TD Term Deposits
Up to 4.60% p.a.*
5 yr fixed term

Term Deposits

  • NEW - Get an extra 0.10%p.a. with our Loyalty bonus

  • Set up your Term Deposits online, it's a piece of cake.

  • Interest paid monthly, quarterly, half yearly or yearly

  • Start with as little as $1,000

Giving it to you straight

Find out how our new Loyalty Bonus works

How Loyalty bonus eligibility works:

  • Get an extra 0.10%p.a. with our Loyalty bonus
  • Receive a whopping 4.70%p.a.~ when adding to our 5 year fixed term
  • To get the Loyalty bonus you need to automatically reinvest your full principal, or even top it up to make sure you're really benefitting.
  • The Loyalty bonus is then added to the interest rate of your reinvestment term.
  • The Loyalty bonus rate is subject to change and is not cumulative.

~The rate shown is an example, and only applies to an automatic reinvestment of an existing Term Deposit into a 5 year term, based on the currently advertised 5 year rate (4.60%p.a.), and Loyalty Bonus (0.10%p.a.), both of which are subject to change at any time prior to the day the automatic reinvestment occurs.

Features and Benefits

Open a Term Deposit online in minutes

There are only three certainties in life.... death, taxes and a great return on your savings with a RaboDirect Term Deposit.

  • Earn up to 4.60%p.a. Choose a term that suits you, from 1 month - 5 years
  • MORE interest: Choose to automatically reinvest your deposit right up until the working day before your term matures and we'll reward you with a Loyalty bonus, currently 0.10%p.a., on top of the interest rate on your reinvestment term.
  • All rates available for Personal, Businesses and DIY Super customers

More features...

  • Interest paid monthly, quarterly, half yearly or yearly depending on the term you select
  • Open as many Term Deposits as you like
  • Flexible reinvestment options that can be changed up until the working day before the Term Deposit matures
  • Set and forget investment options

How Loyalty bonus eligibility works:

  • To get the Loyalty bonus you need to automatically reinvest your full principal, or even top it up to make sure you're really benefitting.
  • The Loyalty bonus is then added to the interest rate of your reinvestment term.
  • The Loyalty bonus rate is subject to change and is not cumulative.

Check out our rates compared to other banks

Straight talking from RaboDirect

Because we're straight talking and want the very best for our customers we always aim to offer market leading rates. Check out how we stack up against our competitors

Get even MORE interest: add 0.10%p.a. when you automatically reinvest your Term Deposit.


Based on $10,000 deposit

Institution 1 mth 3 mths 6 mths 9 mths 1 year 18 mths 2 years 3 years 4 years 5 years
RaboDirect 3.15 3.50 3.55 3.65 3.65 N/A^ 4.00 4.10 4.40 4.60
AMP Bank n/a
ANZ Bank n/a n/a n/a
Arab Bank Australia n/a
BOQ
Bank of Melbourne
BankWest n/a
Bendigo Bank n/a n/a n/a n/a
Citibank n/a
Commonwealth Bank n/a n/a n/a n/a
HSBC Bank
ING Direct n/a n/a n/a n/a
Macquarie Bank n/a n/a
NAB n/a
Newcastle Permanent n/a n/a n/a n/a n/a n/a
Rural Bank Limited n/a n/a
St.George Bank
Suncorp Bank n/a
UBank n/a n/a n/a n/a n/a
Westpac

Minimum $1000 deposit and early termination fees apply to RaboDirect Term Deposits.

Information accurate as at and subject to change at any time.
Source: CANSTAR CANNEX
Note: Rates shown are as notified to CANSTAR CANNEX during the previous business day.
Financial data provided by Canstar Cannex Pty Ltd AFSL 312804. CANSTAR CANNEX's FSG and AFSL disclosure statement apply.
RaboDirect has received permission from Canstar Pty Ltd to publish this information and does not endorse or accept responsibility for the accuracy or completeness of the information provided.
The product information in this table is intended as a guide only and you should not rely on this information. Some rates listed may be promotional rates. For the latest rates, and full term deposit product terms and conditions, refer to respective product issuers' websites.
^ The annual rate shown is for comparison purposes only. Interest payments for 18 month terms are available monthly, quarterly and semi-annually.

