A different kind of bank.
RaboDirect is New Zealand's first internet only bank specialising in savings and investments. We don't offer traditional banking products like eftpos, cheques, high-interest loans, mortgages and credit cards. You can keep your existing bank for those services - just use RaboDirect for savings and investments (without the hassle of switching banks).
With no branch network, low operating costs and minimal overheads mean we can offer you higher interest rates and smarter savings, term deposit and managed fund products.
We're not motivated by share price - as a cooperative banking group, we don't have one. We're not out to make enormous profits at the expense of our customers. And with over 10 million customers worldwide, this philosophy is clearly working!