As a RaboDirect customer, all your deposits are guaranteed by our ultimate parent bank, Rabobank.
Rabobank has been ranked one of the top ten safest banks in the world by Global Finance Magazine for more than ten years.
Did you know?
RaboDirect's head office is in Sydney, as part of Rabobank Australia Limited, and the international Rabobank Group's head office is in the Netherlands
We are a part of a cooperative bank with no accountability to the stock market, which means we can offer honest banking with our customers best interests in mind
Rabobank is one of the world's 25 largest financial institutions, with over AUD 1,000 billion in assets
Rabobank operates in 46 countries Rabobank has 9.5 million customers Rabobank employs 61,000 people from around the world
From February 1 2012, the Government guarantee will apply to balances of $250,000 per account holder, per institution. This $250,000 cap is combined and therefore is 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 $1million level until 31 December 2012; or until the Term Deposit matures – whichever is soonest. 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:
Managed Funds investments through RaboDirect are not covered.
In terms of Tier 1 Capital, Rabobank Group is among the world’s 30 largest financial institutions. Rabobank is among the most highly rated banks in the world, having been ranked among the top 10 safest banks in the world for over 10 years in Global Finance magazine’s ‘World’s 50 Safest Banks’ list.
In the first half of 2012, the global Rabobank Group recorded an interim net profit of EUR 1.3 billion and our total assets stood at EUR 770 billion.
In 2011, the European Banking Authority announced the results of stress tests for banks and, as expected, Rabobank performed very strongly. These 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 the stress test.
The Rabobank Group has very limited net exposure to sovereign debt in Greece, Italy, Ireland, Portugal, and Spain. As at June 2012, the Rabobank Group’s exposure in these countries was EUR 252 million (0.033% of total assets).
Rabobank Australia is part of Rabobank International, the Rabobank Group's international arm. All deposits with Rabobank Australia (including with those deposits with its online banking division, RaboDirect) are fully guaranteed by its ultimate global parent company, Rabobank*, a guarantee which is unlimited and unsecured.
Since its establishment, all profits made by Rabobank Australia have remained within Australia and have been reinvested in the local food and agribusiness markets.
Read more information in the Investor Relations section of Rabobank's international website.
* Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A.
Rabobank Australia Ltd is one of Australia's leading agri-business lenders.
Food and agri-business is one of the largest and most important business sectors in Australia, representing a major portion of GDP and employing an estimated hundreds of thousands of people.
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.