See all RaboDirect Term Deposit rates

Guaranteed interest rate with your Term Deposits

With a Term Deposit you get a guaranteed interest rate on any amount you invest as long as you keep your money invested for the agreed time. The rate you get depends on the amount you invest and how long you invest it for.

Our Term Deposit have flexible interest payment options

All your interest is paid directly into your nominated RaboDirect account, which makes it nice and easy for you. Check out the table below for our most up to date rates.

Or, you could always consider a Notice Saver for even more flexibility

A Notice Saver account is a bit like an online savings account except you have to give us advance notice to take your money out. Which means you're far less tempted to buy on impulse, so it helps you save or put money aside.


Term Deposit Rates

Term Deposits (Personal and Business) Short Term*

Term $1000 – $2,000,000
1 month 3.15
3 months 3.50
6 months 3.55
9 months 3.65

Term Deposits (Personal and Business) Long Term*

Term $1000 – $2,000,000
Mtly Qtly Semi Annual
1 year 3.59 3.60 3.62 3.65
15^ months 3.69 3.70
N/A
N/A^
18^ months 3.83 3.84 3.86 N/A^
2 years 3.93 3.94 3.96 4.00
3 years 4.02 4.04 4.06 4.10
4 years 4.31 4.33 4.35 4.40
5 years 4.51 4.52 4.55 4.60

*Available on Term Deposits to the value of $2m per customer per term.

^ The annual rate shown is for comparison purposes only. Interest payments for 15 month terms are available monthly and quarterly. Interest payments for 18 month terms are available monthly, quarterly and semi-annually.

Information last updated on 16/04/2014.

Tips and Tools

Get more out of your RaboDirect Term Deposit portfolio with the right strategy.

Increase your income

You can choose when your interest is paid with term deposits of a year or more.
This means you can still buy those shoes while saving for your dream holiday because you can get a regular, guaranteed cash flow while still earning higher interest rates on your longer term investments.

Laddering

What is laddering?
If you had $75,000 that you wanted to 'ladder' equally over three years, you'd invest $25,000 into a three-year term, $25,000 into a two-year term, and $25,000 into a one-year term.
As each term matures you invest the funds into a new three-year term deposit.
This strategy means each year a term deposit matures and you can reinvest it for another three-years.
So, you can reap the benefit of higher interest rates in the longer Term Deposits and don't have to lock your entire investment away into one term and one rate.

Bullets

How about the bullet strategy?
In a five-year bullet strategy, you invest a portion of $75,000 in a five-year term deposit, leaving the balance in a High Interest Savings Account.
Each month, as rates fluctuate, you can choose the best one to invest a further portion of your $75,000.
You keep doing this until your full $75,000 is invested making sure each one matures at around the same time as the first one.

One sign up, all our products, anytime

As a RaboDirect customer, when you sign up to one of our products you have access to them all. Now that's convenience.

Call 1800 445 445

You have chosen to open a RaboDirect

Term Deposits Account

Top FAQ's

What do I need to do to open Term Deposit account?

If you are a new customer click Apply Now

If you are an existing customer – log into your account, click on "Open a term deposit" from the Home Page

Is there a minimum amount when opening a Term Deposit

There is a minimum opening deposit of $1000.

How many term deposit accounts can I open?

You can open as many Term Deposits as you like.

What investment periods are available?

You can select from any one of the following terms:
1, 3, 6 or 9 months,
1, 2, 3, 4 or 5 years.

Is there a penalty for breaking my term deposit?

Yes, fees are applicable when breaking a Term Deposit.
Please refer to the term deposit terms and conditions.

What are my options when my Term Deposit matures?

Essentially you have 4 options:

  • Choose to automatically reinvest the original sum (principal) plus the interest you have earned. You can change your mind up to the working day before the Term Deposit matures – so plenty of time. Plus we will give you a Loyalty bonus rate on your reinvestment term for sticking around.
  • Top up the principal with more money and automatically reinvest the lot. You'll still be eligible for the Loyalty bonus on your reinvestment term!
  • Choose to automatically reinvest only the principal into a Term Deposit and treat yourself with the interest you earned. Again you can do this up to one working day before the end of the term and you will still get the Loyalty bonus on your reinvestment term.
  • Don't reinvest and transfer the principal and the interest earned to your HISA.