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Rabobank Term Deposit

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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.

Up to 1% p.a.

Interest rate

60 months interest rate

$1,000

Minimum opening deposit

$0

Account keeping fee

$2,000,000

Maximum deposit

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Details

Product NameRabobank Online Savings Term Deposit
3 month interest rate0.70%
6 month interest rate0.80%
9 month interest rate0.90%
12 month interest rate0.80%
24 month interest rate0.80%
36 month interest rate0.80%
48 month interest rate0.90%
60 month interest rate1.00%
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

  1. 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 plus 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, you may refer this page.

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

      Hope this helps!

      Best,
      Nikki

  2. 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

  3. 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 RaboDirect Term Deposit is for ages 16 and up. You can go to this page to compare savings accounts for your son. 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

  4. 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

  5. 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

  6. Default Gravatar
    Sue
    April 3, 2017

    Is the 2.6% TD for 6 months available to business?

    • Avatarfinder Customer Care
      Dee
      April 4, 2017

      Hi Sue,

      Thanks for your question.

      The RaboDirect Term Deposit is for individual account holders only.

      If you are looking for a business term deposit account, you may compare your options on this page.

      Cheers,
      Anndy

  7. Default Gravatar
    David
    October 31, 2016

    Is this rate available to Self Managed Superfund

    • Avatarfinder Customer Care
      Clarizza
      November 1, 2016

      Hi David,

      Thanks for your question.

      Please be aware there is a separate rate for SMSFs. More information can be found on our RaboDirect SMSF page.

      Regards,
      Clarizza

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