You can have one NoticeSaver account under each different account type you hold with Rabobank Online Savings. For example, if you have an individual account, a joint account, and an existing business account, you are able to open three separate NoticeSaver accounts.

Once the term deposit is set up, the details such as the amount, term and interest rate are locked in. You can always open additional term deposits with any balance of $1,000 or more.

You can do a one off transfer into your PremiumSaver from your Nominated Account.

1. Log into Rabobank Online Savings.
2. Click ‘Transfer money’ then select ‘Move money’.
3. Select the ‘From’ (Nominated Account) and ‘To’ (PremiumSaver) accounts.
4. Select ‘Once only’.
5. Enter the amount and date.
6. Confirm the transfer.

Rabobank has decided to no longer accept any new applications for business or trusts accounts through Rabobank Online Savings. Existing business customers will still be able to continue to bank with us as normal.

Before you can close your NoticeSaver account you will need to withdraw all the funds.

To make a withdrawal:

1. Click 'Transfer money'
2. Select your NoticeSaver in the 'From account' field
3. Choose where you would like the funds paid to
4. Enter the amount
5. Click continue
6. Confirm the transfer with your Digipass

Once the 60 days’ notice period has ended and the funds have been withdrawn, you can call us on 0800 22 44 33 or send a secure message instructing us to close the account by clicking on the envelope icon near the log out button then 'Create new message'. We will transfer any interest earned during the 60 days’ notice period to your RaboSaver account when the NoticeSaver account is closed.

When you opened the account with us you provided a nominated bank account (an account in the same name at another bank) and accepted our online direct debit authority. This allows you to transfer funds into Rabobank Online Savings from this nominated bank account, all within our online banking system.

You can of course make deposits from any other domestic bank account the you hold, or have other people/organisations deposit funds into the Rabobank Online Savings account. Just use the facilities of your other bank or provide your account number to the other party.

As an online bank, we only accept electronic transfers.

To make a transfer from your Nominated Account:

1. Log into Rabobank Online Savings
2. Click on 'Transfer money'
3. Select the 'From' and 'To' accounts
4. Enter the amount
5. Enter the date
6. Confirm the transfer by following the on-screen instructions 

We will need the new signatory to:

• complete our change of authorised signatory form, and
• consent to electronic verification, or
• provide certified identification and address evidence. 

Click here to download the change of authorised signatory form. 

See our Identity Verification Checklist for identification options and a list of trusted referees who can certify these for you.

Note: Electronic verification is not always successful so we may still need identity documents. We’ll let you know. 

There's no limit on the number of notice instructions you can place as long as you have sufficient cleared and available funds in the account.

During the initial account opening process you are only able to set up one Term Deposit, however, once you receive your Digipass you are then able to login and create as many Term Deposits as you wish.

To make a withdrawal from NoticeSaver you will need to load a transfer request and wait the 60 day notice period before receiving your funds. For this reason, we suggest that you keep some funds in your RaboSaver account in case you need them in a hurry.

If you are suffering from financial hardship, you can apply for the early release of your funds by completing our Financial Hardship Declaration and providing evidence of the hardship. We will consider your application and advise you if it has been accepted.

See the Financial Hardship Declaration for examples of hardship and the type of evidence required.

Tax will be deducted at your new tax rate when the next interest payment is made. For example, if you have a 6 month Term Deposit and change your tax rate part way through, tax will be deducted at your new rate when the interest is paid at maturity. It is not possible to deduct tax at two separate rates for one interest payment.

Interest is calculated daily and paid to your RaboSaver account on the last business day of the month. The payment will be available to you on the first day of the new month.

Yes. Your funds are on call so you can make withdrawals at any time. Just keep in mind that this may affect your interest rate.

If your balance on the last calendar day of the month is not at least $50 more than it was at the start of the month (excluding any interest paid during the month), you will earn interest at the minimum rate.

