RABO DIRECT High Interest Savings Account Interest Rate up to 3.20% Variable 4 Month Honey Moon Period. Then 2.05%

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Rabobank

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  EarlyBird on 22/09/2016 - 11:33

  "As a RaboDirect customer, you can always depend on us to let you know when there are changes that affect your account."

  4 month introductory bonus rate - the above should read "As a new RoboDirect customer…"

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    Peck on 22/09/2016 - 11:38

    Ok, I have added info now.

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  rogsamsy on 22/09/2016 - 12:16

  As I already have a Rabo account, I recently opened a Australian Unity account with the same rate and term (3.2% for 4 months).
  https://australianunityhomeloan.com.au/savings-account/?utm_…

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  gimme on 22/09/2016 - 12:35

  I don't bother with these 'honeymoon' rates anymore. RAMS and a few others with perm rates are much better imo. Continuously shifting money around (and missing out on 1month's interest etc) pretty much negates the advantage of the small interest % difference.

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    Peck on 22/09/2016 - 12:44

    +1

    I agree it is a lot of hassle for little, but I just park money into these accounts until I have built up enough for a term deposit.
    However financial institutions make money out of people who find it a lot of hassle to move $ around. Take for example transaction accounts that earn zero interest. People may have their pay put into these accounts and sitting there for a period of time at zero % until they need it. Multiply that by all of the transaction accounts that banks have and the funds held therein, and the banks have a 'nice little earner'.

    • 

      gimme on 22/09/2016 - 14:03

      -1

      dupe

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    thefreelunch on 22/09/2016 - 13:02

    The Rams Saver is an excellent offer - if you are able to keep your balance between $200-$500K without monthly withdrawals to earn the 3.15%.

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      [Deactivated] on 22/09/2016 - 13:40

      Sorry to ask you basic question, but wanted to clarify as I'm new to Australian laws.

      How safe is our money with RAMS? As they are not a bank, is it still safer to deposit money with them?

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        thefreelunch on 22/09/2016 - 13:44

        +1

        They're owned by Westpac, one of the big four banks. There's a government guarantee on bank deposits of $250,000.

        http://www.guaranteescheme.gov.au/qa/deposits.html

      • 

        [Deactivated] on 22/09/2016 - 13:57

        @thefreelunch: Thanks mate.

      • 

        gimme on 22/09/2016 - 14:00

        Yes it's safe. The banking guarantee was a nice PR exercise during the GFC to make people feel safe and not rattle the market. All the institutions that were part of it were already safe anyway as per existing Aus regulations.

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  bluesky on 22/09/2016 - 17:17

  They used to have decent FD rates, but not anymore. For existing customers, on-call account saving rate is not very high either. The promotions for existing customers when they provide bonus for new funds are good. But those are few and far between. Can't remember when was the last one.

  Still, this deal is great for a new customer.

  • 

    Peck on 18/10/2016 - 11:56

    I am pretty sure that this is also covers existing customers IF within their first 4 months, because I was an existing customer and I am getting 3.2%.

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      bluesky on 18/10/2016 - 23:11

      You are quite right. This topup offer applies to existing customers, and started on the 1st October. My comment above was made before that, and I was hoping for such a topup bonus :-) So glad it came!

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  mmecholet on 14/10/2016 - 11:53

  I received an email from RaboDirect which I read as offering 3.2% to all NEW MONEY put into HISA accounts between 1 October and 30 January. [I remember thinking time was tight to get full 4 months - so email would've been around very late September - 4 October note I made]. BUT now I am prepped to put over 100K in my existing RaboDirect HISA account - with express purpose of gaining 3.2%, that RaboDirect email is now nowhere to be found in my email system!! Anyone know how to recover 'disappeared' emails in hotmail accounts? Is it possible for RaboDirect to somehow obliterate all trace of an email they sent me? How?? I sent internal message to RaboDirect 10 minutes ago asking for verification of elegibility asap today. Will post if the unexpected happens and I a) get a reply today b) it's favourable. In meantime, really WOULD like to know how to retrieve that 'disappeared' email from RaboD! (Can't remember if I deleted it or not - but "Search Mail & People" function can't find it! Nor is it listed in my internal RaboDirect Messages).

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    bluesky on 15/10/2016 - 01:41

    +1

    The campaign info is contained in this link even if you can't find your email.
    Also, you can always send in a tiny amount of external money, $1 say, and you will see the new 3.2% tier displayed, when you click on the interest rates for the account. The $1 new money should be in the 3.2% tier, and next to this tier, it should state that up to $250K is eligible. Hope this helps.

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  mmecholet on 15/10/2016 - 17:24

  +1

  Thanks bluesky; you're a lifesaver! I could not find that info on their website, & the email I'm sure I had is long gone. I'd sent a message via 'contact us' asking Rabodirect to confirm the 'top up' arrangement same day/Friday - but your info more than compensates for their lack of reply. Truly grateful.

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    bluesky on 16/10/2016 - 05:29

    You are most welcome :-)