Interest rates

Give your money a wake up call with our high interest rates

At RaboDirect we love to stir your savings from their slumber with some of the highest interest rates on the market.

Check out our competitive rates below for:

High Interest Savings

  • No fees and no minimum balance
  • Access to your account 24 hours a day, 7 days a week
  • Interest calculated daily, paid monthly
  • New higher tiered variable rate
  • 5.40 p.a. as standard on the first $200,000 in your master account
  • Different rates apply to business accounts 

Term Deposits

Wake up your savings with Term Deposits up to 6.50% p.a.

  • Get the certainty of a fixed rate of return
  • Choose a term that suits you — from 1 month to 5 years
  • Interest paid monthly, quarterly, half yearly or yearly
  • Start with as little as $1000
  • Available to both Businesses and DIY Super funds
  • Open a Term Deposit online in minutes
Time periodInterest rate*(% p.a.)
1 month4.50
3 months5.60
6 months5.80
9 months5.50
1 year5.60
15 months^5.60^
18 months^^5.60^^
2 years5.70
3 years6.00
4 years6.00
5 years6.50

^ The annual rate shown is for comparison purposes only. Interest payments for 15 month terms are available monthly and quarterly.

^^ The annual rate shown is for comparison purposes only. Interest payments for 18 month terms are available monthly, quarterly and semi-annually.

Information last updated on 02/02/2012.

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PremiumSaver

Watch your money rise and shine with our rate of 5.60% p.a.

  • Earn this high rate by increasing your monthly balance
  • Still earn 4.25% p.a. for the month if you can’t meet the balance increase
  • Interest calculated daily, paid monthly
  • No minimum opening balance, no fees and no sneaky stuff
  • For balances over $1 million different rates apply
  • Different rates apply for Businesses

Managed Funds

Give your savings a step up with Managed Funds

  • As easy as buying and selling shares online
  • Manage and monitor your portfolio online
  • Low fees – you pay wholesale, not retail fund manager fees
  • Select from a range of leading fund managers
  • Over 60 preselected funds across all asset classes
  • Minimum investment of just $250
  • For individuals, joint applicants, businesses and DIY super funds