For example: You start the month with a balance of $1,000. If you withdraw $200, this drops your balance to $800. You will need to deposit at least $250 by the last calendar day to bring your balance to $1,050 (opening balance + $50) and earn maximum interest.

To make a withdrawal:

1. Log into Rabobank Online Savings
2. Click 'Transfer money'
3. Select the 'From' (PremiumSaver) and 'To' (Nominated) accounts
4. Enter the transfer details e.g. amount and date
5. Confirm the transfer by following the on-screen instructions 

Yes. You can set up a regular transfer into your PremiumSaver from your Nominated Account.

1. Log into Rabobank Online Savings.
2. Click ‘Transfer money’ then select ‘Move money’.
3. Select the ‘From’ (Nominated Account) and ‘To’ (PremiumSaver) accounts.
4. Select 'Recurring'.
5. Enter the amount, date, frequency and end date'.
6. Confirm the transfer.

We recommend you set up a regular savings plan for the 26th of the month, or an earlier, this will ensure that the money is received by us before the last business day of the month.

You may request a transaction at any time but the applicable cut-off time will affect the date on which the transaction is processed. Current cut-off times from Monday to Friday, excluding public holidays, are:

• 9:00pm for new Term Deposits
• 10:00pm for Transfers (inward or outward)

For transfers from NoticeSaver accounts, the notice period begins on the day requested regardless of the cut-off time.

You can have one PremiumSaver account under each different account type you hold with Rabobank Online Savings. For example, if you have an individual account and a joint account, you are able to open two separate PremiumSaver accounts.

Yes. PremiumSaver interest rates are variable and are subject to change.

This depends on how the funds are transferred to your account.

If you transfer funds into your account using the Rabobank online banking system, a clearance period of three business days will apply. This is because the funds are direct debited from your Nominated Account and we need to ensure that the transaction will not be dishonoured before we make the funds available to you.

You will start earning interest immediately but you will not be able to transfer the funds until the funds have cleared.

If funds are transferred to your account using the services of another bank there is no clearance period. The funds will be available to use as soon as they reach your account.

1. Log into your Rabobank Online Savings
2. Go to’ Accounts’ then select the Term Deposit
3. Click the on the Term Deposit
4. At the bottom of the page click on ‘Manage term deposit maturity’
5. Choose your new reinvestment instructions
6. Confirm the change by following the on-screen instructions

You can make changes up until the last business day before maturity.

You are welcome to keep the account open so you can use it again in future. It can stay open at a zero balance and doesn’t incur fees.

To close the account:

1. Log into Rabobank Online Savings
2. Go to ‘Transfer money’ then ‘Move money’
3. Select From account ‘PremiumSaver’ to ‘Nominated account’ or other Rabo account and amount will be the available balance in your PremiumSaver account.
4. Use your Digipass to confirm the transfer
5. Go to secure message by clicking on the envelope icon near the log out button then ‘Create new message’
6. Confirm in the message you would like to close your PremiumSaver
7. Click ‘Send’

We will then close the account and pay any remaining interest to your RaboSaver account.

Please call our friendly Customer Contact Centre on 0800 22 44 33, between 8am and 6pm weekdays. They will tell you what the best available rate is and create the term deposit on your behalf.

You can check your balance and see if funds need to be added to your PremiumSaver online.

1. Log into Rabobank Online Savings
2. Select the PremiumSaver account
3. Then select ‘Rates & details’
4. You will see a message that you will either need to deposit $50 or your balance has been increased to earn the bonus rate.

If this says “… you need to increase your balance by $50.00 before the end of the month” then you will need to deposit $50 to earn the bonus rate.

You can make one off transfers or set up a Regular Savings Plan from your Nominated Account online.

1. Log into Rabobank Online Savings
2. Click 'Transfer money'
3. Select the 'From' (Nominated Account) and 'To' (NoticeSaver) accounts
4. Select if you would like a ‘once only’ or ‘recurring’
5. Enter the amount, date and frequency if required
6. Confirm the transfer by following the on-screen instructions

You or any other individual or organisation can deposits funds into your NoticeSaver account. Just use the facilities of your other bank or provide your account number to the other party.

