Term Deposit Account | Rabodirect Australia

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.

Personal
SMSF

Earn 2.50% 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.

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

Term Deposit rates

Term

Interest rate (% p.a.)

1 year

2.30%

2 years

2.30%

3 years

2.40%

4 years

2.45%

5 years

2.50%

Earn 2.50% 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.

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

Term Deposit rates

Term

Interest rate (% p.a.)

1 year

2.30%

2 years

2.30%

3 years

2.40%

4 years

2.45%

5 years

2.50%

Earn 2.50% 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.

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

Term Deposit rates

Term

Interest rate (% p.a.)

1 year

2.30%

2 years

2.30%

3 years

2.40%

4 years

2.45%

5 years

2.50%

The most commonly asked questions

How many Term Deposits can I open?

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?

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

Is there a maximum amount for a Term Deposit?

Yes, there's a max amount of $2m per Term Deposit period

How will I know when my grace period expires?

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?

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?

Yes, fees are applicable. Please refer to the Terms and Conditions for details.

Can the interest rate change?

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?

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?

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.