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.

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

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:

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.

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. Please check our website for interest rates here.

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

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 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, you can download and register the Rabobank Online Savings app on up to 5 devices.