deposit at least $250 by the last business day to bring your balance to $1,050 (opening balance + $50) and earn maximum interest.

To make a withdrawal:

1. Log into Rabobank Online Savings
2. Click 'Transfer money'
3. Select the 'From' (PremiumSaver) and 'To' (Nominated) accounts
4. Enter the transfer details e.g. amount and date
5. Confirm the transfer with your Digipass

You need to increase your previous month-end balance by $50 or more by the last business day of the month.

To make sure you don't miss out on premium interest, we recommend setting up a Regular Savings Plan.

To do this:

1. Log into Rabobank Online Savings
2. Click 'Transfer money' then select ‘Move money’
3. Select the 'From' (Nominated Account) and 'To' (PremiumSaver) accounts
4. Select recurring
5. Enter the amount, date and frequency
6. Confirm the transfer with your Digipass

If you set up a regular savings plan for the 26th of the month or earlier, this will ensure that the money is received by us before the last business day of the month.