Your selected term deposits
Rabobank stands out in the banking landscape with its strong focus on sustainable investing and commitment to helping Australian farmers and the agricultural industry. As part of its customer-centric offerings, Rabobank term deposits are designed to suit a variety of unique financial goals.
For those looking to maximise their savings, Rabobank provides term deposits with competitive interest rates and loyalty bonuses. Whether you’re saving for a new car, home deposit or an important life milestone, Rabobank’s online banking platform can help you to manage your savings and achieve your aspirations.
Loyalty interest bonus when you reinvest your principal
Low minimum deposit requirement
Supporting farmers through banking and community initiatives
Reduced interest if you access funds before maturity
31 days' notice is needed for early withdrawal
Rabobank term deposits may appeal to those seeking a secure way to grow their savings with guaranteed returns over a fixed term. Select your term length, which can range from one month to five years, on investments between $1,000 and $2,000,000.
Rabobank does not charge any account-keeping fees. However, it’s important to note that accessing your funds before the term ends requires a 31 day notice period and will result in early withdrawal penalties which impact your overall returns. See a breakdown of these early exit fees .
To maximise your earnings, Rabobank offers a 0.10% loyalty bonus if you automatically reinvest your principal when your term deposit matures.
For terms of 12 months or more you can choose from various interest payment frequencies - monthly, quarterly, half-yearly or annually - giving you control over how and when you receive your gains. Choosing a more frequent interest payment option will get money into your hands sooner, but the rates for those options are slightly lower .
While Rabobank term deposits provide a reliable way to save, it’s worth considering that there are other savings options on the market that might offer higher returns or greater flexibility.
Enjoy a competitive fixed interest with the choice of 1 month to 5 year terms. Start with as little as $1,000. Interest paid monthly, quarterly, half yearly or yearly. Receive a 0.10% loyalty bonus when you automatically reinvest your Term Deposit before maturity. (Terms and Conditions apply)
| 1 month | 2.00% p.a. | ($1,000 - $2,000,000) |
| 3 months | 4.85% p.a. | ($1,000 - $2,000,000) |
| 6 months | 4.90% p.a. | ($1,000 - $2,000,000) |
| 9 months | 4.70% p.a. | ($1,000 - $2,000,000) |
| 1 year | 4.55% p.a. | ($1,000 - $2,000,000) |
| 18 months | 4.16% p.a. | ($1,000 - $2,000,000) |
| 2 years | 4.00% p.a. | ($1,000 - $2,000,000) |
| 3 years | 4.00% p.a. | ($1,000 - $2,000,000) |
| 4 years | 4.30% p.a. | ($1,000 - $2,000,000) |
| 5 years | 4.40% p.a. | ($1,000 - $2,000,000) |
Your selected term deposits
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Write a reviewRabobank is an Authorised Deposit-taking Institution (ADI) regulated by the Australian Prudential Regulation Authority (APRA). This means that your deposits are protected under the Australian Government's Financial Claims Scheme, ensuring that up to $250,000 is safeguarded.
Yes, you can open a Rabobank term deposit without being an existing Rabobank customer. However, you’ll need to open and maintain a High Interest Savings Account (HISA). All customers are required to have one of these accounts when combined with any online savings accounts or term deposits.
The HISA is a variable rate product, with no fees, no minimum balance requirements and no minimum term.
Apply online through the bank’s website, via the Rabobank app, or in person at any branch.
You can open as many term deposits as you like. The combined total across all your term deposits is not permitted to exceed $2 million, whether the accounts are in individual or joint names.
The minimum opening deposit for all Rabobank term deposits is $1,000.
To set up online banking, visit the Rabobank website, register by providing your details, create a username and password, and verify your identity via email or SMS.
While Rabobank doesn’t charge any monthly account-keeping fees, withdrawing your funds before the term ends will result in penalties. The amount will be equivalent to reducing the interest rate on your term deposit by 10-80%, depending on the elapsed term. The closer the early withdrawal date is to the maturity date, the lower the early withdrawal fee will be.
See a full breakdown of these early exit fees on the Rabobank website.
Whenever your term deposit automatically rolls over, you'll enjoy a seven day grace period, starting the day after maturity. During this time, you can withdraw or transfer your term deposit without facing any fees or interest rate reductions.
Rabobank will notify you prior to maturity advising you of the start and end dates of your grace period. Ensure that your contact information is up-to-date in order to receive this information.
To request an early withdrawal you’ll need to contact the bank by phone during office hours. A 31 calendar-day notice period will apply, along with an early termination fee.
If you’re experiencing financial hardship, contact the bank to discuss your options.
To close your Rabobank term deposit, you can call customer service or visit a branch. Be prepared to provide your account details, and note that early withdrawal penalties will apply if you close the account before the maturity date.
* Different interest rates apply to different amounts or different interest payment frequencies.
^See information about the Mozo Experts Choice Term Deposit Awards
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