Unleash your savings potential!
How it works
To earn maximum interest for a month, your PremiumSaver balance must be at least $50 higher at the end of the month than at the beginning (excluding interest paid during that month).
Jane has a PremiumSaver balance of $10,000 on the 1st of the month.
On the 5th Jane deposits $25 into PremiumSaver then withdraws $100 on the 10th. Her balance is now $9,925.
Jane then deposits $100 on the 11th and a further $50 before the end of the month. This leaves Jane with an end of month PremiumSaver balance of $10,075.
By the end of the month Jane managed to increase her total balance by $75.
This qualified her for premium interest because her total balance increase was greater than the $50 minimum.
How to transfer funds
There are two ways to transfer funds into and out of your PremiumSaver account. Click the links below to see how this works:
See how we stack up!Compare PremiumSaver to similar products from other banks:
Increase balance by $50 per month (excluding interest paid during that month)
Increase balance by $20 per month
One free withdrawal
Fast Forward Saver
Bonus interest for increasing balance by $20 per month
|Online Bonus Saver||4.20%||0.10%|
Deposit (any amount)
No withdrawal during
the calendar quarter
Tell me more
A premium rate for active savers
With our PremiumSaver account you can gain a market leading interest rate when you actively save each month. Premium interest is earned when you increase your balance by $50 by the second to last business day of the month excluding interest paid during that month. Balance amounts over $100,000 will not attract the premium rate, but will still attract our standard RaboSaver rate of 3.25% - just be sure you keep actively increasing your balance by $50 each month.
Funds at your fingertips
PremiumSaver may be the perfect product to help you cut your savings loose from your current bank. One of the perks of having a PremiumSaver account is you can make an unlimited number of withdrawals and transfers into your account whenever you like. Your money isn't locked away and is there if you need it for a rainy day. However, to gain the benefit of the excellent PremiumSaver interest rate you must increase your total PremiumSaver balance by $50, before the second to last business day of the month excluding interest paid during that month.
Interest calculated daily & paid monthly
From the day you make your first transfer into your PremiumSaver account your money will be earning interest. Interest will be earned on the daily balance of the account from the start of the month, including on any additional deposits, and is paid monthly at the end of the month.
Strong online safety with the Digipass
We've chosen to protect you with one of the safest methods of online banking available today. Using the Digipass your money is protected by two-factor authentication.
By using the Digipass your savings and investments, as well as your identity, benefit from leading online security.
Already a customer? Login to open a PremiumSaver