Term Deposit, Term Deposit Account | Rabobank
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  • 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 1.45% 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
1.50%
2 years
1.25%
3 years
1.15%
4 years
1.35%
5 years
1.45%
Earn 1.45% 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
1.50%
2 years
1.25%
3 years
1.15%
4 years
1.35%
5 years
1.45%
Earn 1.45% 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
1.50%
2 years
1.25%
3 years
1.15%
4 years
1.35%
5 years
1.45%

Get a guaranteed return with our Term Deposit

When you open a new RaboBank 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.

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.

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.

Are there any account keeping fees?

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No, we do not charge any account fees on any savings accounts or Term Deposits. Early termination fees apply to Term Deposits.

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 in' feature if you have allowed direct debit authority on your linked account. You can also transfer funds into any of your HISA or PremiumSaver accounts via electronic funds transfer (EFT) from most Australian accounts using your Rabobank BSB and Account number.

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 Banking App on up to six devices per account. 

Rabobank's latest Food Waste Report reveals that Aussies wasted a whopping $10.1 billion worth of food last year. Check our report on how you can help curb food waste and save in the process.

 

Read the Food Waste Report

Food waste report 2020