8.2/10

Based on 309 Rabobank product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.

Rabobank term deposits

Since starting as a cooperative bank for farmers in 1898, Rabobank have grown into one of the world's largest financial institutions. They were winners of the 2022 Mozo experts choice awards for term deposit accounts. For long term saving plans, check out the range of term deposits available from Rabobank presented here. To see how they weigh up against term deposits from fellow providers, use our term deposit comparison tool.

Rabobank offers the following term deposits

Rates and fees verified as correct at 21 July 2024. Other information correct at the time of writing. Advertiser disclosure.
Product Best rate (up to 1 year) Minimum Deposit Interest paid to another bank?
Term Deposit

5.00% p.a.6 months ($1,000 to $2,000,000)

$1,000.00

no

How are Rabobank term deposits rated?

Mozo users have rated Rabobank term deposits on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of term-deposits
Rabobank term deposits customer reviews
Overall
7.8/10
Price
8.2/10
Features
7.9/10
Customer service
7.2/10
Convenience
7.2/10
Trust
7.9/10
Based on 45 Rabobank product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

Recent Rabobank term deposit reviews

Rabobank Term Deposit
Overall 1/10
A bank that I would never trust again

Rabo threatened to block my account which I had for over 12 years if I did not provide a significant amount of extra information. The forms and requirements were onerous. I was left with no choice but to cancel my term deposit and pay an early termination fee. And withdraw all my funds before they froze my account. This bank is outrageous. They were happy with all the information I supplied 12 years ago but now they required significant additional information.

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Rabo threatened to block my account which I had for over 12 years if I did not provide a significant amount of extra information. The forms and requirements were onerous. I was left with no choice but to cancel my term deposit and pay an early termination fee. And withdraw all my funds before they froze my account. This bank is outrageous. They were happy with all the information I supplied 12 years ago but now they required significant additional information.

Price
1/10
Features
1/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Mark, New South Wales, reviewed over 2 years ago
Rabobank Term Deposit
Overall 10/10
Doing it for the farmers.

Rabobank is a bank working with farmers for all our benefits. Highest offering term deposit interest rate at the time of my investment. Desperately need banks to keep higher for self funded retirees.

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Rabobank is a bank working with farmers for all our benefits. Highest offering term deposit interest rate at the time of my investment. Desperately need banks to keep higher for self funded retirees.

Price
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Melissa, New South Wales, reviewed over 3 years ago
Rabobank Term Deposit
Overall 1/10
Non customer service bank

Sent messages twice regarding ID requirements for new deposit. Both times no reply. Seems the fact that the investor hasn't got a drivers licence or passport is to hard to deal with, so they just ignore you. Service is worse than poor, it's non existent.

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Sent messages twice regarding ID requirements for new deposit. Both times no reply. Seems the fact that the investor hasn't got a drivers licence or passport is to hard to deal with, so they just ignore you. Service is worse than poor, it's non existent.

Price
8/10
Features
8/10
Customer service
1/10
Convenience
1/10
Trust
3/10
Less
Donald, Western Australia, reviewed almost 4 years ago
Rabobank Term Deposit
Overall 10/10
Simply the best all round banking.

Online banking with easy to follow instructions, Secure log on. Always easy to contact if help is needed. Best interest rates I have found.

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Online banking with easy to follow instructions, Secure log on. Always easy to contact if help is needed. Best interest rates I have found.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Rosemary, Victoria, reviewed about 4 years ago
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Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.
Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers.

Term deposit quick links