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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
 

Personal Savings

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.

High Interest Savings Account

High Interest Savings AccountUp to
3.05% p.a.^

Get the most out of every dollar you save without changing your everyday bank, helping you save in the most flexible way.

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PremiumSaver

PremiumSaverUp to
2.55% p.a.*

Create a smart saving habit and get a higher rate of interest just for increasing your balance by at least $200 each month*.

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Notice Saver

Notice Saver90 Day Notice Saver up to
2.75% p.a.

Ideal when you don't need instant access to your savings and want to  stay focused on your goals.

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Term Deposits

Term Deposits5 year term up to
3.30% p.a.

Lock in your savings and get a guaranteed return. You can start from as little as $1,000 with terms from 1 month to 5 years.

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^Current 4 month introductory variable rate for new personal customers on deposits up to $250,000. Rate subject to change.
*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).
Kick start your savings plan with a 4 month introductory variable rate of 3.05% p.a.*
*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.

How RaboDirect works

The most commonly asked questions

Are there any account keeping fees?

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No, RaboDirect does not charge any account fees on any savings accounts or Term Deposits. 

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.

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.

Intro rate - Can the introductory variable rate change or is it fixed?

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The introductory variable rate is variable, which means it is subject to change. 

Intro rate - How does the introductory variable rate work?

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The introductory variable rate is available for accounts opened on or after 15th June for a period of 4 months on balances up to $250,000. 

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. 


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. 

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