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Open Business High Interest Savings Account at RaboDirect with $25k Balance, Get Free iPad Mini

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Open Business High Interest Savings Account at RaboDirect with $25k Balance, Get Free iPad Mini
Go to Deal
scotty on 19/06/2014 - 20:27 rabodirect.com.au (3574 clicks)
Last edited 20/06/2014 - 00:05
REBELS14

Somehow stumble on this one — can't find the page on RaboDirect's page but only available in that little popup Updated: thanks to EC who PM'ed me the direct link. It's also for business (rather than for individuals) that have some cash that needs to be parked somewhere. Basically, open a business account at RaboDirect, use promo code REBELS14, have $25,000 or more in the account by the year end, and they'll give you an iPad mini for free.

Terms and conditions:

  • Offer available to eligible new business account holders (for eligibility to open a RaboDirect account, please read our Terms and Conditions).
  • A minimum balance requirement of $25,000 applies
  • This offer is valid from Thursday 20 February until 31 December 2014 or whilst stocks last, and the balance must reach $25,000 before the end of the offer period to be eligible.
  • Only one iPad mini per account opened.
  • Please allow up to 4 weeks for the delivery of the iPad mini
  • Offer is subject to availability. If for any reason whatsoever beyond RaboDirect's reasonable control the offer is not capable of being conducted as reasonably anticipated, including due to tampering, unauthorised intervention, fraud or any other causes beyond RaboDirect's control which corrupt or affect the administration, security, fairness or integrity or proper conduct of the offer, RaboDirect reserves the right in its sole discretion, to suspend, modify, or terminate this offer or disqualify any individual from receiving this offer.
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closed Comments

  • PissLUR on 19/06/2014 - 20:32
    +2

    Once your HISA balance reaches $25,000, you will receive your FREE iPad mini

    • ssmith3104 on 05/07/2014 - 09:55

      Ripper deal. I opened it on 27/6 and they closed the offer the very next day however they have honoured the deal for me and I got an email from them 3/7/14 saying that the iPad was being mailed to me that day! Wow. I am impressed.

      When I spoke to them they said that the offer had been in existence since March with very little take-up but that after the Ozbargain posting, that things went crazy and they suddenly had new customers flooding in for that offer each day equal to what otherwise they had received each month!

  • rekabkram on 19/06/2014 - 20:43

    I couldn't spot the rates, if an iPad mini is worth around $300 that's 1.2% interest at $25,000. I wish this was available for personal accounts.

    • rbaggio on 19/06/2014 - 20:45
      +4

      That particular account is currently paying 3%.
      http://www.rabodirect.com.au/business-savings/rates/

    • tomclancy on 19/06/2014 - 20:56
      +1

      Yeah, but can you just deposit $25k one day and take it out the next? Then interest isn't a factor. Terms don't seem to say this isn't possible, just "when you balance reaches $25,000…"

    • morpheu on 19/06/2014 - 22:12

      actually $349 RRP assuming it's the base model Mini 16gb wifi only, i don't expect Mini Retina or wifi/cellular model considering this is a bonus offer

      • channy on 20/06/2014 - 13:53
        +1

        Confirmed with customer service that it is the Ipad Mini 16GB wifi.

    • scotty on 19/06/2014 - 22:21

      Do note that business accounts always pay less interest rate somehow. For RaboDirect,

      I currently use St. George for my business savings account simply because the everyday account is with them, and the interest rate there is pretty bad comparing to personal savings account with RaboDirect, MEBank or UBank.

      I think this might be worth it if you are already parking your pre-tax & BAS money in a business savings account. The benefit is not that great if you are moving fund from your personal savings account.

  • easternculture on 19/06/2014 - 20:45
    +21

    nice, with all this years' deals from ozbargain, ive managed to save $25000

    Now to put the $25000 to good use and get a free iPad :D

    • nubix on 19/06/2014 - 21:45
      +57

      Don't know how you did it. Felt like I spent an extra $25000.

      • darknight on 19/06/2014 - 23:06
        +2

        You are under quoting…

        The $25k would have went to DSE's daily 12%-20% discount + free shipping… oh wait… mostly spent on Eneloops…

        Maybe a bit on SSD from Amazon as well…

  • Aids on 19/06/2014 - 20:47
    +64

    Bummer, with all this years deals from ozbargain, I blew $25000 on Headphones, torches, and eneloops.

    • yojabbajabba on 19/06/2014 - 20:51
      +4

      Don't forget the tea bags, eBooks, SSDs and all those 5% rebate/lifetime membership for free credit cards!

      • ChickenTalon on 20/06/2014 - 15:59
        +1

        I blew $25000 on Headphones, torches, and eneloops.

        Don't forget the .. eBooks..

        You spent money on ebooks? you're doing ozb wrong!