Log into your Rabobank Online Savings account 60 days before you want access to your funds and create a transfer.

1. Click 'Transfer money'
2. Select your NoticeSaver in the 'From Account' field
3. Choose where you would like the funds paid to
4. Enter the amount
5. Click continue
6. Confirm the transfer by following the on-screen instructions 

Interest is calculated daily and paid on the last business day of each month.

No, deposits with New Zealand banks are currently not government guaranteed.

We may, at our discretion, allow you to break the Term Deposit and return the funds to your Rabobank Online Savings account.

Call us on 0800 22 44 33 or send a secure message with details of the Term Deposit you wish to break.

To send a secure message, log into Rabobank Online Savings and click on the envelope icon top right hand side of screen then 'Create new message'.

We will then contact you to advise if the Deposit can be broken and if a fee will apply.

Once we have approved your request to break, and provided you with a break quote, you must confirm whether you wish to proceed breaking the Deposit by 3.00pm on the same business day when we provided the confirmation to you to ensure it is broken that day.

The funds will be available in your Rabobank Online Savings account by the end of that day. From there, you can transfer funds to your nominated account online by clicking 'Transfer money'.

Interest is calculated daily and paid at maturity for terms of 1-9 months.

For terms of 1-5 years, you can choose to have interest paid monthly, quarterly, six monthly (excluding the 15 month term) or annually.

Interest is paid back to the Rabobank Online Savings account that originally credited the Term Deposit. We do not provide compounding interim interest and we are not able to pay interest directly to the nominated account

Interest is calculated daily and paid to your PremiumSaver account on the last business day of the month. This means the interest will be included in the opening balance for the following month.

Keep in mind:

• Interest payments don’t count towards the minimum $50 balance monthly increase to receive premium interest.
• If you make a withdrawal, your balance will decrease and you may miss out on premium interest for that month.

As the official cash rate and other market rates change we see movements in the cost for Rabobank to fund its lending. From this we review and adjust the rates we offer to our customers. Rabobank’s deposit rates remain competitive relative to other banks.

We do not offer compounding interest payments. Interest is paid back to the Online Savings account that credited the Term Deposit.

However, if you are investing in a term of 18 months or less with interest at maturity, you can choose to automatically reinvest the Term Deposit and capitalise the interest. The interest will automatically be added to the original sum and incorporated in the new Term Deposit.

You need to increase your previous month-end balance by $50 or more by the last calendar day of the month.

To make sure you don't miss out on premium interest, we recommend setting up a Regular Savings Plan.

To do this:

1. Log into Rabobank Online Savings
2. Click 'Transfer money' then select ‘Move money’
3. Select the 'From' (Nominated Account) and 'To' (PremiumSaver) accounts
4. Select recurring
5. Enter the amount, date and frequency
6. Confirm the transfer by following the on-screen instrucitons

If you set up a regular savings plan for the 26th of the month or earlier, this will ensure that the money is received by us before the last calendar day of the month.

Yes, notice instructions can be cancelled at any time up until the last business day before the transfer is due.

1. Log into Rabobank Online Savings
2. Click 'Transfer Money' button, then select 'Upcoming Payments'
3. Select the NoticeSaver account
4. Select the payment you wish to cancel
5. Select 'Cancel'
6. Confirm the action with your Digipass

Note: Once the notice has been cancelled, and if you wish to load a new notice, the 60 days' notice period will restart.

There is no minimum account balance for your PremiumSaver. The maximum account balance is $5 million. However, the maximum balance to receive premium interest is $100,000.

Balances between $100,000 and $5 million will earn interest at the RaboSaver rate, providing the monthly balance increase is met. If the monthly balance increase is not met, the minimum interest rate will apply to all funds in the account.