This was posted 11 months 17 days ago, and might be an out-dated deal.

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High Interest Savings Account - 5.15% p.a. Interest on Balance up to $250,000 for 4 Months (New Customers Only) @ Rabobank

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High Interest Savings Account - 5.15% p.a. Interest on Balance up to $250,000 for 4 Months (New Customers Only) @ Rabobank
Go to Deal
lawbee on 10/05/2023 - 17:17 rabobank.com.au (256 clicks)
Last edited 10/05/2023 - 17:17

Increased from 5.00%, sadly they only passed 0.15% onto it

EARN 5.15% P.A* variable rate on your first $250,000

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

  • GossipGoat on 10/05/2023 - 17:23
    -2

    Jesus christ I literally just opened an ING account on the weekend and theres already 4 banks that have higher rates. :(((

    • turtwanna on 10/05/2023 - 17:27
      +2

      I saw a post on here about ING getting 5.25% so I think you're still good. https://www.ozbargain.com.au/node/772806#comment-13710769

    • dudleydoright on 10/05/2023 - 18:16
      +3

      This is both lower than ING and one of those "teaser rate" deals that probably shouldn't be considered in the same category as ING's "hoop jumping" rate.

    • bobbieb on 10/05/2023 - 19:44
      +2

      This is a honeymoon rate… personally, four months of high interest isn't worth the hassle of becoming a new customer.

      ING's rate is permanent.

      • SuperLate on 11/05/2023 - 09:33
        -1

        ING's rate is permanent.

        These are just bonus variable rates and will be amended with RBA rate or otherwise at the discretion of that bank's board.

        • Yola on 11/05/2023 - 10:11

          I think bobbieb means the ING rate is ongoing, unlike this one which is introductory for 4 months. In this h/she is correct.

  • cashless on 10/05/2023 - 17:23
    +4

    4.6% in the Premium Saver account (ongoing rate) provided you increase balance by $200/month.

    Still waiting for you ubank

  • impoze on 10/05/2023 - 17:24
    +7

    Why is ubank taking so long to update?

    • chyawala on 10/05/2023 - 19:58

      If enough leave they will shape up their act. I'd say go get the better deal. Competition is healthy.

  • backupper1 on 10/05/2023 - 17:33
    +3

    Transactions are ridiculously slow: Transactions(outgoing) are not allowed after 5pm any day and never processed (incoming or outgoing) anytime on a Saturday, Sunday or a public holiday or after 5pm on a business day. Transaction processing complete time for any transaction is CoB. E.g. for a long weekend with Monday off, transaction done on Friday 5:01 pm wont be allowed(you will need to do it on Saturday, cannot schedule), same transaction done on Friday 4pm will be completed on Tuesday 5pm. Therefore be very careful if you need liquid cash because accessing it is very restricted.

    App is superbly bad(slow, lacks details or transaction notifications).

    • cbalcs on 10/05/2023 - 19:42
      +1

      Yes! And because I didn't transfer money with the word "verify" in the description I couldnt withdraw my money, despite close to 20k over a number of transactions. Had to wait 24 hours before I could withdraw then another 24 hours to transfer.

      • backupper1 on 11/05/2023 - 07:58

        Thats another slouchy thing about them.

  • Seinfeld everywhere on 10/05/2023 - 18:21
    +1

    The new interest rate applies to all customers if you're still in the first 4 month period and if you're opening your first account.

  • Bettyboo on 10/05/2023 - 19:10

    Is ING higher?

  • Stopback on 10/05/2023 - 19:58

    Would do the maquire one a bit lower

    But easier to bank with.

  • Chris T on 11/05/2023 - 14:11
    +1

    Rabobank often has a good introductory rate, but when the 4 month honeymoon is over the standard rate is always mediocre. Currently 4.00%

  • freemoneyhunter on 11/05/2023 - 17:08

    What is this, Rabo bank bonus rate 5.15% for 4 months lol, were is the $50 signup bonus? ING is 5.25%

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