Rabobank Term 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.

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Details

Product NameRabobank Term Deposit
3 month interest rate0.45%
6 month interest rate0.75%
9 month interest rate0.50%
12 month interest rate0.75%
24 month interest rate0.50%
36 month interest rate0.50%
48 month interest rate1.05%
60 month interest rate1.25%
Minimum Opening Deposit$1,000
Minimum Age Requirement16

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

Eligibility

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.

FAQ

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14 Comments

    Default Gravatar
    Toni
    May 21, 2019

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

      Default Gravatar
      Nikki
      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!

      Best,
      Nikki

    Default Gravatar
    Peter
    April 16, 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?

      Avatarfinder Customer Care
      Charisse
      April 17, 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.

      Cheers,
      Charisse

    Default Gravatar
    Dennis
    March 12, 2019

    My son is 13 and would like to open the account in his name, how do I do this

      Default Gravatar
      Nikki
      March 13, 2019

      Hi Dennis,

      Thanks for reaching out!

      The Rabobank Term Deposit is for ages 16 and up. You may compare kids’ savings accounts for your son. You can use our comparison table to help you find the account that suits you. When you are ready, press the ‘Go to site’ button to apply. As a friendly reminder, review the eligibility criteria of the account and read the terms and conditions before applying.

      Hope this was helpful. Don’t hesitate to message us back if you have more questions.

      Best,
      Nikki

    Default Gravatar
    Kerrie
    January 7, 2019

    To what amount are Rabo term deposits government guaranteed? Thank you.

      Avatarfinder Customer Care
      Jhez
      January 7, 2019

      Hi Kerrie,

      Thank you for your comment.

      The Government guarantee protects the first $250,000 of all deposits held with Rabobank.

      Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.

      Regards,
      Jhezelyn

    Default Gravatar
    Marcus
    May 14, 2017

    To open up the term deposit with RaboDirect, do I need to have an everyday account with them or can I just choose to go with term deposit option? Thanks.

      Avatarfinder Customer Care
      May
      May 14, 2017

      Hi Marcus,

      Thank you for your inquiry.

      Even if you do not have an everyday account yet with RaboDirect, you can still apply and open a RaboDirect Term Deposit. Just make sure though that you meet all the requirements set out above in the “How to apply” tab. As mentioned in the requirements, you would need to provide the BSB and account number for a non-RaboDirect bank account in your name with an Australian financial institution.

      If you think you are eligible and ready, please click on the green “Go to site” button above to open the account.

      Cheers,
      May

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