RaboDirect Term Deposits
Get a guaranteed return on your savings
Earn up to
fixed interest on a 5 year Term Deposit
- Start with as little as $1,000 and get your interest paid monthly, quarterly, half-yearly or yearly*
- Receive a 0.10% loyalty bonus when you reinvest your Term Deposit before maturity
- Terms from 1 month to 5 years for deposits of $1,000 - $2,000,000
- Manage your term deposit through our secure online banking site and Mobile Banking App
- Your first $250,000 is protected by the Australian Government guarantee^
What our customers are saying...
Talia (NSW), reviewed 3 months ago
Term Deposit rates
Rate (% p.a.)
What’s my rate?
The rates that apply to Term Deposits vary based on the Term and Interest Payment Frequency you choose.
When you automatically reinvest your Term Deposit at maturity, the bonus 0.10% p.a. is applied to the new Term Deposit
About Term Deposits
You will also get a High Interest Savings Account to be your 'primary account'. The HISA will be used to control all your RaboDirect accounts. Your HISA is connected to your Linked account, via which you put money in and take money out of your RaboDirect account(s).
To cancel your Term Deposit, please call us on 1800 445 445, from 10:30am to 2:30pm (Sydney time) Monday to Friday and we will arrange this for you. Please be aware that a 31 day notice period (unless your maturity date is sooner) plus an early termination fee will apply, these are detailed in the Terms and Conditions.
You can open as many Term Deposits as you like with a maximum value of $2 million per Term Deposit.
Get started with a RaboDirect Term Deposit
When you open a new RaboDirect account, you'll automatically get a High Interest Savings Account in your savings portfolio, ready when you need it.
1. Apply using our
2. Link your
3. Fund your new Term Deposit
4. Get our mobile