    • Headphones on 19/06/2014 - 20:53
      +41

      Sorry about that, I am quite irresistable.

    • Jinster on 19/06/2014 - 21:00
      +1

      Love it!

    • montorola on 19/06/2014 - 21:59

      At least you got 25000 points right…..you did use your Citibank credit card that you signed up for in the family and friends deal last year….right?? lol

    • morpheu on 19/06/2014 - 22:31
      +3

      i burned most of my 25K on that Maccas Mcflurry deal(hack?) https://www.ozbargain.com.au/node/131568 and the rest Hungary Jacks, Eneloops, beef jerky and enough handheld flashlights to make my own Batman searchlight…

      • nailsforlunch on 20/06/2014 - 00:34
        +5

        Does Hungarian Jack charge much? Hourly fee?

  • alvian on 19/06/2014 - 20:58
    +2

    Once the account receives $25,000 deposit, do I have to maintain this minimum balance until the end of 2014 to get the free iPad mini? The T&C are unclear.

  • easternculture on 19/06/2014 - 21:17
    +3

    Signed up. Lets see how it goes

    • parker1 on 19/06/2014 - 21:58
      +2

      Nice. You clearly have 25k spare.

    • ozyack on 20/06/2014 - 00:28
      +2

      Do you intend to keep the money there till you get the iPad?
      edit: to answer my own question I would keep the money till iPad arrives because of this:
      "Offer is subject to availability. If for any reason whatsoever beyond RaboDirect's reasonable control the offer is not capable of being conducted as reasonably anticipated, including due to tampering, unauthorised intervention, fraud or any other causes beyond RaboDirect's control which corrupt or affect the administration, security, fairness or integrity or proper conduct of the offer, RaboDirect reserves the right in its sole discretion, to suspend, modify, or terminate this offer or disqualify any individual from receiving this offer."

      • grasstown on 21/06/2014 - 22:54

        Has OzB written all over it

  • DEvok on 19/06/2014 - 21:23

    A business account, dream on, if they wanted customers then they need to let everyday account holders join the fun, it's quite a useless deal really if you don't own a abn.

    • easternculture on 19/06/2014 - 21:26
      +5

      Anyone can apply for an ABN as a sole trader , it will only take you a few minutes and its FREE

      • chiefbodge on 19/06/2014 - 21:50
        -5

        Keep in mind that signing up for an ABN has tax implications and businesses aren't legally allowed to trade at a loss long term.

        • easternculture on 19/06/2014 - 21:56
          +6

          ive had an ABN as a sole trader since 2004 and its never had any tax implications for me. And ive never used it except for phone contracts/deals that require an ABN

        • lplau on 19/06/2014 - 22:03
          -7

          Just wait until they audit you then fine you for misusing a ABN. lol.

        • easternculture on 19/06/2014 - 22:13
          +7

          why would they fine me. I pay my taxes, declare my income

        • louuisc on 19/06/2014 - 22:34
          +3

          Fine him based on what?

        • easternculture on 19/06/2014 - 22:43

          Just wait until they audit you then fine you for misusing a ABN. lol.

          i think he/she is just talking smack now :o

        • chiefbodge on 19/06/2014 - 22:58
          +4

          I'm not telling people not to get an ABN (there are many great reasons to have one) I am just saying to be aware of any possible obligations you may have in doing so.

          It's like telling people they should get a credit card because it has no annual fee - there are still things that people should know.

        • TravelKon on 20/06/2014 - 00:26
          +5

          I am a tax accountant and there are 0 risk of applying for an ABN. As long as you are declaring your income properly the ATO won't audit you, even if they do they won't "fine" you for having ABN that is inactive…

        • lplau on 20/06/2014 - 07:56
          +2

          You need to prove that you were eligible for a abn. So make sure all the answers that you give them is true. If you don't have proof then they can nab you under this:
          https://abr.gov.au/General-information/Making-a-false-or-mis…

        • Daabido on 20/06/2014 - 11:33
          +1

          Pure nonsense.

      • 2real4u on 20/06/2014 - 00:21
        +1

        "On the basis of the information you have provided it appears that you are not currently entitled to be registered for an ABN.

        Basis for decision
        As you have not demonstrated that you have commenced operating an enterprise, or have indicated that your business activities do not constitute an enterprise, you are not entitled to be registered for an ABN."
        might have to pass this one..

  • chiefbodge on 19/06/2014 - 21:25
    -1

    This is a great offer If I can just put $25k in and withdraw it straight away. I would be bitterly disappointed if they decided not to honour it because the money was in for a short time.

    • muncan on 19/06/2014 - 22:14
      +2

      I would be bitterly disappointed if I left $25k in and they decided not to honour it.

  • T-man on 19/06/2014 - 21:29

    iPad mini, new or refurbished?

    • alittlelewd on 19/06/2014 - 21:47
      +5

      Blended to a fine mist.

