More than 40 Australian financial institutions were in the running for the award with Rabobank 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 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,” she said. “We already know that cash and term deposit allocations are an integral part of the SMSF portfolio.
“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 with 100 per cent of money deposited with Rabobank going towards funding Australian farmers and agribusinesses, SMSFs and other investors can also “be assured they are helping Australian farmers grow too”.
