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Just a heads up, our Online and Mobile Banking will be unavailable between 5am and 7.45am on 8th of December 2016 while we take care of some work. Apologies for the inconvenience. If you’d like to speak to us, we’re available Monday to Friday 8am to 7pm (AEST time) on 1800 445 445.
RaboDirect
 

High Interest Savings Account

A flexible place for your savings with easy access when you need it.

Open a high interest savings account

Earn
3.05% p.a.*
variable rate on your first $250,000.
*Current 4 month introductory variable rate for new personal customers on deposits up to $250,000. Rate subject to change.

  • Kick-start your savings with a bonus introductory variable rate for the first four months (up to $250,000) on top of our standard variable rate
  • Ongoing high interest rate to keep your savings growing and you reaching your goals faster
  • No need to change your everyday banking
  • Three tiers of interest based on your balance
No account keeping fees No account keeping fees 
No minimum balance No minimum balance  
Interest paid monthly Interest paid monthly 
Access your money online or with our mobile app Online and mobile banking  
Your savings are protected by the Australian Government Guarantee Your first $250,000 is protected by the Australian Government guarantee^  
^ The guarantee protects the first $250,000 of all deposits held with Rabobank.
Smart Investor Online Bank of the Year 2015 Mozo Experts Choice 2016 - Base rate savings account

What our customers are saying...

Overall rating 9 / 10 'Exceptionally accessible and efficient.'

'The ease of operation is exceptional.'
Ian (NSW)

Overall rating 9 / 10 'Online banking you can trust, with best interest' 
'Rabobank provide an excellent online banking service, and the highest interest rates. Been very happy with Rabo for the last 4 years and now they are just part of my life. :-).'
Mike (VIC)

Information last updated on 11/05/2016.
Mozo does not receive a commission or fee from Rabobank for displaying reviews on this site. A complete set of reviews can be found on Mozo’s site.



Earn

3.05% p.a.*

variable rate on your first $250,000.

Mozo Experts Choice 2016 - Introductory Bonus Rate Savings Account Mozo Experts Choice 2016 - Base rate savings account

  • The four month introductory variable rate (up to $250,000) is a great way to kick-start your savings
APPLY NOW See all our rates for personal

*Current 4 month introductory variable rates for new personal customers on deposits up to $250,000. Rate subject to change.

HISA intro variable rates

Personal
Interest rate (% p.a.)

4 month additional variable rate
1.05%

Standard variable rate
2.00%

Total intro rate
3.05%

Information last updated on 7/12/2016

Earn

2.25% p.a.*

variable rate on your first $250,000.


  • The four month introductory variable rate (up to $250,000) is a great way to kick-start your savings
APPLY NOW See all our rates for business

*Current 4 month introductory variable rates for new business customers on deposits up to $250,000. Rate subject to change.

HISA intro variable rates

Business
Interest rate (% p.a.)

4 month additional variable rate
0.45%

Standard variable rate
1.80%

Total intro rate
2.25%

Information last updated on 11/8/2016

Earn

2.70% p.a.*

variable rate on your first $250,000.

Mozo Experts Choice 2016 - Introductory bonus rate SMSFMozo Experts Choice 2016 - Base rate SMSF

  • The four month introductory variable rate (up to $250,000) is a great way to kick-start your savings
APPLY NOW See all our rates for SMSF & trusts

*Current 4 month introductory variable rates for new smsf & trust customers on deposits up to $250,000. Rate subject to change.

HISA intro variable rates

SMSF & trust
Interest rate (% p.a.)

4 month additional variable rate
0.70%

Standard variable rate
2.00%

Total intro rate
2.70%

Information last updated on 11/8/2016


RaboDirect's 2016 Financial Health Barometer reveals on average, a staggering 14% of groceries are thrown away each week.

That's $1100 a year you could be saving in our High Interest Savings Account

DOWNLOAD THE REPORT

SearchCampaign NS FoodFarming 10billion

Start saving with a High Interest Savings Account

Apply online

1. Apply using our
online form
Link your bank account

2. Link your
everyday account
Download our mobile app

3. Get our mobile banking app
Start saving

4. Start your
savings plan

Apply now

The most commonly asked questions

What is a High Interest Savings Account?

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A RaboDirect High Interest Savings Account is the perfect way to get your dreams back on track. You'll get a great variable rate, plus there are no fees, no minimum balance requirements and no sneaky terms and conditions. You can transfer money any time between your Linked account with your other bank and your High Interest Savings Account (HISA). From your HISA you can instantly transfer funds into any of your other RaboDirect accounts.

Intro rate - Can I open more than one HISA

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No. Customers can only open one HISA account. If you have a more funds to invest and would like to maximise your interest we have a range of savings products that may meet your needs. More information about these products can be found on our website. 

Intro rate - Can I receive the introductory variable rate for my Business/Trust/SMSF?

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Absolutely, we offer introductory variable  rates for new SMSF, Trust and Business customers. Different introductory variable rates apply. 

Can the interest rate change?

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Yes, interest rates offered on our High Interest Savings Account, Purpose Saver, Notice Saver and PremiumSaver are variable and may change. Our Term Deposits have fixed rates.

We'll always let you know when the interest rates change.

When is the interest rate calculated and paid into my account?

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Interest is calculated daily throughout the month and is paid into your High Interest Savings Account at the end of each month. You can see the amount of interest you have earned for the previous month on the next months account statement or transaction history.

Can I install the app on more than one phone or tablet?

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Yes, you can download and register the RaboDirect Mobile Banking App on up to six devices per account. 

How do I transfer funds into my RaboDirect account?

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You can transfer funds into your High Interest Savings Account (HISA) using the 'Transfer in' feature if you have allowed direct debit authority on your linked account. You can also transfer funds into any of your RaboDirect HISA or PremiumSaver accounts via electronic funds transfer (EFT) from most Australian accounts using your RaboDirect BSB and Account number.

RaboDirect Financial Health Barometer 2016 Report

2016 Food and Farming Report

A great way to reduce your household food wastage and save money.

Learn More
RaboDirect Financial Health Barometer 2016 - Infographic header

How to start a savings plan

Every year, Australians scrape $10 billion off their plates into the garbage. We’re not only wasting food but the resources that went into producing that food and the hard earned dollars used to pay for the goods. That’s the bad news. The good news?

Learn More
financial health barometer ROI on your healthy habits

Financial health barometer ROI on your health habits

Investing extra money into a healthy lifestyle to increase happiness might cause undue stress on those on a tight budget. However, you can end up saving money in the long term if you invest in your health today.

Learn More