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*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
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:
To be eligible as a Partnership, the partnership must:
These testimonials were provided as part of our 2025 Farm2Fork competition, where clients shared why they love banking with Rabobank and supporting Australian farmers.
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.
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.
Yes, there is a minimum opening deposit of $1,000 for all our Term Deposits.
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.
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.
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.
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.
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.
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 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.
You can also transfer funds into any of your High Interest Savings Account (HISA) or PremiumSaver accounts via:
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.
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.
To withdraw your Term Deposit funds before maturity you’ll need to provide us with 31 days’ notice and pay an early withdrawal fee.
Monthly interest payments are available on terms of 18 months, 1,2,3,4 and 5 years. 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. Any advice provided is of a general nature only and has been prepared without taking into account your objectives, financial situation or needs. Consider the relevant disclosure documents and terms and conditions for these products, including the Product Disclosure Statement for the Notice Saver Account (all available at www.rabobank.com.au, Rabobank branches or by calling 1300 30 30 33) along with your personal objectives, financial situation and needs before making any financial decisions.
