Rabobank household deposits fell 10 per cent in August 2008, from $841 million to $757 million, according to Australian Prudential Regulatory Statistics. The reason is that RaboPlus, the bank's internet banking arm, dropped rates from eight per cent at the end of July to 7.3 per cent at the start of August.This highlights the retail at-call bank deposit churn of customers chasing the highest rate in the market, evidenced by BankWest increasing household deposits by five per cent in August to $14.8 billion, as new funds received accrued 8.1 per cent.Greg McAweeney, beginning his role as general manager at RaboPlus this week, after previously running RaboDirect, the Irish subsidiary of Rabobank, for the past three and a half years, said he was not overly concerned about the exit of funds. "Where we have lost some money is through td's (term deposits) which have been maturing."The money though tends to be stickier for people who open up self managed super funds accounts".McAweeney said 40 per cent of the deposit book is comprised of self managed super funds.Business deposits for Rabobank increased over one per cent in August to $1.1 billion, up 61 per cent so far for calendar year 2008.