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.

The best way to ensure you earn premium interest is to set up a Regular Savings Plan. You can set up a Regular Savings Plan and make one-off deposits from your Nominated Account online. 

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

We recommend setting your Regular Savings Plan for the 26th of the month or earlier to ensure the funds are in your account by the end of the month. 
To make deposits from an account that is not your Nominated Account, just use the facilities of the other bank.

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.

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.

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

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. Transfer your remaining balance out using the 'Transfer money' button
3. Click the envelope icon top right next to the log out button then select ‘Create new message’
4. Provide the name or suffix of the account you wish to close
5. Click 'Send'

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

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 calendar day of the 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

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 instructions

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 the end of the month.