This was posted 1 year 2 months 14 days ago, and might be an out-dated deal.

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High Interest Savings Account - 4.75% p.a. Interest on Balance up to $250,000 for 4 Months (New Customers Only) @ Rabobank

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High Interest Savings Account - 4.75% p.a. Interest on Balance up to $250,000 for 4 Months (New Customers Only) @ Rabobank
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LCusacka on 15/02/2023 - 20:24 rabobank.com.au (691 clicks)
Last edited 15/02/2023 - 22:06 by 1 other user

EARN 4.75% P.A*
variable rate on your first $250,000

Bonus introductory variable rate for the first 4 months (up to $250,000)

Standard variable rate 3.50%

*(if applicable), commences on the day your BSB & Account number are issued.
Ongoing high interest rate to keep your savings growing & you reaching your goals faster
No need to change your everyday banking
Three tiers of interest based on your balance
Supporting Aussie farmers with every dollar you save

*Current 4 month introductory variable rate for new personal customers on deposits up to $250,000, commences on the day your BSB & Account number are issued not from when the account is funded. Rate subject to change. Not available where you have closed a Rabobank Online Savings account within the previous 3 years.

Financial Bank Account Savings Account

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Rabobank
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closed Comments

    • cashless on 15/02/2023 - 21:22
      +6

      Sounds like you need a new Dad joke book next Xmas

      • jv on 15/02/2023 - 21:33
        -1

        Any recommendations?

        • HolyCr4p on 15/02/2023 - 21:34
          +1

          Google it

    • HolyCr4p on 15/02/2023 - 21:35

      Have you been vaccinated with rabies, if not better do it before it is too late

      • AircraftFreight on 15/02/2023 - 21:59

        JV has not been vaccinated according to the Australian Pet Health Records.

        He is a threat to all of society, we must take action!

    • plmko on 15/02/2023 - 23:56

      Shut up

  • Celebie on 15/02/2023 - 20:31

    Never heard of this bank before. At 4.75% they are the highest honeymoon account in Australia.

    • Pineapples on 15/02/2023 - 21:14
      +7

      Rabo are a very established bank

      • jv on 15/02/2023 - 21:33
        -7

        That most people in Australia have never heard of.

        • HolyCr4p on 15/02/2023 - 21:42

          Is there a polling for this one ? If not pls make one

    • Kanjus on 15/02/2023 - 21:15
      +4

      Well known bank in Holland and Europe

    • INFIDEL on 15/02/2023 - 22:24
      +3

      Never heard of this bank before.

      Rabobank Deals have been posted here since 2007! Was 6.60% then

      • plmko on 15/02/2023 - 23:57
        +2

        And what happened the following year….

        Funny how homes were actually affordable then. Who would have known normal interest rates are a good thing.

    • Capitalshark on 15/02/2023 - 22:36
      +4

      They focus primarily on Agribusiness and not retail banking and are one of the largest banks in the world

    • INFIDEL on 15/02/2023 - 21:32
      +8

      Invalid Neg by Voting Guidelines.
      As Mods often state… use REPORT, not Neg, to correct Deal.
      (OP's first Deal)
      Now UPDATED.

  • Iluvfreebies-freeDel on 15/02/2023 - 21:14
    +1

    Will there be another interest rate hike next month?

  • milesandbos on 15/02/2023 - 21:36

    You think any of the other banks will follow?

    • cumova on 15/02/2023 - 21:55
      -1

      Already have..

  • FujiFruit on 15/02/2023 - 22:17
    +2

    Hopefully virgin, amp follows

  • Nedkellyinthebush on 15/02/2023 - 23:25
    +3

    For those who are already with them: How’s the internet banking app and customer service?

    • Ezekiel2320 on 16/02/2023 - 20:07

      App is very basic but it's not a transaction account so it's not like the app really has to do anything.

      The customer service is excellent. When I joined, a real human being contacted me to set up my account. They are very interested in their customers. Wildly different from any other aussie bank I've been with

  • payless69 on 16/02/2023 - 07:53

    Back to become "New Holland" again?

  • corno on 16/02/2023 - 13:43
    +1

    How’s the internet banking app and customer service?

    The Banking app is much improved these days (had an acct 3+ years ago.)
    This time round the app is much better imo.

    They still use what is called a digipass….once setup all you need is 5 digit PIN for the app.

    From my experience their customer service is excellent.

    • dusty4 on 16/02/2023 - 14:21
      +1

      Thanks for that @corno
      I might give them a go.
      Up until this morning, I've been with CBA forever. Yeah, I know. Crazy.
      I have always been aware that you get a lot less from CBA compared to their ever expanding competition, but still they remain uncompetitive and appear to not give a damn.
      Historically, CBA provided great physical presence throughout Australia. NO MORE, and still reducing Branches.
      Historically, CBA provided excellent customer service. These days, ONE HOUR+ average wait time for phone assistance.
      This morning I was told by CBA CS person, " I know (my name), it's terrible. Very low on staff and recruiting has been very difficult. And yes, I realise that our Savings interest rates are well below our competitors. And YES, you will need to call us every 3 months to ensure you receive our best rate, or revert to our current standard rate of 1.6%."
      Yep, it's time.

