Safety Guarantee

As a RaboDirect customer, all your deposits are guaranteed by our ultimate parent bank, Rabobank. Rabobank has been ranked one of the top 10 safest banks in the world by Global Finance magazine for more than 10 years.

In addition from 1 February 2012, the Government Guarantee will apply to balances of $250,000 per account holder per institution. This $250,000 cap is combined and therefore applicable to balances across both RaboDirect and Rabobank deposits.

All Term Deposits taken out on or before 10 September 2011 will be covered at the previous $1 million level until 31 December 2012, or until the Term Deposit matures - whichever occurs sooner. For any Term Deposits taken out during this time and rolled over, the $250,000 cap will apply from the rollover date.

RaboDirect products which are covered by the Financial Claims Scheme include: HISA, Purpose Saver, PremiumSaver and Term Deposits. Managed Funds investments through RaboDirect are not covered.

Don’t forget, as a RaboDirect customer, all your deposits are guaranteed by our ultimate parent bank, Rabobank.

Rabobank Australia Limited, the issuer of RaboDirect, is covered by the Australian Federal Government guarantee of deposits. As you are a RaboDirect Customer, all your deposits are also guaranteed by Rabobank Australia Limited's ultimate Dutch parent, Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A (known as Rabobank or Rabobank Nederland). Read more information in the Investor Relations section of the Rabobank Group's international website.
Rabobank Australia Limited, which issues RaboDirect, is prudentially regulated by the Australian Prudential Regulation Authority (APRA).

Rabobank Australia Ltd is Australia's leading agri-business lender.

Food and agri-business is one of the largest and most important business sectors in Australia and New Zealand, representing a major portion of GDP and employing an estimated 700,000 people across both countries. Rabobank plays an important part in this industry, providing significant corporate financial services to the food and agribusiness sectors in Australia and New Zealand.

Rabobank Group's global financial results support Rabobank's enviably solid, stable position in the global financial sector. Rabobank prides itself on the strong support we provide to our customers in Australia and New Zealand to allow their business to grow and develop.

• Global Finance magazine names the World's Safest Banks 2011
• Read about Rabobank’s international financial standing

Rabobank confirms its position as one of the strongest banks in the world. The bank’s net profit increased by 13% to EUR 1,854 million in the first half of 2011. Our total assets stood at EUR 665 billion as at 30 June 2011.

Rabobank is well capitalised and has very strong solvency ratios, with a tier 1 capital ratio (a key measure of solvency) of 16.2 per cent.

The European Banking Authority’s bank stress tests, carried out this European summer, showed Rabobank to perform very strongly. The tests showed that under a worst-case stress scenario, Rabobank’s core tier 1 ratio would be more than twice the level required to pass.

At EUR 448 million (0.067% of total assets), Rabobank Group has very limited net exposure to European government bonds issued by Portugal, Italy, Ireland, Greece and Spain. Our current exposure to Greece amounts to EUR 111 million (0.017% of total assets), while sovereign debt exposure to Italy is EUR 255 million (0.038% of total assets).

Rabobank has been ranked among the top 10 safest banks in the world for more than 10 years in Global Finance magazine’s list of the world’s safest banks.

All deposits and investments with RaboDirect and Rabobank in Australia and New Zealand are fully guaranteed by the global Rabobank Group.

Locally, Rabobank Australia & New Zealand Group has recorded a very solid financial performance. For 2010, Rabobank Australia & New Zealand achieved a record net profit after tax of AUD 182.9 million, up 7.5 per cent on the previous year.

For the first half of 2011, Rabobank Australia & New Zealand’s results were similarly strong – tracking ahead of budget at a net profit after tax of AUD 104 million.

Since its inception, all profits made by Rabobank Australia & New Zealand Group have remained within Australia and New Zealand and have been reinvested in the local market.