Put your super savings in a safe place and enjoy guaranteed returns with a Rabobank Term Deposit for self-managed super funds (SMSFs).
A term deposit offers secure, guaranteed returns on your savings, providing a safe and reliable investment opportunity for your SMSF. Although commonly associated with personal and business banking customers, SMSFs can also take out term deposits, allowing them to build a bigger fund balance. The Rabobank Term Deposit combines competitive interest rates with terms ranging from one month to five years.
Up to 0.8% p.a.
Interest rate
60 months interest rate
$1,000
Minimum opening deposit
$2,000,000
Maximum deposit
We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
The rates displayed above are interest rates paid at maturity only. We endeavour to ensure that the information on this site is current and accurate but you should confirm any information with the product or service provider and read the information they can provide.
Minimum Age Requirement
18
Joint account availability
Yes
Min Deposit
$1,000
Available to children
Not available for children
Pros
Guaranteed interest rate of 0.8% for fixed period of 5 years
Alison Banney is the banking and investments editor at Finder. She has written about finance for over seven years, with her work featured on sites including Yahoo Finance, Money Magazine and Dynamic Business. She has previously worked at Westpac, and has written for several other major banks including BCU, Greater Bank and Gateway Credit Union. Alison has a Bachelor of Communications from Newcastle University, with a double major in Journalism and Public Relations. She has ASIC RG146 compliance certificates for Financial Advice, Securities and Managed Investments and Superannuation. Outside of Finder, you’ll likely find her somewhere near the ocean.
Key features
Fixed interest rate: Up to 0.6% p.a. for 6 months
The Rabobank Term Deposit provides a competitive fixed interest rate so that you can enjoy guaranteed, predictable returns on the money you invest. The interest rate you receive varies based on the term you select.
Terms from one month to five years
This account is available with terms ranging from one month to five years, allowing you to choose the investment period that best suits the financial needs of your SMSF.
Minimum deposit of just $1,000
The Rabobank Term Deposit requires you to deposit at least $1,000 in order to open an account. The maximum deposit limit is $2 million.
Interest payment options
If you choose a Rabobank Term Deposit with a term of 12 months or more, you can choose to have your interest paid at any of the following intervals: monthly, quarterly, half-yearly or yearly.
Manage your money online
SMSF customers can manage their Term Deposit online through Rabobank's secure Internet banking website and mobile banking app. Compare other Rabobank products.
10% loyalty bonus
When your term deposit matures, you have the option to roll your funds over into a new term deposit. Customers who choose to do so will receive a 0.10% p.a. interest rate bonus to reward their loyalty.
To complete the online application you will need to do the following:
Have an existing SMSF. You will need to choose the relevant option (SMSF) at the start of the application.
Open a Business High Interest Savings Account. This comes with all Rabobank accounts to help you transfer funds. It does not charge any ongoing fees.
Eligibility
You must meet all eligibility criteria, but they vary depending on the type of account you are applying for. For SMSF applications, your SMSF must meet the following requirements:
Be registered. Your super fund must be registered in Australia and have an Australian Business Number (ABN) for tax purposes.
Have a bank account. Your super fund must have a bank account in its name with another financial institution.
Documentation needed
In addition, you, the authorised signatory, must be over 18 years of age and an Australian resident for tax purposes. You will also need to provide the following details and documentation to successfully complete the application:
Account details. Rabobank requires the BSB and account number of an existing account the SMSF holds with another financial institution.
Name and ABN. You must supply the name and ABN of the SMSF.
Tax File Number (TFN). You will need to supply the TFN or exemption of the super fund.
Your details. You must provide the full details of the individual or company acting as the SMSF trustee.
The Rabobank Term Deposit offers a competitive interest rate, a wide range of terms and the security of guaranteed returns. Compare it with other term deposit accounts to find the right place to invest funds for your SMSF.
How likely would you be to recommend finder to a friend or colleague?
0
1
2
3
4
5
6
7
8
9
10
Very UnlikelyExtremely Likely
Required
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
Important information about this website
finder.com.au is one of Australia's leading comparison websites. We compare from a wide set of banks, insurers and product issuers. We value our editorial independence and follow editorial guidelines.
finder.com.au has access to track details from the product issuers listed on our sites. Although we provide information on the products offered by a wide range of issuers, we don't cover every available product or service.
Please note that the information published on our site should not be construed as personal advice and does not consider your personal needs and circumstances. While our site will provide you with factual information and general advice to help you make better decisions, it isn't a substitute for professional advice. You should consider whether the products or services featured on our site are appropriate for your needs. If you're unsure about anything, seek professional advice before you apply for any product or commit to any plan.
Products marked as 'Promoted' or 'Advertisement' are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product. You can learn more about how we make money here.
When products are grouped in a table or list, the order in which they are initially sorted may be influenced by a range of factors including price, fees and discounts; commercial partnerships; product features; and brand popularity. We provide tools so you can sort and filter these lists to highlight features that matter to you.
We try to take an open and transparent approach and provide a broad-based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labelling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
Providing or obtaining an estimated insurance quote through us does not guarantee you can get the insurance. Acceptance by insurance companies is based on things like occupation, health and lifestyle. By providing you with the ability to apply for a credit card or loan, we are not guaranteeing that your application will be approved. Your application for credit products is subject to the Provider's terms and conditions as well as their application and lending criteria.
Please read our website terms of use and privacy policy for more information about our services and our approach to privacy.