You can open as many Term Deposits as you like with a maximum value of $2 million per term.
Yes, there is a minimum opening deposit of $1,000 for all our Term Deposits.
Yes, there's a max amount of $2m per Term Deposit period
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.
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.
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.
You can transfer funds into your High Interest Savings Account (HISA) 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 on 1800 445 445, Monday to Friday between 8am and 7pm.
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.