Raboplus Savings Account – Compare Your Bank Overview

The Raboplus savings account is a purely online high interest savings account for financially-savvy investors who want to maximise the Internet to manage their investments and receive higher interest earnings on their savings. Whether you are an individual investor, a trust fund, a business, or a self managed super fund, you are welcome to open a Raboplus savings account and earn the high ongoing savings rate of 5.75% p.a.

About the Raboplus Savings Account

The Raboplus savings account is an online high interest savings account that does not impose any monthly fees, minimum balance requirements or minimum deposits. Interest is calculated daily to make sure you enjoy the benefit of the high interest savings account and paid monthly.

Raboplus Savings accounts are offered by the Rabobank Group, the largest online bank in Europe. With a Raboplus Savings account, you have 24/7 access to information on your savings account via highly secure online banking.

Who may open a Raboplus savings account?

This high interest savings account is available to anyone – individuals, persons who want to open a joint account for personal purposes or an account on behalf of a minor or another person. Any business (sole trader, partnership or company), a DIY Super fund, or a formal Trust may also open Raboplus Savings accounts. Persons must provide their individual Tax File Number (TFN), while businesses (including super funds and trusts) need their Australian Business Number (ABN), in order to avoid deduction of withholding tax. Personal details of the authorised signatory for each account should also be given. All applications for Raboplus Savings will be done online.

You’ll also need to link your Raboplus Savings account to a bank account with another bank (called the linked account), which should bear the same name as the Raboplus Savings account. You also must provide a copy of the current bank statement, BSB and account number of the linked account, to facilitate money transfers from and to the Raboplus savings account. A two-factor authentication system anchors the robust security system designed for the online Raboplus savings account. You will receive your own Digipass (with random number access codes) which combines with items that only you should know (your customer number and PIN), for use every time you make a Raboplus savings transaction.

Key Features of the Raboplus Savings Account

• High interest savings account with ongoing savings rate of 5.75% p.a.
• Available to everyone including personal customers, trusts, businesses, and self managed super funds
• No monthly fees on Raboplus high interest savings account
• No minimum balance requirements
• No minimum deposit
• No withdrawal penalties
• Online account accessible through Digipass,  a highly secure system to protect your account
  

Raboplus also offers the facility to buy and sell managed funds online with only $250 as minimum investment and no ongoing fees.