We all want the best from our savings. As online savings specialists, we can help you get the most out of every dollar you save.
*Maximum rates apply when your closing balance on the last day of the month is at least $200 higher than it was at the beginning of the first day of the month (excluding interest earned).
*New customers get a 4 month introductory variable rate on our High Interest Savings Account for deposits up to $250,000
Get all your savings working together
Chances are you need to use different parts of your savings in different ways. You may need instant access to some funds, but want to lock other money away. So we've created a set of savings accounts that work together to give you flexibility and choice.
With us, you can start with any account and you automatically get access to the whole set, with no account keeping fees and without the hassle of multiple applications.
RaboDirect Savings Calculator
See how your savings can grow
A great way to see how you can maximise your savings is to use our savings calculator. Select the features that you're after and see how our range of personal savings products work together to get your money working harder for you. You can see your savings over time and you can set a savings target.
The most commonly asked questions
No, RaboDirect does not charge any account fees on any savings accounts or Term Deposits.
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.
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.
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.
The portion of account balance greater than $250,000 earns the standard variable rate for that tier.
After the introductory 4 month period, all balances revert to the current standard variable rates on those tiers.
Please refer to the ‘My Rates’ page for details.
Yes, you can download and register the RaboDirect Mobile Banking App on up to six devices per account.
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