Fees & Features of the RaboPlus High Interest Savings Account

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Bank with freedom at NZ's safest bank


  • At RaboPlus we aim to give you the tools and freedom you need to manage your savings and investments from the comfort of your home
  • We pride ourselves on listening to our customers and providing a banking experience that meets their needs. As a RaboPlus Customer you'll enjoy...
Interest Rate3.50%p.a.
Minimum Deposit$1
Minimum BalanceNONE
Interest PaidMonthly
Interest CompoundsMonthly
Interest CalculatedDaily
Transfers In/OutFREE
Account FeeNONE

Automated savings plans

Regular Savings PlanIf you have a particular savings goal in mind, e.g. house, car or retirement, then our Regular Savings Plan can help.

Our Regular Savings Plan lets you transfer funds into your account on a regular basis, e.g. weekly, fortnightly or monthly, saving you time and keeping your savings on track.

How saving regularly works

Printable Tax Certificates & Statements

Tax CertificateMost banks give you the option to print off statements, but how many go as far as letting you print off your Tax Certificates as well?

At RaboPlus your Statements and Tax Certificates are generated dynamically and stored historically for your convenience. So when it's time to arrange your finances you can instantly print the copies you need.

Instant access to Term Deposits

Term Deposit ClockFrom within your Savings Account we've made it ultra simple to transfer funds into a Term Deposit.

At RaboPlus our Term Deposits are created automatically for you. So there's no going into branches, filling out paperwork, picking up the phone or sending off instructions.

Instant access to Managed Funds

Bull BearThe hardest thing about investing in Managed Funds from your Savings Account is choosing which Managed Fund to invest in.

At RaboPlus we provide access to over 35 Managed Funds from 6 Fund Providers spread across 10 investment categories including Cash, Property and Equities. To get started simply find a fund that matches your appitite for risk.

Extra interest before it hits the bank

Free ParkingWhen you transfer funds to our Savings Account you'll start earning interest immediately, even before your money is cleared (which can take up to 3 business days).

Access to Business, Trust & Children's Accounts

Business Children TrustYou'll be pleased to hear that if you set up Business, Trust or Children accounts they'll get the same high interest rate on their savings and access to all the same features listed above.

Business Accounts

Trust Accounts

Children's Accounts

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Money pile smallSavings Account Reviews

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You've rated us 4 out of 5

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The on call interest rate has been at 3.6% for a long time. Term deposit rates have gone up are you considering raising on call rates??

Mike Heath: Hamish our rates are very much influenced by the wholesale interest rate market which, in turn, is influenced by the Official Cash Rate (OCR). As you will have no doubt seen in the news, the RBNZ doesn’t have plans to increase the OCR for some time, and so the wholesale market then takes statements like that into consideration when setting interest rates for the future dates. The next OCR statement is due this week so we will be watching with the RBNZ has to say about future expectations for the OCR.

Reviewer: Hamish Bond

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so easy no hassles. Thank you.

Reviewer: Carolyn King

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Excellent idea and its so cool that you just have sub accounts for all your different goals!!!! love it!

Reviewer: Adam

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