RaboDirect – (formerly known as RaboPlus prior to 20 May 2010) is the online banking arm of Rabobank Australia which is owned by the international financial services group Rabobank Group. Rabo is an abbreviation of Raiffeisen–Boerenleenbank. Rabobank specialise in food and agribusiness banking.
Whilst Rabobank may not be a household name it has triple AAA credit ratings from Moodyâ€™s and Standard & Poor’s. This is currently higher than any other Australian bank. It operates in 43 countries around the world with over 9 million customers. Deposits less than $1million are currently guaranteed by the Australian Government with Rabobank Group guaranteeing deposits in excess of this amount.
RaboDirect currently offers:
- high interest savings accounts
- term deposits and
- wholesale managed funds
RaboDirect also offer DIY super and business versions of these products.
RaboDirect are an online bank and only interact with customers via their website, email or call centre (1800 445 445).