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 6.00 p.a. Choose a term that suits you, from 1 month - 5 years
Start with as little as $1,000
All rates available for Businesses, DIY Super and our new SMSF Online accounts
More features...
Interest paid monthly, quarterly, half yearly or yearly
Automatic reinvestment capability
Open as many term deposits as you like
Flexible investment strategies
Set and forget investment options
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.
Based on $1,000 deposit
| Institution | 1 mth | 3 mths | 6 mths | 9 mths | 1 yr | 15 mths^ | 18 mths^^ | 2 yrs | 3 yrs | 4 yrs | 5 yrs |
|---|
RaboDirect
Open account | 4.00 | 5.10 | 5.40 | 5.40 | 5.45 | 5.25^ | 5.20^^ | 5.10 | 5.30 | 5.50 | 6.00 |
| BOQ | 0.40 | 1.00 | 1.10 | 1.20 | 1.25 | 1.25 | 1.25 | 1.25 | 1.25 | 1.25 | n/a |
| St George Bank | 2.55 | 3.25 | 4.85 | 5.00 | 4.60 | n/a | n/a | 4.80 | 4.80 | 4.80 | 5.20 |
| Suncorp | 2.05 | 2.50 | 2.80 | 1.50 | 2.60 | n/a | n/a | 2.60 | 2.70 | 2.80 | 2.90 |
| U Bank | 3.36 | 5.61 | 6.01 | 5.61 | 5.81 | n/a | n/a | n/a | n/a | n/a | n/a |
^ 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 10/05/2012. Rates shown above are the nominal interest rates. The interest rates listed here are for deposits up to $2 million. For rates on deposits over $2 million please call us on 1800 445 445. Source: Infochoice
Based on $10,000 deposit
| Institution | 1 mth | 3 mths | 6 mths | 9 mths | 1 yr | 15 mths^ | 18 mths^^ | 2 yrs | 3 yrs | 4 yrs | 5 yrs |
|---|
RaboDirect
Open account | 4.00 | 5.10 | 5.40 | 5.40 | 5.45 | 5.25^ | 5.20^^ | 5.10 | 5.30 | 5.50 | 6.00 |
| AMP | n/a | 5.05 | 5.30 | 5.20 | 5.00 | n/a | 4.85 | 4.90 | 4.95 | 3.55 | 5.20 |
| ANZ | 2.50 | 4.75 | 5.00 | 2.50 | 4.75 | 4.75 | 2.50 | 5.10 | 5.10 | 5.10 | 5.40 |
| Bankwest | 3.75 | 5.40 | 5.20 | 3.75 | 5.00 | n/a | n/a | 5.00 | 5.05 | 5.20 | 5.30 |
| BOQ | 4.30 | 5.30 | 5.60 | 4.30 | 5.30 | 5.30 | 5.30 | 5.30 | 5.30 | 4.80 | n/a |
| CBA | 3.20 | 4.90 | 4.90 | 3.20 | 4.90 | 4.90 | 4.90 | 4.60 | 4.90 | 4.90 | 5.30 |
| Citibank** | 5.20 | 4.60 | 4.50 | 4.95 | 4.80 | n/a | n/a | 4.75 | 4.85 | 5.05 | 5.15 |
| ING Direct | 3.75 | 5.10 | 5.30 | 5.30 | 5.00 | n/a | n/a | 5.00 | | | |
| NAB | 3.15 | 5.00 | 5.00 | 4.00 | 5.00 | n/a | n/a | 5.00 | 5.10 | 5.20 | 5.30 |
| St George Bank | 2.55 | 3.25 | 5.35 | 5.50 | 5.10 | n/a | n/a | 5.30 | 5.30 | 5.30 | 5.70 |
| Westpac | 2.55 | 5.00 | 3.65 | 5.20 | 5.00 | 5.00 | 5.00 | 5.20 | 5.20 | 5.30 | 5.70 |
| Ubank | 3.36 | 5.21 | 5.61 | 5.24 | 5.41 | n/a | n/a | n/a | n/a | n/a | n/a |
The above rates show interest calculated annually. The annual rate for 15month and 18months is for comparison 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.
**Citibank special rates between $10K - $1M for new money
Information last updated on 10/05/2012. Rates shown above are the nominal interest rates. The interest rates listed here are for deposits up to $2 million. For rates on deposits over $2 million please call us on 1800 445 445.
Source: Infochoice
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.
Flexible interest payment options
Check out our table for the most up to date rates.
We've also got a handy little calculator so you can work out exactly how much your savings could be earning.
All your interest is paid directly into your nominated RaboDirect account, which makes it nice and easy for you.
Term Deposit Rates
Term Deposits (Personal and Business) Short Term* |
|---|
| Term | $1000 – $2,000,000 |
| 1 month | 4.00 |
| 3 months | 5.10 |
| 6 months | 5.40 |
| 9 months | 5.40 |
Term Deposits (Personal and Business) Long Term* |
|---|
| Term | $1000 – $2,000,000 |
| | Mtly | Qtly | Semi | Annual |
| 1 year | 5.32 | 5.34 | 5.38 | 5.45 |
| 15^ months | 5.13 | 5.15 | N/A | 5.25^ |
| 18^ months | 5.08 | 5.10 | 5.13 | 5.20^ |
| 2 years | 4.98 | 5.01 | 5.04 | 5.10 |
| 3 years | 5.18 | 5.20 | 5.23 | 5.30 |
| 4 years | 5.37 | 5.39 | 5.43 | 5.50 |
| 5 years | 5.84 | 5.87 | 5.91 | 6.00 |
* 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 10/05/2012.
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.