      • wormarts on 17/02/2023 - 09:18
        -1

        If you needed a CBA employee to tell you that to convince you to move…

        Even though you always knew they were not competitive?

        You’re making it sound like you’re ending a relationship lol

        Just move and save money. Just like changing ISPs or gas providers. Take the emotion out of it. That’s what CBA still counts on. That’s the lazy tax, mate

        Also, just so you know, everywhere is moving to less physical branches. The word is digital now. Physical branches make less and less sense. So hopefully you’re moving for more than that reason alone

        • dusty4 on 18/02/2023 - 13:39

          I haven't had the need to visit a 'physical branch' for almost 10 years! However, there are people that still genuinely rely on them.
          ISP's, Gas, Electricity, Telco's etc, are not the same as the relationship people have with their Bank. Often, and not only with Banks, loyalty does pay, and it can save a lot of personal stress and hassle.
          Thanks, you just made me realise that I personally don't really need to change, and I'm certainly not desperate enough to chase a few measly percentage points in interest rates. Rather keep my sanity, than forever 'jumping through hoops'.

          • ssfps on 23/02/2023 - 00:34
            +1

            @dusty4: I've needed to visit a branch 3 times in the last 10 years. Not very often, but when you need it it's a huge time & effort saver.

    • VaTo on 27/03/2023 - 10:35

      Hi
      Could you please confirm if the digipass is required every time I log in into the mobile app or only during its setup?
      Thanks

  • Mad Max on 16/02/2023 - 22:36
    +2

    Rabo was really good many years ago.
    Now they are crap.
    Interest is only good for 4 months. After that no good.

    • dusty4 on 18/02/2023 - 13:24

      Yeah, just realised that myself. Thanks.

  • rentonc on 19/02/2023 - 17:26
    +1

    How much of a pita is it to bounce around between all these different honeymoon deals? Is it worth the effort?

    • bob19 on 21/02/2023 - 05:20

      Yes

    • Cusacka on 23/02/2023 - 12:52

      very easy to create a new account. Sometimes it can take a while to transfer balances though if you can only do a bit each day.

    • dusty4 on 24/02/2023 - 12:03

      All considered, probably 'nope'.

  • fredblogs on 28/02/2023 - 21:01

    Do they still have that ridiculous physical 2FA that you have to carry around?

    • nomekop on 01/03/2023 - 17:19

      yes

  • Cusacka on 04/03/2023 - 21:17
    +2

    So I went ahead and opened this account and I can say I don't recommend it. Firstly they issue your bsb and account number before posting you this stupid digital number generator that you need for internet banking. So your 4 months start but you cant actually use the account for a couple of weeks. Mine arrived and the date or birth was set wrong so i couldn't activate it straight away. After that, I accessed the account and the interest rate is showing 3.5%, so now i have to chase them again to get it fixed. It's taken such a long time to get it all sorted that the RBA rate will probably rise again and there will be a better rate elsewhere. I also really dont like this digital number generator, it means i can only access internet banking at home and if i misplace it im stuffed - the regular SMS code other banks use is much better. So yeah - good rate but a bit of stuffing around.

    • Mad Max on 04/03/2023 - 23:42

      Rabo has become the worst bank to deal with.
      A pity because it used to be really good.
      Now it feels like they could not care less about customers.
      Wait until they start to ask you for a huge amount of unnecessary documentation. And they want it certified, scanned and sent to them via email…talk about security…
      Not worth the effort!

      • ssfps on 05/03/2023 - 00:58

        Aren't all the neobanks & small banks pretty bad to deal with? And the big banks are following not too far behind? Is Rabo really that much worse than ANZ+, ING, etc.

    • Litew8baby on 08/03/2023 - 15:42

      How did you go getting them to update the rate to 4.75%? All sorted now?

      I finally received my digipass and logged in for the first time only to see that my rate is the same as what you saw (3.5%). I'm about to jump on the phone to them

      Edit: I just got off the phone and the consultant advised that I will definitely be on the max rate which is also quoted in my account (not sure about yours). It was just confusing to me because it showed two rates, one said 'Rate: 3.5%' and the other 'Max Rate: 4.75%', both with asterisk.

      It doesn't actually say what you're on so I assumed the first rate shown (3.5%) is what I was on. Poor online account info layout IMO. If another, better rate comes up at another more reputable bank, I will likely shift my money straight away and close the account so I don't have to deal with them and this silly digipass thing

      • VaTo on 27/03/2023 - 10:35

        Hi
        Could you please confirm if the digipass is required every time I log in into the mobile app or only during its setup?
        Thanks

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