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 5.10%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 (5.00%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 5.00 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
| RaboDirect | 3.35 | 3.55 | 3.65 | 3.65 | 3.70 | N/A^ | 4.05 | 4.30 | 4.60 | 5.00 |
| 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 | 3.35 |
| 3 months | 3.55 |
| 6 months | 3.65 |
| 9 months | 3.65 |
Term Deposits (Personal and Business) Long Term* |
|---|
| Term | $1000 – $2,000,000 |
| | Mtly | Qtly | Semi | Annual |
| 1 year | 3.64 | 3.65 | 3.67 | 3.70 |
| 15^ months | 3.74 | 3.75 | N/A | N/A^ |
| 18^ months | 3.88 | 3.89 | 3.91 | N/A^ |
| 2 years | 3.98 | 3.99 | 4.01 | 4.05 |
| 3 years | 4.22 | 4.23 | 4.25 | 4.30 |
| 4 years | 4.51 | 4.52 | 4.55 | 4.60 |
| 5 years | 4.89 | 4.91 | 4.94 | 5.00 |
*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 05/03/2013.
Tips and Tools
Get more out of your RaboDirect Term Deposit portfolio with the right strategy.
Strategy 1
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.
Strategy 2
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.
Strategy 3
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.
