Rabobank Australia was named Self Managed Super Fund (SMSF) Savings Bank of the Year at the recent 2023 Mozo Experts Choice Awards – from a pool of 44 Australian financial institutions – with the bank also taking out more award wins than any other provider of SMSF accounts.
Mozo recognised the “exceptional value” of Rabobank’s SMSF product range – with award wins in the No Strings Savings, High Interest Savings and Term Deposit categories.
Rabobank’s Head of Rabobank Online Savings, Julie Blanchard, said the bank was pleased to be recognised for delivering savings products that provide value for customers.
Ms Blanchard said the SMSF sector has shown consistent growth in recent years with the Australian Taxation Office (ATO) quarterly data from March this year indicating SMSFs have about $890 billion in assets with around 600,000 SMSFs on behalf of 1.1 million people.
“This forms part of the $3.5 trillion of the total superannuation assets in Australia. We already know that cash and term deposits allocations are an integral part of the SMSF portfolio,” she said. “And our SMSF products are well designed to support the SMSF members through growth in their cash balances, enabling liquidity and access to their cash to suit their lifestyles.
“Rabobank is focused on providing accounts that not only provide good returns, but also a good range of different savings products to meet our customers’ savings objectives,” Ms Blanchard said.
“And, the Rabobank High Interest Savings Account offers new customers a higher variable welcome rate for the first four months” she said.
“Rabobank offer a number of account options that suit a variety of savings scenarios. And with Rabobank you’re not required to open a transaction account, so you can keep transacting with your main bank.”
Ms Blanchard said, with 100 per cent of money deposited with Rabobank going towards funding Australian farmers and agribusinesses, so SMSFs and other investors can also “be assured they are helping Australian farmers grow too”.
Denise Shaw Will Banks
Media Relations Media Relations
Rabobank Australia & New Zealand Rabobank Australia
Phone: 02 8115 2744 or 0439 603 525 Phone: 0418 216 103
Rabobank Australia & New Zealand Group is a part of the international Rabobank Group, the world’s leading specialist in food and agribusiness banking. Rabobank has more than 120 years’ experience providing customised banking and finance solutions to businesses involved in all aspects of food and agribusiness. Rabobank is structured as a cooperative and operates in 38 countries, servicing the needs of more than nine million clients worldwide through a network of more than 1000 offices and branches. Rabobank Australia & New Zealand Group is one of Australasia’s leading agricultural lenders and a significant provider of business and corporate banking and financial services to the region’s food and agribusiness sector. The bank has 90 branches throughout Australia and New Zealand.