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RaboDirect
 

Term Deposits

Get a guaranteed return on your savings with Term Deposits ranging from 1 month to 5 years.

Open a term deposit

Smart Investor Best Term Deposit 2015 Mozo Experts Choice 2016 - Long Term DepositMozo Experts Choice 2016 - SMSF Long 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^

~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.

What our customers are saying...

Overall rating 9 / 10 'Secure, online, great rates - what's not to love?'
'This product had the best interest rates that were available at time of term start. Although there are no physical branch locations in my local area, I have had no need for one due to the highly efficient online and phone services! This is a highly secure banking organisation that I would recommend to anyone.'
Talia (NSW)

Overall rating 9 / 10 'Competitive rates and fantastic customer service'
'Excellent banking features online - quick and easy to use - very secure - customer service is outstanding - they will always try and accommodate our needs.'
Marina (SA)

Information last updated on 11/05/2016.
Mozo does not receive a commission or fee from Rabobank for displaying reviews on this site. A complete set of reviews can be found on Mozo’s site.



Earn

3.30% 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
2.70%

2 years
2.90%

3 years
3.00%

4 years
3.05%

5 years
3.30%

Information last updated on 11/8/2016

Earn

3.30% 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
2.70%

2 years
2.90%

3 years
3.00%

4 years
3.05%

5 years
3.30%

Information last updated on 11/8/2016

Earn

3.30% 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 & trust

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

Term Deposit rates

Term
Interest rate (% p.a.)

1 year
2.70%

2 years
2.90%

3 years
3.00%

4 years
3.05%

5 years
3.30%

Information last updated on 11/8/2016


RaboDirect’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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Get a guaranteed return with our Term Deposit

When you open a new RaboDirect 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

Apply now

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 Deposit.

Are there any account keeping fees?

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No, RaboDirect does not charge any account fees on any savings accounts or Term Deposits. 

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 RaboDirect account?

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You can transfer funds into your High Interest Savings Account (HISA) using the 'Transfer in' feature if you have allowed direct debit authority on your linked account. You can also transfer funds into any of your RaboDirect HISA or PremiumSaver accounts via electronic funds transfer (EFT) from most Australian accounts using your 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 RaboDirect Mobile Banking App on up to six devices per account. 

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