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PremiumSaver Account 5.40% p.a. on Balance up to $250,000 (Grow Balance by $200/Month Required) @ Rabobank

530
PremiumSaver Account 5.40% p.a. on Balance up to $250,000 (Grow Balance by $200/Month Required) @ Rabobank
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woozie3 on 13/05/2026 - 13:37 rabobank.com.au (849 clicks)
Last edited 13/05/2026 - 16:47 by 1 other user

Latest ING Maximiser rate has surpassed Judo and now Rabobank is also a smidgen higher at 5.4%. Hopefully will hear from Judo soon (enquiry sent). New customers 5.9% p.a. on their High Interest Savings Account (balance up to $250,000 for 4 Months)- note the HISA is a different product.

Balance Bonus interest rate (% p.a.)
Up to $250,000 5.40%
$250,001 to $1,000,000 3.75%
Over $1,000,000 3.75%

PremiumSaver: Earn bonus interest when you grow your account balance by $200 or more before the last business day of each month (in addition to any interest paid into the account).

Update: Judo Email Response 13/5/2026:
"Thanks for your email.
Our rates can change at anytime and are updated on our website. We can't comment on the direction.
We haven't changed our savings rate since the RBA announcement as of today.
Rates can change depending on RBA changes and our lending requirements as a bank."

Financial Bank Account Savings Account

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Comments

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  • amorn on 13/05/2026 - 14:12

    judo is 5.35 atm

    • 2
    • onetwothreefour on 13/05/2026 - 20:10

      With no growth requirement.

      • 0
      • amorn on 14/05/2026 - 10:45

        0 conditions?

        • 0
        • onetwothreefour on 14/05/2026 - 11:58

          Deposit $300 per month but you can withdraw as much as you want as no growth condition.

          • 2
  • flightcrank on 13/05/2026 - 14:14

    noice

    • 0
  • mmd on 13/05/2026 - 14:15

    If I had $100,000 in the account and grow the balance by adding $200per month from an external source, can I withdraw the interest?

    • 0
    • huntabargain on 13/05/2026 - 14:31

      Earn the bonus interest rate when you grow your account balance by $200 or more by the end of the month (in addition to any interest paid into the account).
      I interpret it you can not.
      EDIT: Grow your balance
      Make sure your closing balance on the last business day of the month is at least $200 higher than it was at the start of the month. This is in addition to any interest paid

      • 2
    • woozie3 on 13/05/2026 - 14:32

      From their website: "The interest paid into your PremiumSaver is not considered a deposit for the purposes of calculating bonus interest eligibility. If you withdraw your interest during the month you will need to ensure you make deposits to cover the interest amount withdrawn (and any other amounts withdrawn) and at least an additional $200 ($2,000 for businesses) to be eligible for the bonus rate by the last business day."

      • 3
    • Marty8 on 13/05/2026 - 21:37

      Anything 'grow your balance' restricts you from withdrawing interest, or if you do and dont add back equivalent you miss next months interest. If anyone knows a work-around this let me know.

      • 0
      • chrisharry53 on 14/05/2026 - 09:25

        No work around except ING and as stated already for Rabobank you must grow the balance by last business day of the month and NOT on a weekend or public holiday.

        With ING you can nominate the maximiser account to get bonus interest in the following month. If you have two then you can move money from one to the other before the end of the month.

        • 0
  • shibu-thomas on 13/05/2026 - 14:46

    Are we not taxed on the interest earned from the bank?

    • -3
    • huntabargain on 13/05/2026 - 15:09

      yes taxed on interests from bank and now also CGT on properties/shares/investment, etc and no negative gearing, thanks for the inter-generational benefit.

      • 0
      • JinXR on 13/05/2026 - 15:11

        HISA always had the full CGT - there was never a discount for people earning over 18k. It's always added to your total yearly wage.

        • 7
        • huntabargain on 13/05/2026 - 15:13

          What about All the additional taxes the Government announced last night? CGT on properties/shares/investment, etc and no negative gearing.

          • -3
          • JinXR on 13/05/2026 - 15:14

            @huntabargain: My comment is specific to the original posters comment about bank interest, not talking about all properties/shares/investments. Negative gearing is irrelevant. This product is in relation to bank interest.

            • 9
            • huntabargain on 13/05/2026 - 15:17

              @JinXR:

              yes taxed on interests from bank

              I already answered his question and more

              • 0
      • chrisharry53 on 14/05/2026 - 09:27

        Negative gearing still on new builds and change not retrospective though,

        • 0
        • huntabargain on 14/05/2026 - 09:41

          Not for long, history will repeat itself when this was done last time and rent skyrocketed and they reversed it couple of years later.

