Term Deposit Up to
*Fixed interest on a 1 year Term Deposit with interest paid at maturity for balances between $500,000.01 to $2,000,000. Early withdrawal fees apply.
Fixed interest for balances of $500,000.01 to $2,000,000. Interest paid at maturity
Fixed interest for balances of $500,000.01 to $2,000,000. Interest paid at maturity
Fixed interest for balances of $500,000.01 to $2,000,000. Interest paid annually
Ready to start saving?
Rabobank’s Online Savings Business Account is currently available to proprietary companies, sole traders and partnerships, that meet specific eligibility criteria.
Expand the relevant sections below to find out more.
To be eligible as a Company, the business must:
- Be incorporated in Australia and registered with the Australian Securities and Investments Commission (ASIC)
- Operate as an active / passive non-financial entity
- An active non-financial entity is an operating business where less than 50% of the entity's gross income in the preceding year is passive income (e.g., interest, dividends, rents) and less than 50% of the entity’s assets are held for the production of passive income
- A passive non-financial entity is an entity in which more than 50% of its gross income consists of passive income and more than 50% of its assets are held for the purpose of generating such income
- Have all Directors and Shareholders who are tax residents of, and physically residing in, Australia
- Ensure that all Directors are also Shareholders, with each Shareholder holding at least 25% of the company’s shares
- Have all shares beneficially held by individual Shareholders in their personal capacity (i.e., shares must not be held by a trust or other entity)
- Be 18 years old or older
- Be the sole owner and controller of the business, with no legal separation between the individual and the business entity;
- Hold an Australian bank account in the name of the Sole Trader with another financial institution
- Be an Australian tax resident and reside in Australia
To be eligible as a Partnership, the partnership must:
- Be governed by a written partnership agreement, established in Australia
- Have an Australian bank account in the name of the Partnership with another Financial Institution
- Have a maximum of 6 partners who are all natural persons and 18 years or older
These testimonials were provided as part of our 2025 Farm2Fork competition, where clients shared why they love banking with Rabobank and supporting Australian farmers.
Need to withdraw funds early?
To withdraw your Term Deposit funds before maturity you’ll need to provide us with 31 days’ notice and pay an early withdrawal fee. Find out more here.
Support
Rabobank prides itself on delivering exceptional customer service to every client. Our people are ready to listen and help you with any queries you may have about banking with us.
Term deposits offer fixed interest rates so your rate will not change during the term. After your term deposit matures and if it is reinvested the new rate may be different. For current interest rates, please visit the relevant entity's interest rates page via the website menu.
It is a condition of these Term Deposits that a 31 day notice period apply. The product has been designed in this way in order to obtain certain treatment under banking regulations governing how banks manage their cashflows and liquidity.
You will receive the 0.10% term deposit loyalty bonus at rollover when you set your account to automatically reinvest your full deposit amount (the principal) at least one business day prior to the maturity date. You will not be eligible for the loyalty bonus if you withdraw funds at maturity and if your deposit rolls into your HISA or other at-call savings account.
Read our terms & conditions before making investment decisions. The Target Market Determination for Term Deposit is available here.
You can also transfer funds into any of your High Interest Savings Account (HISA) or PremiumSaver accounts via:
- Electronic funds transfer (EFT) from most Australian accounts using your Rabobank BSB and account number
- Using the 'Transfer money’ feature via both Internet and Mobile Banking if you have direct debits enabled.
To enable direct debit functionality please contact our Sydney based team directly via the Rabobank mobile app. You can learn more here.
Alternatively, you can call us on 1800 445 445, Monday to Friday between 6am and 8pm.
Yes, an early withdrawal fee, equivalent to reducing your interest rate will apply. Note that you will need to also provide us with 31 days’ notice to access your funds before maturity.
For an early withdrawal from a Term Deposit, the early withdrawal fee will be an amount which will be equivalent to reducing the interest rate on your Term Deposit according to the following calculation:
| % of Term Elapsed at Withdrawal Date | Reduction to interest rate applying to the Term Deposit |
| Less than 20% | 80% |
| 20%<40% | 60% |
| 40%<60% | 40% |
| 60%<80% | 20% |
| 80%<100% | 10% |
Example: You have a $20,000 Term Deposit invested for 365 days at 2.50%p.a. and you break it after 210 days. The interest that has been earned
or accrued is: $20,000 x 2.50%p.a. x 210 / 365 = $287.67.
To determine the reduced interest rate to apply we divide the elapsed term of 210 days by the full term of 365 days to get an elapsed term percentage
figure of 57.53%. In accordance with the above table, as the term elapsed is between 40-60%, we will apply a 40% reduction to the 2.50%p.a.
calculated as follows: 2.50%p.a. – (2.50% x 40%) = 1.50%p.a.
Interest calculated using the new reduced interest rate is: $20,000 x 210 days x 1.50% / 365 = $172.60.
The interest adjustment is therefore: $287.67 - $172.60 = $115.07, which will be reflected in the early withdrawal fee.
For terms of up to 1 year, interest is paid at maturity. For terms of 1 to 5 years, interest can be paid monthly, quarterly, semi-annually and annually depending on interest payment frequency available and selected. For example, a 15 month Term Deposit may pay interest monthly and quarterly (but not semi-annually) and the 18 month term may pay interest monthly, quarterly and semi-annually.
We will notify you prior to maturity advising you of the start and end dates of your 7 day grace period. Please ensure your contact details are current so that you will receive these notifications.
Yes, there's a maximum amount of $2 million per term.
If you’d like to invest more than $2 million, please email our Relationship Deposits Team at rabodeposits@rabobank.com.
Yes, there is a minimum opening deposit of $1,000 for all our Term Deposits.
You can open as many Term Deposits as you like with a maximum value of $2 million per term.
Yes, you can download and register the Rabobank Online Savings app on up to 5 devices.
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.
Things you should know & important documents
For full terms and conditions click below
For full target market determination click below
For full rollover information click below
For full information about accessing Term Deposit funds click below
*Interest rate shown apply to Term Deposits where interest is paid at maturity. If you choose to have interest paid more monthly, quarterly or half yearly, the applicable rate will be lower. Excludes 0.10% loyalty bonus. Early termination fees apply.
**A 0.10% loyalty bonus applies when a Term Deposit you choose to automatically reinvest at least one business day before maturity.
~Interest paid at maturity for terms up to 12 months. Annual interest payments are available on terms of 2, 3, 4 and 5 years. Semi-annual interest payments are available on terms of 18 months, 1, 2, 3, 4 and 5 years. Quarterly interest payments are available on terms of 15 and 18 months, 1, 2, 3, 4 and 5 years. Monthly interest payments are available on terms of 18 months, 1, 2, 3, 4 and 5 years.
To withdraw your Term Deposit funds before maturity you’ll need to provide us with 31 days’ notice and pay an early withdrawal fee.
Disclaimer
Any advice provided has been prepared without taking into account your objectives, financial situation or needs. Please consider if this advice is appropriate for you before acting on it.
Unless otherwise specified, Rabobank Australia Limited ABN 50 001 621 129, AFSL 234 700 is the issuer of the products and services described on this page. For the Notice Saver, please read the product disclosure statement (PDS) at www.rabobank.com.au/support/legal and target market determination (TMD) at www.rabobank.com.au/tmds when considering whether to acquire or to continue to hold the product.
If you have any questions or require any assistance, you can call us on 1800 445 445.
