Rabobank PremiumSaver

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Rabobank PremiumSaver
9.5
Finder Score
Excellent

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Maximum variable rate
5.10% p.a.
Base interest rate
1.00% p.a.
Minimum deposit
$200

Our verdict

Save a modest amount each month and you can stay on track to earn a higher interest rate.

This account offers a decent interest rate with no minimum balance. You just need to save at least $200 a month. Plus, you'll pay no account keeping fees, meaning every dollar you save gets you closer to achieving your savings goal.

Pros

  • High ongoing bonus rate of 5.10% p.a.
  • $0 Account keeping fees
  • Bonus rate available on balances up to $250,000
  • You can make withdrawals throughout the month

Cons

  • Must grow balance by $200 each month in order to earn bonus interest

In this guide

  • Our verdict
  • Details
    • Key details
  • Key features
  • How to apply
  • Compare other savings accounts
  • Your reviews
  • Ask a question

Details

Key details

Product Name Rabobank PremiumSaver
Maximum Variable Rate 5.10% p.a.
Standard Variable Rate 1.00% p.a.
Monthly Account Fee $0
Minimum Opening Deposit $0
Minimum Age 18

Key features

$0 monthly account keeping fees

With the PremiumSaver you are not charged any monthly fees for maintaining the account.

Earn up to 5.1% interest on your balance

You can earn a competitive maximum variable rate of 5.1% on your balance each month you deposit at least $200. If you don't meet the deposit requirement, you'll earn the standard variable interest rate of 1%.

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Congratulations, Rabobank !

The Rabobank PremiumSaver was highly commended for Best Savings Account in the 2025 Finder Awards.

Full list of 2025 winners

How to apply

Eligibility

If the features of the Rabobank PremiumSaver provide you with what you need to meet your savings goals, click "Go to Site" and be redirected to the secure application page. Check first to make sure that you are able to meet the eligibility requirements for this account:

  • Minimum age. Applicants for this account must be at least 18 years of age.
  • Residency requirements. Only Australian residents and citizens can apply for the PremiumSaver.

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Standard Variable Rate p.a.
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ING Savings Maximiser
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Standard Variable Rate p.a.
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Monthly Max Rate Conditions
  • Grow balance by $200 each month (excl. interest)
  • Only 1 withdrawal
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Get a solid interest rate on your entire balance, with minimal conditions in order to get the max rate. This account doesn’t offer card access but you can make 1 withdrawal per month & grow your net balance by $200 (excl. interest) to earn the max rate.
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ING Savings Accelerator ($150,000 - $500,000)
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Finder score
8.5 Great
Maximum Variable Rate p.a.
5.15%
Standard Variable Rate p.a.
4.45%
Intro/Ongoing
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Government Guarantee
Monthly Max Rate Conditions
  • Welcome rate applies up to $500K
Ideal for higher balances, savers can earn up to 5.15% for the first 4 months and up to 4.45% thereafter. There are no conditions and $0 account-keeping fees.
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St.George Incentive Saver
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Finder score
9.1 Excellent
Maximum Variable Rate p.a.
5.00%
Standard Variable Rate p.a.
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Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow balance $50 ($0.01 if under 21)
  • Balance up to $249,999.99
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Macquarie Savings Account
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Finder score
8.8 Great
Maximum Variable Rate p.a.
5.10%
Standard Variable Rate p.a.
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Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Balances up to $250,000
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Bank of Queensland Simple Saver Account
BOQ logo
Finder score
8.5 Great
Maximum Variable Rate p.a.
4.55%
Standard Variable Rate p.a.
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Intro/Ongoing
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Government Guarantee
Monthly Max Rate Conditions
  • Balances up to $5,000,000
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Newcastle Permanent Smart Saver Account
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Finder score
7.7 Great
Maximum Variable Rate p.a.
4.25%
Standard Variable Rate p.a.
0.05%
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Ongoing
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Monthly Max Rate Conditions
  • Grow balance
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Westpac Life (18-29 year olds only)
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Finder score
8.9 Great
Maximum Variable Rate p.a.
5.00%
Standard Variable Rate p.a.
1.60%
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Monthly Max Rate Conditions
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Bank of Queensland Future Saver Account - 14 to 35 years
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Finder score
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Maximum Variable Rate p.a.
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Standard Variable Rate p.a.
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Monthly Max Rate Conditions
  • Deposit $1,000
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BCU Bonus Saver
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Finder score
2.2 Basic
Maximum Variable Rate p.a.
4.75%
Standard Variable Rate p.a.
0.25%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • N/A
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IMB Reward Saver Kick Start
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Finder score
9.3 Excellent
Maximum Variable Rate p.a.
5.00%
Standard Variable Rate p.a.
0.00%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $20+ each month
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How the Finder Score helps you find a better savings account

The Finder Score is a simple score out of 10. The higher a savings account's score, the better we think it is for the average customer.

We score each savings account in our database of hundreds based on a data-driven methodology with 2 main criteria: Does the account offer a high interest rate? And is it easy for savers to actually earn that rate?

Read the full Finder Score breakdown

Sources
  1. Rabobank PremiumSaver information page
  2. Rabobank PremiumSaver TMD

Your reviews

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Ask a question

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Alison Finder

Editorial Manager, Money

Hi there, looking for more information? Ask us a question.

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Jen

January 19, 2025

What is the daily withdrawal limit for the premium saver account?


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Sarah Megginson Finder

January 20, 2025

Hi Jen,


According to the bank’s T&Cs, Rabobank Australia customers can withdraw up to the amount they have in their account, less any pending withdrawals, up to a daily transfer limit of $300,000.


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David

November 04, 2024

Can the Rabobank Premium Saver Account be opened in a physical branch or SOLELY an online account only?


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Angus Kidman Finder

November 04, 2024

Hi David, The Premium Saver account is an online product – branch staff can potentially assist you to do this in branch, but you’d need to check with Rabobank itself to be sure.


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Ed

June 27, 2023

Can Rabobank’s Premium Saver Account be held jointly?


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Alison Banney Finder

July 06, 2023

Hi, yes it can.


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Les

March 06, 2023

Does Rabo bank have its own banking licence in Australia or does it use another banks licence


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Alison Banney Finder

March 07, 2023

Hi Les,

Rabobank has its own banking license in Australia.

Thanks,

Alison


Avatar

Alison Banney

Editorial Manager, Money

Alison is an editor at Finder and a personal finance journalist with over 10 years of experience, having contributed to major financial institutions and publications such as Westpac, Money Magazine, and Yahoo Finance. She is frequently quoted in media outlets like SmartCompany and SBS, offering expert insights on superannuation and money management. Alison holds a Bachelor of Communications in Public Relations and Journalism from the University of Newcastle, and has earned three ASIC RG146 certifications in superannuation, securities and managed investments and general financial advice, ensuring her expertise is fully aligned with ASIC standards. See full profile

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