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Annual Withholding Tax Certificates for Rabobank Online Savings customers are now available.

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The Benefits

  • No account fees
  • No minimum balance
  • Create up to 5 sub accounts for holidays, big events etc.
  • Interest is calculated daily and paid monthly
  • Easy access to your savings
  • No need to change your everyday banking
  • Earn a return and help grow a better New Zealand

The Details

Get your savings up and running with our RaboSaver account. With no account fees or minimum balance, it offers flexibility and easy access to your money. You also get to feel good knowing that your savings help support our local farmers who grow the produce we enjoy every day. 

Once you have a RaboSaver, you can quickly and easily deposit in any of our other Rabobank Online Savings accounts.

An adult can open an account on behalf of a child under the age of 18. The account will be opened in the child’s name and the adult will act as the authorised signatory.

Ready to start saving?

Already have an account? Click here

Apply online in minutes

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

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


  • 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


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

Interest Rate


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

Learn more


Earn a premium interest rate if you increase your balance by $50 per month.*

Variable rate up to


  • Premium interest for growing your savings up to $100k*
  • Money is on call
  • No account fees or minimum balance

Learn more

^ A 60 day notice period applies prior to each withdrawal

* 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 2.50% p.a. will apply to the total PremiumSaver balance for that month up to $5 million.

Frequently Asked Questions

Can I have more than one RaboSaver account?


Yes. You can open up to five PurposeSaver accounts which allow you to separate your savings if you have several goals in mind.

To open a PurposeSaver account:

  1. Log into Rabobank Online Savings
  2. Click on ‘Accounts’ tab and scroll to the bottom of the page
  3. Click on ‘Open a new savings account’
  4. Then follow the instructions to open a PurposeSaver account
  5. Click 'Confirm'

Note: For legal and tax purposes these accounts will be in the same name as your RaboSaver account. To open an account in a different legal name you will need to complete an application for a new Rabobank Online Savings account.

Do clearance periods apply to Rabobank Online Savings funds?


This depends on how the funds are transferred to your account.

If you transfer funds into your account using the Rabobank online banking system, a clearance period of three business days will apply. This is because the funds are direct debited from your Nominated Account and we need to ensure that the transaction will not be dishonoured before we make the funds available to you.

You will start earning interest immediately but you will not be able to transfer the funds until the funds have cleared.

If funds are transferred to your account using the services of another bank there is no clearance period. The funds will be available to use as soon as they reach your account.

How do I deposit and withdraw funds?


Transferring funds in

When you open an account with us, you are asked to accept our online direct debit authority. This allows you to transfer funds into Rabobank from your nominated bank account, all within our online banking system.

You can of course make deposits from any other bank account you hold, or have other people/organisations deposit funds into your account. Just use the facilities of your other bank or provide your account number to the other party.

As an online bank, it is not possible to make cash deposits.

Transferring funds out

When you withdraw funds they must always go back to your Nominated Account.

To make a transfer in or out:

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

When is interest paid on my RaboSaver or PurposeSaver account?


Interest is calculated daily and paid to your RaboSaver account on the last business day of the month. The payment will be available to you on the first day of the new month.