Applying for an account with RaboDirect
What happens with the term deposit I set up when I opened my account?
If you opted to open a term deposit while you were going through the account opening process, then this will be automatically set up for you as soon as you have the required funds in your account.
The interest rate quoted for the term deposit will be honoured for 10 days from the date you completed the online account opening form, even if the advertised rate is reduced during that time. If the interest rate increases during that time, then the term deposit will be opened with the higher rate.
