Reviewer: Ed

I just withdrew most of my money from Rabo as ASB was still offering 8.25% instead of 8.1% on Rabo. ASB has now dropped to 8.1% too. Still no incentive to move back to RABO yet though. the argument used by RABO that it is the safest bank in NZ may be true, but to be fair there is not much difference between other safe bank in New Zealand. The best rating is still no guarantee anyway and it does not make any difference to be with a bank that is 99.95% safe or 99.9% safe. Come on Rabo, change the interest rate up a notch, even 0.05% will see you get many customers come back. You are Dutch after all!

Reviewer: Ruth

I love RaboPlus. It's so good to be able to organise my money when I want to and so easily. Thanks!!

Reviewer: Olivia

I was very happy with Raboplus. It was a good way to separate my savings, so it wasnt a tempation to touch it. Although I have now withdrawn all my money, since the interest rate seems to be dropping with rabo, whereas my current bank's isnt. Bring it back up, and ill consider reinvesting.

Reviewer: Kyle

Hi I have had Rabo account for about a year. I find it easy to use and my options are good. Currently all my money is in the on call account. But I do feel the interest rate is now not as competetive as other banks .. there have been a few online accounts coming out that soon if rabo does not match I may switch too

Reviewer: Aengus Jankowsky

Hi - I've got transaction accounts with Kiwibank and my savings with Rabo and have been happy with the service provided by both so far, however given the drop in Rabo's rates and the extra convenience offered by Kiwibanks online call PIE account, I'm seriously considering consolidating my accounts with Kiwibank. Do Rabo have a similar PIE on-call account in the works? If so I'd be happy to stick with you guys until it's sorted.

Mike Heath: Aengus, yes we do have an online call PIE – in fact we were the first bank to launch one in NZ (Dec 2007), it’s the Cash Advantage Fund. Take a look and should you have any questions please do not hesitate to call us on 0800 22 44 33.

Reviewer: Nick

Hello, while I like the way you encourage saving and pro-active money management, I can't help feeling a bit ripped off by the drop in your rate 8.35 - 8.20. It took me a long time to convince my friend that he should open an acount with you because of high the interest but now he's laughing at me because he earns more with ASB, and he's confident in their AA S&P rating. I thought the fact that you are strictly online with no 'physical' branches meant you could offer us a higher rate? One week after I open an account the rate drops 0.15% - bugger.

Reviewer: Simon

I've just looked at your "Compare us with Your Bank" section, but my bank (ASB) is clearly offering better rates than Rabo. Why would I move my money from ASB to Rabo???

Mike Heath: Simon, thanks for the question. There are two sides to the equation … how much can one earn and what is this risk on that return? Whilst our On Call rate is not currently as high as ASB’s (I believe this is the first time since we launched Feb 2006) our credit rating of AAA from Standard and Poor’s, which Rabobank has held for over 26 years, is still higher than any other bank in NZ. Have you considered our Cash Advantage Fund – it offers an effective rate of 9.80% for those persons on a 39% RWT rate, versus ASB’s 9.72%?

Reviewer: Andre

Can a person living in the Uk, England open an on line savings account with your bank in New Zealand?

Mike Heath: We appreciate your interest, however, to open a RaboPlus account you need to be, for tax purposes, a New Zealand resident and need to be able to supply a New Zealand address at which you reside. Unfortunately in this instance we would not be able to open an account for you.

Reviewer: Angela

It is a fantastic way of accelerating our saving. We get paid monthly, so as soon as that we’ve received our salary that we work out our monthly spending, then we transfer the funds directly into Raboplus account each month. We put most of our expenses on credit card and pay off each month to assist us with household budgeting. By keeping the account separate and high interest, that we can really see our saving grown over the year. Recently, that we’ve even managed to pay off one of our mortgages. Happy Earning, Happy Saving and also Happy spending. Most important that we know our saving is safe. Thank you! Raboplus. ^_^