Saving come hail, rain or shine
Who says saving is only for those rainy days? Why not save come hail, rain or shine? That way you're prepared for the here and now and the future - saving for the everyday stuff life is all about. At RaboDirect, we make it easy for you to get on with it. Our online-only RaboDirect Savings Account gives you decent rates and instant access to your money when you need it - without any of the sneaky stuff, like fees or charges or penalties for withdrawals. It's really simple. We believe that's how it should be.
Remember the interest on each Single account, Joint account and Minor account is calculated separately on the aggregate balances of deposits held in each Single account, Joint account and Minor account at the following rates:
1.50% Variable Gross/1.50% AER* on your first €20,000, 0.75% Variable Gross/0.75% AER* on amounts above €20,000 up to €5 million, 0% Variable Gross/0% AER* on amounts deposited above €5 million.
You should know that as of the 5th of August 2015, the rates above and the tier structure will change. So from the 5th of August 2015 you will get 1.25% Variable Gross/1.25% AER* on your first €50,000, 0.50% Variable Gross/0.50% AER* on amounts above €50,000 up to €5 million and 0% Variable Gross/0% AER* on amounts deposited above €5 million.
*AER means Annual Equivalent Rate and is the interest rate you would receive after a year when interest is paid and compounds on your account. Interest is subject to Deposit Interest Retention Tax (DIRT).
Simple, penalty free, unlimited access to your savings online whenever you want - because it is your money after all.
No Minimum Deposit
You don't need to have a huge amount to open a Savings Account. You can start with just €1!
With the RaboDirect Savings Account we don't do fees or sneaky charges. That would just be mean.
Part of the Rabobank Group
At RaboDirect, we're part of the Rabobank group, so you'll be reassured to know that in September 2014, Rabobank was once again ranked among the safest banks in the world by Global Finance Magazine.
*AER means Annual Equivalent Rate and is the interest rate you would receive after a year when interest is paid and compounds on your account. Interest is subject to Deposit Interest Retention Tax.