          • 0
          • chrisharry53 on 14/05/2026 - 09:44

            @huntabargain: But was negative gearing ceased entirely then for existing ng properties rather than grandfathered?

            • 0
            • huntabargain on 14/05/2026 - 09:52

              @chrisharry53: CGT on ALL properties + shares + investments + family trusts, etc so they can pay the gangs who fraud the NDIS in billions

              • 1
              • chrisharry53 on 14/05/2026 - 11:06

                @huntabargain: Thanks. Aware of CGT, was asking about negative gearing change by Labor all those years ago

                • 0
  • JinXR on 13/05/2026 - 15:08

    Too many hoops to jump through, Macquarie Bank (at 5.10%) has no hoops.

    1 missed month and that brings your yearly interest down to below 5.

    • 0
    • huntabargain on 13/05/2026 - 15:22

      Too many hoops? you mean 1 hoop of deposit $200 every month? Macquarie is good but you get 4.75% (will become 5% shortly) << 5.4%

      • 4
      • JinXR on 13/05/2026 - 15:41

        • Your closing balance on the last business day must be at least $200 higher than it was at the start of the month, and that $200 growth cannot include the interest the bank paid you. This is different to other bank rules on HISA. If you aren't careful, you might get stung working this one out.

        • If you withdraw any money, you must deposit enough to cover the withdrawal amount plus the $200 growth to remain eligible for the bonus rate.

        • The interest paid into your account by Rabobank does not count toward your $200 growth requirement; you must contribute that amount yourself.

        • The month technically ends on the last business day. If the month ends on a Sunday, the snapshot of your balance is taken on Friday.

        • A public holiday at the end of the month pulls the deadline even earlier to the preceding business day, effectively shortening your window to save.

        • Funds must be cleared and sitting in the account by 6:00 pm AEST/AEDT on that final business day.

        • Rabobank does not support Osko, transfers can take 1–3 business days to clear, meaning a Friday deadline often requires you to send your money by Wednesday.

        • If you fail to meet the growth criteria by even a single dollar, your entire balance earns a crappy 0.60% p.a. for that month.

        • You can generally only move money out to your one nominated "linked" account, which prevents you from paying bills or transferring to friends directly from the saver.

        If you miss only 1 months worth of interest due to a silly hoop - you are essentially getting less than 5% for the year.

        • 8
        • huntabargain on 13/05/2026 - 15:46

          I think these kind of account for spare / disposable $$ to generate some income, So transfer $200 at beginning of each month and forget about it will be all you need to do. I guess if you start withdrawing then you better of with one like Macquarie.

          • 0
        • danger0u5 on 13/05/2026 - 15:49

          All of those bullet points add up to: Deposit $200 every month. Not that complicated.

          • 8
          • JinXR on 13/05/2026 - 16:02

            @danger0u5: If you have money going in and out constantly, it's a little harder to keep track of.

            • 0
            • runamuck on 13/05/2026 - 16:11

              @JinXR: It's a savings account not an everyday account.

              • 0
              • JinXR on 13/05/2026 - 16:16

                @runamuck: Yes in the real world you pull money back and forward from the 'card account' to your 'savings account' vise versa.

                • -1
          • spaceflight on 14/05/2026 - 11:00

            @danger0u5:

            All of those bullet points add up to: Deposit $200 every month. Not that complicated.

            So I can withdraw money without being penalised?

            • 0
      • Onemoredeal on 13/05/2026 - 18:38

        It’s not “deposit” it’s “grow” making this a never ending term deposit , not a savings account

        • 0
  • jayk87 on 13/05/2026 - 15:19

    Is this a Chalbanese approved savings account?

    • 0
    • huntabargain on 13/05/2026 - 15:24

      Doubt it, they stash their money into buying properties, Albo just paid 4mil house in central coast, before he abolished -ve gearing.

      • 2
      • chrisharry53 on 14/05/2026 - 09:35

        He bought that house last year or earlier and nothing to do with negative gearing as far as I know. Do you have access to his tax records?

        • 0
        • huntabargain on 14/05/2026 - 09:40

          He is renting the house for $1450/wk, it is all declared on public record and renting the other one in inner west after evicting his tenant (claiming his circumstances has changed) and staying in the lodge for free.

          • 1
          • chrisharry53 on 14/05/2026 - 09:42

            @huntabargain: Is every rental property negatively geared? I thought some aren’t as depends on income and outgoings?

            • 0
            • huntabargain on 14/05/2026 - 09:46

              @chrisharry53: His salary $650k + all freebies, what do you think?