    • wtfnodeal on 19/06/2014 - 23:25
      +1

      And with Rabobank bloatware?

  • Pandabargain on 19/06/2014 - 21:35

    Hmm

  • ryanhunt on 19/06/2014 - 21:36
    +2

    Looks like you need a business bank account with another bank to be eligible.

    Documents to gather

    BSB and account number of an existing bank account in Australia in your business's name
    ABN or ACN
    Yours and your business's Tax File Numbers or exemptions (you can still complete your account application without it)

    Confirm your eligibility

    You and the business need to meet the following criteria:
    The business is currently registered in Australia and has an ABN/ACN for tax purposes
    The business has a bank account in its name with another financial institution
    You, the Authorised Signatory, are over 18 years of age
    You, the Authorised Signatory, are an Australian resident for tax purposes

    • alittlelewd on 19/06/2014 - 21:46

      I'm a contractor and my personal bank account is the same one that I use for my business.

      My ABN is tied to my business but I don't know about my bank account being tied to it.

      I'm hoping that it is, could be an easy free iPad.

      • chiefbodge on 19/06/2014 - 21:49
        +1

        If you are a sole trader your "entity name" is your full name so I think that should be sufficient. Sole traders can have trading names but their entity name is always their full legal name.

    • scotty on 19/06/2014 - 22:16
      +1

      RaboDirect is a savings account and you usually need a transactional account to move the money in/out of your savings account.

  • Windows7forever on 19/06/2014 - 21:44

    I'm curious

  • Aceboy884 on 19/06/2014 - 21:51

    SOLD!

  • zooter on 19/06/2014 - 21:54

    good deal, now if only I can start a business, open an account and then use that account to open this account…

  • slknv on 19/06/2014 - 21:59

    hmmm… just bought my business a new car today otherwise I'd have parked the money in that account for a day to get that mini. Ah well… still got time before the end of the year.

  • skinny on 19/06/2014 - 22:26

    Oh no! with all the tax deductions for business in this year's budget, why do they need this?

  • Ace26 on 19/06/2014 - 22:26
    +1

    You are required to send quite a few documents back to rabobank to complete the account opening process.

    1. An extract from ASIC website showing details of the directors and their details etc (if the entity type is company).
    2. Certified ID (passport or driver's licence)
    3. Verify linked account (by means of confirming the reference number), so you need an account in business name to get link the bank account.

    Great deal if you can meet the requirements

  • ChatCPT on 19/06/2014 - 22:28
    +1

    i dont get it - all we need to do is open an account and deposit 25k to qualify for the ipad. How long does this need to be in there for though?

    To celebrate our partnership with the RaboDirect Rebels, we are excited to offer business customers a FREE iPad mini when they open a new business account with RaboDirect and have a balance of $25,000 or more.

  • fig on 19/06/2014 - 22:30
    +1

    Open this with $25k for the iPad, then open the Notice Saver Account (3.5% for 31 days notice seems like a good way to park your money / or even better 3.75% for 90 days).

    • busterau on 20/06/2014 - 10:05

      Sounds like a plan, presumably parking the money in these account types won't invalidate the eligibility for IPAD?

  • ChatCPT on 19/06/2014 - 22:31
    +3

    any advice for those of us who dont have a business and are just individuals who have 25k spare to cash this in?

  • dins on 19/06/2014 - 22:35
    +4

    Can someone pls lend me 25k?

    • muncan on 19/06/2014 - 22:41
      +5

      Pretty sure we can just bounce 25k between OzB accounts… hot potato, hot potato

      • scotty on 19/06/2014 - 22:50
        +2

        See the last point in Terms and Conditions. Please keep quiet in discussing your "strategies" :)

        • muncan on 19/06/2014 - 22:52
          +1

          Oh, right right right… shhh… wink wink! ;-)

    • alvian on 19/06/2014 - 22:51

      Sure thing. $25,000 coming your way at these bargain unsecured interest rates.

  • Do I NeedThis on 19/06/2014 - 22:43
    -2

    does this only applies to a business account or it is available for personal account ?

    • easternculture on 19/06/2014 - 22:45
      +2

      does anyone ever read titles these days :s

      Open Business High Interest Savings Account at RaboDirect with $25k Balance, Get Free iPad Mini

  • muncan on 19/06/2014 - 22:48

    Why aren't they give away Androids? Oh, right… :-P

  • ChatCPT on 19/06/2014 - 22:56
    +2

    OMG i just realised. This is for an iPad mini. NOT iPad mini RETINA.

    Not worth it. Pass

    • easternculture on 19/06/2014 - 22:58
      +7

      Not worth it. Pass

      its free so who cares. Point me to someone that is offering an iPad for free

      If you have an ABN + extra $25000 in a bank account, why not :)

      • ChatCPT on 19/06/2014 - 23:09
        +1

        Alright fine you win. just finished applying for ABN per your advice above.

