This product had the best interest rates that were available at time of term start. Although there are no physical branch locations in my local area, I have had no need for one due to the highly efficient online and phone services! This is a highly secure banking organisation that I would recommend to anyone.
I don't really have too many issues with this bank. It's just convenient because you can do transactions online anytime. And it's also not convenient because it being online you can't get your money right there and then if you need it ASAP. They are also very informative when it comes any changes to their rates and anything else that happens to your account or with the bank.
Applied for ING and Rabo term deposits at the same time and still trying to activate and link the Rabo one 3 weeks later. Just a nightmare!! ING was done with no fuss at all!! I need to call the bank of the account I am trying to link yet again. I would have walked away 2 weeks ago but I have now invested so much time into it!!!
I did my research into banks, with my criteria being a competitive interest, easy access to my money and most of all a bank that was safe and reliable in times of economic uncertainty.
As Rabobank mainly deals with agricultural business loans, it seems a very safe, secure option for term deposits.
I found Rabobank met my criteria. Although the only con was that their interest rate on offer at the time wasn't the highest around, but was still fairly competitive, however I overlooked that for the banks security.
Also I didn't want to tie up my investment for any length on time, and wanted it available at short notice. Rabobank offers this option too, and make it very simple.
I was also impressed by the banks security consciousness, giving a free token code for added online security for accounts, as I have had to pay extra for these from other banks.
I was impressed with the friendliness and level of personal service given and the bonus of very minimal waiting time, not surprising as it's not one of the major mainstream banks.
Would definitely recommend it as one of the best banks around for anyone looking at Term Deposit options.
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