In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • FAQ
  • Your reviews
  • Ask a question
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Rabobank Term Deposit
Interest rate 60 months interest rate
Up to 4.9% p.a.
Minimum opening deposit
Account keeping fee
Maximum deposit


Choice of term lengths from 1 month to 5 years with competitive fixed interest rates and a small opening deposit of $1,000.

The Rabobank term deposit has a small opening deposit requirement and a large choice of term lengths. If you automatically reinvest your deposit when your term reaches maturity, you'll be rewarded with a 0.10% p.a. loyalty bonus rate. Plus, your deposit up to $250,000 with Rabobank is protected under the Australian Government Guarantee.


  • $0 Account keeping fees
  • Loyalty bonus rate of 0.1% p.a. available when reinvesting
  • Flexible terms from 1 month to 5 years
  • Small minimum investment of $1,000


  • 31 days advance notice required in case of withdrawing funds before maturity

In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • FAQ
  • Your reviews
  • Ask a question


Key details

Product Name Rabobank Term Deposit
3 month interest rate 4.80%
6 month interest rate 4.85%
9 month interest rate 4.70%
12 month interest rate 4.75%
24 month interest rate 4.40%
36 month interest rate 4.40%
48 month interest rate 4.60%
60 month interest rate 4.90%
Minimum Opening Deposit $1,000
Minimum age requirement 16
Government guarantee Yes


Minimum Age Requirement 16
Joint account availability Yes
Min Deposit $1,000
Available to children Not available for children under 16 years of age

Key features

Small minimum investment amount of $1,000

You are required to make an investment of at least $1,000 into your term deposit.

$0 Monthly account keeping fees

There are no monthly account keeping fees taking away from your savings with Rabobank's term deposit.

Launch term deposit calculator

How to apply


The first page of the application is going to ask that you are able to meet the following eligibility conditions:

  • Minimum age. Applicants must be at least 16 years of age.
  • Residency requirements. You must be an Australian resident for tax purposes with a residential address in Australia.


Your reviews

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Alison Finder


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May 02, 2023

I have a Rabobank High Interest Account. Does the Government Guarantee apply to a new Rabo deposit account?


Alison Banney Finder

May 02, 2023

Hi Stephen, you’ll be covered for your first $250k (even if this is spread across several different accounts with the bank). The guarantee is per person per ADI, not per account.


Mark Rogers

October 21, 2022

Is Rabo known as authorised deposit-taking institutions or ADIs

And covered under the Australian Government Financial Claims Scheme


Alison Banney Finder

November 11, 2022

Hi Mark,

Yes, Rabobank is an authorised deposit-taking institution (ADI) covered by the Australian Government Guarantee under the Government’s Financial Claims Scheme (FCS).





June 24, 2022

If I take out a 12 month term deposit with $100,000 and I decide to withdraw after 6 months giving 31 days notice, will the interest on the amount withdrawn be reduced.


Alison Banney Finder

July 09, 2022

Hi John,

If you withdraw early or break your Rabobank Term Deposit prior to maturity, you will be required to provide at least 31 calendar days’ notice. An early withdrawal fee will be applied unless it is determined that you are suffering financial hardship.

The early withdrawal fee will be an amount which will be equivalent to reducing the interest rate on your Term Deposit according to their preset calculation.

You can refer to the Terms and Conditions for details.

I hope this helps!



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May 21, 2019

Is my money secure? The amount I invest is the same as I get back plus interest.


Nikki Angco

May 22, 2019

Hi Toni,

Thanks for your inquiry.

When you invest your money into any term deposit account, you will get your money back including the declared interest rate you earn after the maturity date. You also get a loyalty bonus rate of 0.1% p.a. available when you reinvest your money.

Rabo Direct is protected by the government guarantee for the first $250,000 of all deposits held with Rabobank. To know how banks protect your money, please refer to our Australian Government Guarantee Scheme guide.

As a friendly reminder, review the eligibility criteria and read up on the terms and conditions of the account before applying. Feel free to reach out to the bank if you need any clarifications.

Hope this helps!



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April 15, 2019

I have $4.4million to invest in a term deposit from 19th April and I am looking at your 6 month rate of 2.85%. Can I invest the amount in a company name or does it have to be in a personal name?


Charisse Finder

April 16, 2019

Hi Peter,

Thanks for reaching out to Finder.

Yes, you can open a business term deposit account with RaboDirect. They allow business owners to have one High Interest Savings Account, one PremiumSaver, 3 Notice Saver accounts (1 for each Notice period) and as many Term Deposits as they like.

Please note though, that there are also customers they are unable to offer savings accounts to including (but not limited to) wholesale depositors, professional investment entities and charities.

I hope this helps.



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