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Term Deposits

Get a guaranteed return on your savings

Start with as little as $1,000 and get your interest paid monthly, quarterly, half yearly or yearly.

Open a Term Deposit

Lock in a great rate in 3 easy steps

  1. Fill out a simple online application form
  2. Choose the Term Deposit you’d like to start with
  3. Link your everyday bank account with your RaboDirect account and transfer your Term Deposit funds

How a Term Deposit helps you

  • Low risk investment that guarantees what you’ll get out, before you put your savings in
  • Increase your return by reinvesting the money for a second term and earn a loyalty bonus rate
  • A reminder when the term matures to keep you in control
  • Use online banking or our Mobile Banking App to manage your money

The nuts and bolts of Term Deposits

  • Fixed rate of interest
  • Choose a term that suits you, from 1 month to 5 years
  • Choose how often you’d like to have your interest paid into your High Interest Savings Account or PremiumSaver
  • Flexible reinvestment options that can be changed up until the working day before the Term Deposit matures

  • Get a High Interest Savings Account that acts as your savings hub so you can transfer money
  • Automatically reinvest the full amount before it matures and you get a 0.10% loyalty bonus on your reinvested Term Deposit
  • Minimum investment of $1,000
  • No establishment and monthly service fees

Term Deposit rates


Rate (% p.a.)

1 year

2 years

3 years

4 years

5 years

Information last updated on 13/6/2015

What's my rate?

What’s my rate

To see the exact interest rate your savings are earning right now, log in to online banking and click "view rates" next to your account on the home page.

To see how much your total savings have earned, just scroll down the page once you have logged in

See all our Term Deposit interest rates

Interest is paid annually