RaboDirect High Interest Savings Account

RaboDirect Savings Account Review

• An intro rate of 6.01% interest rate, with interest calculated daily and paid monthly.
• No minimum deposit is required.
• No minimum balance is required to earn the 6.01% interest.
• Access to your RaboDirect online savings account 24 hours a day, seven days a week. Online account access includes a secure email service for communications with the customer service representatives.
• An account with Australia’s only AAA rated bank.
• Unrivalled security features with Digipass login.
• Ability to open up to five RaboDirect Savings Accounts for each of your savings goals

Saving can be hard work, as there is always something to buy right now, and it’s easy to forget about what you’re saving up to buy in the future. Even if you have set up a savings plan with the goal of creating an emergency fund in case you get sick or lose your job, it’s still easy to think ‚Äòthat won’t happen to me’.

However, once you’ve found the right high interest savings account for your saving needs (and spending habits) you don’t want to have to worry about losing your saved cash. The RaboDirect Savings Account is a high interest account from an Australian bank which prides itself on its safety, reliability and security. Therefore, you don’t have to worry about losing your savings to an unstable financial institution, or to hungry account fees because the RaboDirect Savings Account is fee free.

A RaboDirect Savings Account with Rabobank

Rabobank has a AAA credit rating, which places them higher than any other retail bank in Australia, and makes them the safest non-government owned bank in the world. Also, because the RaboDirect is an online savings account, Rabobank take their online security very seriously. Upon signing up for a Rabobank account, you will be given advice on checking the security certificate of the website before you log in, and once you are logged in, you are able to use a secure email system to contact the bank, rather than your ordinary email address.

Instead of using a typical password or PIN system, Rabobank uses a Digipass device for unrivalled secure access to your account:

A Digipass is a small, handheld device provided free of charge to all Rabobank customers to access their account.
The Digipass uses a two factor identification system asking for something you know (your customer number) and something you have (a one-time access code generated by your Digipass).
You use a PIN to access your Digipass, which then generates a unique access code which you then enter into the online login page, to access your account.

RaboDirect Savings Account for Personal Use

Rabobank touts their RaboDirect Savings Account as the ‚’Always high interest savings account’. What this means for you is that the current 6.01% interest rate you will earn on your savings is not a promotional rate, but an ongoing rate.

Get the Most Out of Your RaboDirect Savings Account

Rabobank allows you to link your high interest online savings account to your current everyday account, so there is no need to go into a branch and open a new account, you can start saving towards your goal and earning your 6.01% interest today. You can also easily set up a direct transfer from your everyday account to your RaboDirect Savings Account by logging in online. You can choose the frequency and the amount of the transfer so you can be sure your savings are growing, while you get on with life.

RaboDirect Savings Account for Business Use

If you are trying to successfully manage your money in business too, you may automatically opt for a term deposit, or investment in shares to make sure your hard earned entrepreneurial dollars keep working hard. At Rabobank you can enjoy the security and the flexibility of a RaboDirect high interest, online savings account and be rewarded for additional deposits, with a higher interest rate.

A High Interest Savings Account with Rabobank for your business requires no minimum balance, has no fees and unlimited, fee free transactions. To keep track of your business savings account you’ll also receive a free end of year tax report.

RaboDirect High Interest Savings Account Interest Rate

The interest rate on a RaboDirect Savings account is based on the standard variable rate of Rabobank. As the Reserve Bank of Australia is steadily raising interest rates, the rate on your RaboDirect Savings Account is likely to follow suit. Rabobank will inform you of any rate changes online, and on your statement.

Open an account now and start turning your savings into a steadily growing mass of interest, with Australia’s safest and most secure bank, and start your money working for you now, and every day into the future.

Read the official terms and conditions

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Top High Interest Savings Accounts

All of these accounts are FREE to open and require no minimum deposit. They all have easy internet banking access with no transaction fees.

Savings Account	Account Details	Maximum Variable Rate p.a.	Standard Variable Rate p.a.	Bonus Interest p.a.	Fees	Min Balance/Min Deposit
UBank USaver	High ongoing rate of 5.41% p.a. Deposit $200 monthly to receive a bonus 0.60% p.a, taking this up to 6.01% p.a. Open online.	6.01%	5.41%	0.60%	$0	$0 / $0
Virgin Saver Account	High introductory rate for 4 months to grow savings faster.	5.85%	4.65%	1.20%	$0	$0 / $0
ANZ Online Saver	No min balance and earn up to 6.00% p.a. until 30 June 2012. Online exclusive offer. Apply online by 29 February 2012.	6.00%	4.25%	1.75%	$0	$0 / $0