Online Savings - no fees, no minimum balance | Rabobank
skip to content1
Rabobank
 

Kick start your savings with RaboSaver

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.

No minimum balance

Start saving with just $1

Create up to 5 sub accounts

Set aside money for a holiday, big event etc


No account fees

We are here to help you save

Interest calculated daily

Earn interest on every dollar


Your gateway to our products

Once you have a RaboSaver, you can quickly and easily invest in any of our other savings accounts online. To open a NoticeSaver account, you must first apply for a RaboSaver.

See our other products


RaboSaver for Children

An adult can open an account on behalf of any 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.

See Rabosaver for children

Frequently Asked Questions

Can I have more than one RaboSaver account?

Share

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?

Share

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?

Share

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 or cheque 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 Online Savings (RaboDirect)
  2. Click on 'Transfer'
  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?

Share

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.

Feel good about your savings

APPLY ONLINE