              • 0
              • chrisharry53 on 14/05/2026 - 11:09

                @huntabargain: That didn’t answer my general question about NG and was just a political shot.

                I will research it myself as I know if I inherit a debt free house and lease it I could not have benefited from NG if leased at market value and outgoings low as no mortgage.

                • 0
                • huntabargain on 14/05/2026 - 11:21

                  @chrisharry53: you declare rental amounts as income and claim your expenses ie agent fee, council rate, water fee, repairs, interest on loan if any, etc as expenses, and add Net (loss / gain) to your salary.

                  • 0
                  • chrisharry53 on 14/05/2026 - 11:30

                    @huntabargain: Exactly and my point is how do you know if Albo makes a loss or gain on one or both properties? Obviously if he borrowed most of the $4m for Copacabana and only gets $1450 rent he is making a loss as repayments would be over $20000 a month.

                    • -1
                    • huntabargain on 14/05/2026 - 11:37

                      @chrisharry53: He was asked and said I do negative gear. That is not the point, he exploded at reporter when was asked are you planning to change CGT and negative gear and he said I answered this question 50 TIMES and said a big NO, that was only a few weeks/months ago.

                      • 2
                      • chrisharry53 on 14/05/2026 - 11:46

                        @huntabargain: Ok. Things change and a great move in my opinion to leave it as is for properties currently under NG and shift it to new builds only from Tuesday night.

                        I wish Shorten got in in 2019 and canned franking credits too.

                        • -2
                        • huntabargain on 14/05/2026 - 12:05

                          @chrisharry53: It was all done for the younger generation sake, but in reality these youngsters can no longer negative gear existing homes and will be slug with min 30% Tax on their profit of shares, investments, etc while they try and save to buy a house. and renter market will skyrocket high just look at recent NZ experiment and earlier Aust experiment.
                          EDIT https://www.facebook.com/reel/1017874084236904

                          • 3
                          • chrisharry53 on 14/05/2026 - 12:14

                            @huntabargain: The 50% CGT deduction was introduced to encourage share holdings, as you would know. But it mainly encouraged property investment. If Labor left it on shares etc then it wouldn’t encourage the investment in new build to increase housing supply.

                            Anyway, it is what it is once legislated with or without amendments in the Senate. I note the Independents agree with the changes although they may want exemptions for start ups which is a good idea.

                            And Senator Tammy Tyrrell has just joined Labor.

                            • -1
  • Onemoredeal on 13/05/2026 - 15:21

    $250k wouldn’t even pay the deposit on a garage in Sydney

    • 2
    • timhn on 13/05/2026 - 17:59

      Don't buy a garage, just get a camping tent.

      • 1
    • Ade99 on 14/05/2026 - 09:28

      Is that a new build garage or an existing one…asking for a friend 🤔

      • 4
  • Aerith-Waifu on 13/05/2026 - 15:26

    $200 once per month deposit is good for 5.9%

    • 0
    • woozie3 on 13/05/2026 - 16:32

      Just in case there's confusion, the 5.9% is for their High Interest Savings Account, which new customers can apply for and there's no requirement to grow your balance by $200/month. After 4 months when the introductory rate ends, you may want to get their 5.4% PremiumSaver account and it's this one that does have the $200/month requirement.

      • 4
      • gadgetguy on 13/05/2026 - 18:07

        Interested in this. Can't find any mention of daily transfer limits or Osko/PayID on their site. Any info?

        • 0
        • woozie3 on 13/05/2026 - 18:23

          You need to link an external bank account to it. Money can only move into and out of this linked account. Limit is $300k.

          • 0
          • gadgetguy on 13/05/2026 - 18:28

            @woozie3: Thanks for the info.

            • 0
          • s0805 on 14/05/2026 - 19:09

            @woozie3: Is there another post for this OR can you share the link pls. Also, Rabo comes with 250k govt. guarantee?

            • 0
              • s0805 on 14/05/2026 - 19:51

                @gadgetguy: Thanks. What is the catch here, it sounds too good.

                • 0
                • woozie3 on 14/05/2026 - 23:59

                  @s0805: The high rate is not unusual for new accounts. eg. Ubank is offering 5.85% for 4 months. The biggest negative noted with Rabobank is their slow transaction speeds. No Osko so you have to be careful not to transact on weekends/public holidays.

                  • 1
                  • s0805 on 15/05/2026 - 10:56

                    @woozie3: Thanks for that. We don't have need to move money everyday so getting the max rate is the goal. For Robo HISA, i read your comments from other forum. How does it work with linking another account to eventually get out. Does linked have be another Robo or any external acct will do? Does acct need to be in same name? Which acct it deposits the interest (robo itself OR external). We are leaning to split our money between Robo and Judo HISA new customer deals at this stage. Thanks

                    • 0
                    • woozie3 on 15/05/2026 - 12:17

                      @s0805: It has to be another bank account (https://www.rabobank.com.au/support/faqs/linked-account). Yes, same name. The interest goes into your HISA account.

