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Our new 'Rabobank Online Savings AU’ Mobile App is available now on the App store or Google Play. Please note, you will need your Digipass for the first time you register the new app. You can delete or uninstall your existing RaboDirect mobile app as it will no longer operate. For more information visit Rabobank.com.au/OneBank.
RaboDirect
 
  • 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 automatically 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^

~Monthly, quarterly and half yearly interest only applies to terms 12 months or more.
^ The guarantee protects the first $250,000 of all deposits held with Rabobank.

Smart Investor Best Term Deposit 2015 mozo experts choice 2017 term deposit
Earn 3.00% P.A#

fixed interest on a 5 year Term Deposit.

OPEN A TERM DEPOSIT

  • Existing customers can login and simply add a Term Deposit to their savings portfolio.
LOGIN See all our Term Deposit rates for personal

#Interest paid annually. Early termination fees apply. Excludes 0.10% loyalty bonus.

Term Deposit rates

Term
Interest rate (% p.a.)
1 year
2.50%
2 years
2.65%
3 years
2.70%
4 years
2.85%
5 years
3.00%
Earn 3.00% P.A#

fixed interest on a 5 year Term Deposit.

OPEN A TERM DEPOSIT

  • Existing customers can login and simply add a Term Deposit to their savings portfolio.
LOGIN See all our Term Deposit rates for business

#Interest paid annually. Early termination fees apply. Excludes 0.10% loyalty bonus.

Term Deposit rates

Term
Interest rate (% p.a.)
1 year
2.50%
2 years
2.65%
3 years
2.70%
4 years
2.85%
5 years
3.00%
Earn 3.00% P.A#

fixed interest on a 5 year Term Deposit.

OPEN A TERM DEPOSIT

  • Existing customers can login and simply add a Term Deposit to their savings portfolio.
LOGIN See all our Term Deposit rates for SMSF

#Interest paid annually. Early termination fees apply. Excludes 0.10% loyalty bonus.

Term Deposit rates

Term
Interest rate (% p.a.)
1 year
2.50%
2 years
2.65%
3 years
2.70%
4 years
2.85%
5 years
3.00%

Get a guaranteed return with our Term Deposits

When you open a new Online Savings account, you'll also automatically get a High Interest Savings Account in your savings portfolio, ready when you need it.

Apply online

1. Apply using our online form

Link your bank account

2. Link your everyday account

Download our mobile app

3. Get our mobile banking app

Start saving

4. Start your savings plan

The most commonly asked questions

How many Term Deposits can I open?

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You can open as many Term Deposits as you like with a maximum value of $2 million per term.

Are there any account keeping fees?

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No, Rabobank does not charge any account keeping fees on any Online Savings Accounts. 

Is there a minimum amount required to open a Term Deposit?

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Yes, there is a minimum opening deposit of $1,000 for all our Term Deposits.

Is there a maximum amount for a Term Deposit?

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Yes, there's a max amount of $2m per Term Deposit period

How will I know when my grace period expires?

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We will notify you prior to maturity advising you of the start and end dates of your grace period. Please ensure your contact details are current so that you will receive these notifications.

When is interest paid on a Term Deposit?

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For investment periods of less than 1 year, interest is paid on the maturity of the Term Deposit. For investment periods of 1 to 5 years, interest can be paid monthly, quarterly, semi-annually and annually depending on interest payment frequency selected.

Is there a penalty for breaking my Term Deposit?

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Yes, fees are applicable. Please refer to the Terms and Conditions for details.

How do I transfer funds into my Rabobank Online Savings account?

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You can transfer funds into your High Interest Savings Account (HISA) using the 'Transfer and pay' button if you have allowed direct debit authority on your linked account. You can also transfer funds into any of your Online Savings HISA or PremiumSaver accounts via electronic funds transfer (EFT) from most Australian accounts using your Online Savings (RaboDirect) BSB and Account number.

Can the interest rate change?

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Yes, interest rates offered on our High Interest Savings Account, Purpose Saver, Notice Saver and PremiumSaver are variable and may change. Our Term Deposits have fixed rates.

We'll always let you know when the interest rates change.

Can I install the app on more than one phone or tablet?

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Yes, you can download and register the Rabobank Online Savings Mobile app on up to six devices per account.  

RaboDirect Financial Health Barometer 2016 Report

2016 Food and Farming Report

A great way to reduce your household food wastage and save money.

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How to start a savings plan

Every year, Australians scrape $10 billion off their plates into the garbage. We’re not only wasting food but the resources that went into producing that food and the hard earned dollars used to pay for the goods. That’s the bad news. The good news?

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The correlation between Money, health & happiness

Worrying about money can affect your health, happiness and relationships, according to Dr. Timothy Sharp, a clinical psychologist and happiness expert.

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Rabobank’s 2016 Financial Health Barometer reveals when we take responsibility for our finances through careful planning, we waste less, save more and improve our financial wellbeing.

Waste less and save more with a fixed rate Term Deposit

DOWNLOAD THE REPORT

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