12 days of EOFY offers: Earn up to 5.75% p.a. on your savings with Rabobank
Kickstart your savings goals with Rabobank's high-interest savings account.
Sponsored by Rabobank. Grow your savings with Rabobank, with a 4-month 5.75% p.a. intro rate for new customers up to $250,000. To find out more about how you can get this rate and the terms and conditions, visit the Rabobank website.
The 12 Days of End of Financial Year Offers are here at Finder! Today, we've got a great offer from Rabobank – as well as some tips on things to consider when you're looking for a savings account.
Explore all of our EOFY offers today
3 features to get the best out of your savings account
If you're looking to get more out of your savings, it's essential to use the right account.
👋 Hey there! We've partnered with Rabobank for this article, so we'll be using some examples of its savings account throughout. However, all the information provided is of a general nature and doesn't take into account your objectives, financial situation or needs. You should always do your own research and read the terms and conditions to see if a product suits your needs. You may also wish to seek professional advice regarding decisions affecting your financial situation.
1. Introductory rate vs ongoing rate
There are lots of attractive interest rates out there on the market. But when you're shopping around for a long-term savings account, you need to look more closely at the fine print.
How long does the introductory rate last for? And what does it drop down to after it finishes?
If it suddenly dips to 1 or 2%, you're barely saving!
By contrast, let's take a squiz at Rabobank's High Interest Savings Account. This account offers a rate of 5.75% p.a. for the first four months, for new customers, on balances of up to $250,000.
After this introductory period, the ongoing rate is 4.40% p.a., which still offers considerable savings potential for account holders.
2. Low (or no) fees
With some bank accounts, fees can really chip away at your overall savings.
The good news is that there are savings accounts out there that don't charge account keeping fees, like Rabobank's High Interest Savings Account.
So looking for an account with low (or no) fees can be helpful for hitting your savings goals in the long run.
💸EOFY offer! Earn 5.75% p.a. interest with Rabobank💸
Sign up as a new customer with Rabobank and you can earn up to 5.75% p.a. interest on a balance up to $250,000 for the first four months! T&Cs apply – visit the Rabobank website to find out more.
3. Easy online access
In 2024, there's no reason that you shouldn't be able to have easy access to your finances at all times. So when you sign up for an account, make sure you look for a provider that offers internet support and preferably app-based access to your account.
Rabobank is one provider that offers app support as part of signing up for an account.
Start saving today with Rabobank
Information provided is of a general nature and does not take into account your objectives, financial situation or needs. Consider these factors along with the relevant terms and conditions, and seek professional advice before making any financial or tax decisions.
Rabobank Australia Limited ABN 50 001 621 129 AFSL 234 700 is the issuer of Rabobank Online Savings (these terms and conditions, product disclosure statement and target market determination are available at www.rabobank.com.au, at Rabobank branches, or by calling 1300 30 30 33.)
Image: Supplied: Rabobank