                      • 1
                      • s0805 on 15/05/2026 - 12:38

                        @woozie3: Thanks so much. How long it takes for you to create acct online with Rabo? I am also hoping Judo comes up with good rates for new customers.

                        • 0
                        • woozie3 on 15/05/2026 - 14:50

                          @s0805: It wasn't the same day for me as there was an issue verifying my ID online. After I emailed my documents, it looks like it was processed the next day and my account was set up.

                          • 0
                          • s0805 on 16/05/2026 - 13:37

                            @woozie3: Thanks

                            • 0
                          • s0805 on 17/05/2026 - 11:55

                            @woozie3: quick question, I have 500k to park. For Rabo direct, can we have 2 separate HISA accounts under same name and both attracting 5.90% introductory rate? Or is 5.90% limited to per person/per account?

                            • 0
                            • woozie3 on 17/05/2026 - 13:20

                              @s0805: "No. Customers can only open one HISA account. If you have a more funds to invest and would like to maximise your interest we have a range of savings products that may meet your needs. More information about these products can be found on our website."

                              • 1
                              • s0805 on 17/05/2026 - 14:19

                                @woozie3: Sorry. which website, at this moment due to the amount we are leaning towards ING Savings Accelerator acct earning 5.85% for 4 months and after that may come consider Up bank given they have max balance of 1 mil….Rabo bank is good with 5.9% but then we are stuck with lower max amount.

                                • 0
                                • woozie3 on 17/05/2026 - 14:48

                                  @s0805: That was a copy and paste from Rabobank. Their next best account after HISA is 5.4% PremiumSaver, so if you are a new customer of any of the other banks, you should definitely make use of their intro offers (ING is good). Chrisharry53 has linked to a useful spreadsheet below (https://www.ozbargain.com.au/comment/17575451/redir)- not sure about Up Bank's current offer. I think some people prefer to only save $250k with any one institution anyway, as that's the maximum amount guaranteed by the government in case of a failure.

                                  • 0
                                  • s0805 on 17/05/2026 - 14:53

                                    @woozie3: thanks. i did see that spreadsheet, making most of current intro rates is the plan for now. ING into is 5.85% but for the max balance of 500k.

                                    • 0
                          • darkyjaz95 on 17/05/2026 - 12:47

                            @woozie3: Is it easy to do a large sum transfer to Rabobank? I saw their daily limit is 300k and I'm well below that so I guess should be okay? I'm thinking about transferring my savings to Rabobank for 4 months and then switch back to Macquarie.

                            • 0
      • Aerith-Waifu on 14/05/2026 - 08:49

        Can you withdraw money anytime?

        • 0
        • chrisharry53 on 14/05/2026 - 09:37

          You can to your nominated account. For me on a business day it hits the nominated account a few hours later if done early enough. Don’t leave a transfer until later in the afternoon.

          • 0
  • offside on 13/05/2026 - 16:46

    I was with rabo for a while, definitely not worth after the bonus period, bank sucks in every other way.

    • 1
    • chrisharry53 on 14/05/2026 - 09:40

      I switch to the account this post is about after the 4 months

      • 0
  • 69dollars on 13/05/2026 - 17:00

    Still have a few months left with them with my HISA. 5.9% is juicy yay.

    • 1
    • tunzafun001 on 13/05/2026 - 22:21

      Mine finishes this week… On to Ubank or Bankwest I guess..

      • 0
  • chrisharry53 on 14/05/2026 - 09:40

    I am sure most people know about this spreadsheet showing rates https://docs.google.com/spreadsheets/u/0/d/145iM6uuFS9m-Rul6…

    • 3
  • ashwinks on 15/05/2026 - 21:48

    How long did it take to get the account number and bsb for the HISA? Should we wait until we get this to transfer the money into HISA? I've only got the customer number

    • 0
    • woozie3 on 15/05/2026 - 22:55

      I think the customer number is all you need to start logging into your account and see your BSB/Acc details. Instructions for logging in were underneath my customer number in that email.

      • 1
      • darkyjaz95 on 17/05/2026 - 13:40

        Did you have to email certified copies of your ids?

        • 0
        • woozie3 on 17/05/2026 - 13:57

          Not certified. Their team sent another email the next day only asking for a copy of my drivers licence and passport. I sent photos.

          • 0
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