Don't be held back by your major bank

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Over the past five years thousands of Kiwis realised that life was too short to be held back from their savings goals. Instead they chose to save with RaboDirect. Now you can too!


Personal High Interest Savings Term Deposits

Why choose a RaboDirect savings account?

Click on a topic below to expand and learn more.

What's right for you?
Features Personal High Interest Savings Term Advantage Fund (Term PIE) Term Deposits
Minimum balance $0 $1,000 $1,000
Maximum balance $5M $5M $5M
Bonus interest maximum balance $1M - -
Interest Paid Monthly At Maturity* At Maturity**
Interest Compounds Monthly - -
Free Transfers In/Out Unlimited - -
No account fees yes yes yes
PIE fund option available yes - yes
PIE tax benefits - yes -
Available for businesses - yes yes
Available for trusts yes yes yes
Available for children yes yes yes
Regular savings option yes - -
Interim interest option - - yes
Auto re-investment option - - yes
Fixed Interest Rate - yes yes
View all rates View all rates View all rates View all rates
How to apply? Apply now Apply now Apply now

* Interest is also paid on April 1st if your investment crosses this date. ** Interim interest option available on 1 to 5 year terms.

Consistently High Interest Rates

As New Zealand's only specialist online savings bank, RaboDirect is different in lots of ways. We focus on saving products only and don't have account or transaction fees. And we offer a range of saving options that deliver consistently competitive interest rates; meaning you're not wasting time hunting around for rates, or tied down to one bank that wants to manage all your money affairs.

  View the historical rate comparison chart

RaboDirect’s pedigree

RaboDirect is the online savings division of Rabobank, who have been among the top 10 safest banks in the world for over 10 years, according to Global Finance Magazine. Rabobank is the world’s leading specialist in food and agribusiness banking and has been providing New Zealand food and agribusinesses customised banking and finance solutions for over 15 years. You’ll be pleased to hear as well that 100% of all deposits with RaboDirect are lent back into New Zealand food & agriculture.

  More about RaboDirect

No sneaky stuff

As New Zealand's only specialist online savings bank, RaboDirect is different in lots of ways. We focus on saving products only and don't have account or transaction fees. And we offer a range of saving options that deliver consistently competitive interest rates; meaning you're not wasting time hunting around for rates, or tied down to one bank that wants to manage all your money affairs.

  More reasons to invest with RaboDirect

Award winning savings accounts

RaboDirect has won the Best Online Savings Account at the Sunday Star-Times Canstar Banking Awards for four consecutive years. Our savings account was also awarded a Canstar Cannex 5-star rating last year.

  Learn more about our awards

Help yourself to great savings options

Once you log into your account, you can easily open a term deposit, set up a regular savings plan, or even invest in a managed fund, without having to ask us first - just help yourself.

  Compare our products

It’s easy to save with RaboDirect

No need to switch banks! Leave all your day to day banking with your main bank and simply open an account online via our website, transfer your spare cash in, and start earning higher interest.

  Apply online now

Apply online in minutes
Complete our online form

You’ll need your IRD number and your Nominated Bank Account.

Print and sign the form

You’ll need to send us your Supporting Documents.

Freepost your documents

Remember, no stamp required!

Get started
 
Apply now
How to apply
Complete our online form   Complete our online form

You’ll need your IRD number
and your Nominated Bank Account.

Print and sign the form   Print and sign the form

You’ll need to send us your Supporting Documents.

Freepost your documents   Freepost your documents

Remember, no stamps required!

Get started
Contact us
  Request a call back
 
Request a call back
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