        Let me sign up to this now. I just opened a personal account with them on the prev 5% cashback deal

      • chyawala on 19/06/2014 - 23:32

        EC,did I you tick all the boxes and link to another business transaction account?

        • easternculture on 19/06/2014 - 23:41
          +1

          The business has a bank account in its name with another financial institution

          im a sole trader so yes :)

        • chyawala on 20/06/2014 - 11:04
          -1

          EC, how did you go with providing an ASIC registered business name, as Ace26 commented above?

          "You are required to send quite a few documents back to rabobank to complete the account opening process.

          An extract from ASIC website showing details of the directors and their details etc (if the entity type is company)...."

          It will cost $33 to register a business name for a year.

        • easternculture on 20/06/2014 - 11:15
          +5

          Just called them

          For sole traders

          • you only need to send signed application form, ID certified and supplementary form saying you own 100% of your business

          • and ipad is ipad mini 16gb wifi (non retina)

        • ChatCPT on 19/06/2014 - 23:50
          +5

          nah its free. i just did it

        • Daabido on 20/06/2014 - 11:37
          +2

          Do some people live their lives by just making up facts?

    • pull the lever on 20/06/2014 - 01:08

      Well if you transfer the money on the 31st of December, Apple may have run out of iPad Mini inventory by then. You might end up getting the iPad Mini Retina so if Apple releases the iPad Mini Retina 2, at least you'll still be getting something of worth (hopefully)!

      • wtfnodeal on 20/06/2014 - 09:25
        +1

        Serious? I think Apple still has some iPad 1 or 2 out at the back. Their pricing strategy is to keep discontinued or obsolete stocks instead of clearing them out at discounted prices.

  • gsrt22 on 19/06/2014 - 23:29

    So do we need to wait 6 months (december) to get the ipad?

    • easternculture on 19/06/2014 - 23:53

      4 weeks from when you hit $25000 deposit

  • easternculture on 19/06/2014 - 23:58
    +1

    Somehow stumble on this one — can't find the page on RaboDirect's page but only available in that little popup.

    Found the direct link scotty !!

    http://www.rabodirect.com.au/rabodirect-melbourne-rebels/

    • muncan on 20/06/2014 - 00:03

      It sounded like scotty was sockpuppeting

  • PLANT on 20/06/2014 - 05:07

    Fees and charges?
    How much to move out or have money in for 4 week weight?

  • verio on 20/06/2014 - 06:18
    +2

    What about this RaboDirect? How reliable is that institution?

    If I deposit 25K, will it be insured by the goverment as a normal deposit?

  • mirovich on 20/06/2014 - 07:59

    Quick question, am I eligible if my abn is inactive?

  • Mely on 20/06/2014 - 08:33
    +4

    Wow, Australian business is booming!

    • muncan on 20/06/2014 - 08:34
      +4

      This stunt should push us back over parity with the US$

  • Sshanaz on 20/06/2014 - 08:50
    +6

    I spoke with their customer service team morning and she confirmed being a sole trade one can use personal account opened with another financial institution.

    Once you reach 25K balance, the IPAD will be sent within 2 weeks - I have only 6 months to save such a big pile of cash!

    • lplau on 20/06/2014 - 09:12
      -1

      Is it a ipad mini retina? lol.

  • Kaz0551 on 20/06/2014 - 09:34
    +3

    To open this account you need;

    Application Form
    Signed copy (JP) of Passport or Drivers License

    -Partnerships
    Certified copy of partnership agreement or extract
    Fullname and address of each partner

    -Corporations
    Cert of Incorporation or extract
    Fullname of Public Officer
    Fullname of Chairman, Secretary, Treasurer

    -Other Companies
    Cert of Business Name Rego
    ASIC Extract showing company, director, shareholder and members
    Certified copy of passport/DL of the director if not you

    If you have those handy - get your iPad!

    • kman1904 on 20/06/2014 - 11:53
      +1

      Would a sole trader fit under the partnership heading?

      • drillvoice on 20/06/2014 - 14:14
        +1

        I have rung them and confirmed that sole traders don't need to do partnerships, corporations, or other companies. If you submit signed copy of id and a UBO form you should be sorted.

  • ProggerPete on 20/06/2014 - 10:01
    +2

    Have to post in the application. Annoying but doable…

    Need certified copies of documents. You mean I have to actually queue up to see a JP? That level of tediousness means I'll probably not bother.

    • Kaz0551 on 20/06/2014 - 10:06

      $300 for a short queue!

    • easternculture on 20/06/2014 - 11:00

      I usually go to my local council and takes me 5 min max

    • Franconian on 20/06/2014 - 11:13
      +3

      In my experience a police station is the least hassle free way to get something certified.

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