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Mini meca 2022

Rabobank Term Deposit

Advertiser disclosure
Best rate (up to 1 year)
2.15% p.a.1 year
Minimum deposit
Interest paid to another bank?

Mozo editorial review Rabobank Term Deposit - last updated: 19 May 2022

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What's hot
  • 2.15% for a 1 year term
  • 0.10% loyalty bonus applied when a term deposit is automatically reinvested
  • 2022 Mozo Experts Choice Award winner
What's not
  • A 31 day advance notice period required for withdrawing funds before maturity + fees may apply
Mozo snapshot

If you’re looking into securing your cash away in a term deposit, you’ll be after an account with competitive interest rates, and the Rabobank Term Deposit does just that. The maximum rate is 2.60% paid annually on a 5 year term. For shorter term deposits, a 1.85% rate will be paid upon maturity on a 9 month term. It also took the title for the term deposit 2022 Mozo Experts Choice Award.

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Key features

Searching for an account that gives you a secure return on your savings? The Rabobank Term Deposit offers competitive interest rates on a range of terms from one month to five years on investments between $1,000 and $2,000,000.

For a 9 month term on balances between $1,000 and $2,000,000 you’ll be able to earn a 1.85% interest rate. For a one year term, you’ll also earn an interest rate of 2.15% paid annually and for a five year term, you’ll receive an interest rate of 2.60%. And if you automatically reinvest your term deposit into a new one when it reaches the maturity stage, an extra 0.10% interest is added for your loyalty.

When it comes to interest Rabobank provides flexibility, giving their users the choice to have their interest payments paid monthly, quarterly, bi-annually, annually and at maturity. Just keep in mind that there is a 31 day notice requirement for the withdrawal of any funds from the term deposit before maturity (early withdrawal fees apply), otherwise the earliest you may be able to obtain the funds is at the maturity stage. Also, money will be automatically rolled into a new account for the same terms if you fail to give Rabobank one business day notice before reinvesting your deposit into new terms.

Who is it good for

The Rabobank Term Deposit is a great choice for savers with a minimum balance of $1,000 ready to store away and who won’t be tempted to withdraw it early.

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Any catches

Just keep in mind that there is a 31 day notice requirement for the withdrawal of any funds from the term deposit and you'll need to pay an early withdrawal fee, unless RaboBank agrees that you're suffering financial hardship. 


Rates and fees information correct as at 19 May 2022. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.

0.15% p.a. ($1,000 to $2,000,000)

0.55% p.a. ($1,000 to $2,000,000)

1.55% p.a. ($1,000 to $2,000,000)

1.85% p.a. ($1,000 to $2,000,000)

2.15% p.a. ($1,000 to $2,000,000)

2.30% p.a. ($1,000 to $2,000,000)

2.40% p.a. ($1,000 to $2,000,000)

2.05% p.a. ($1,000 to $2,000,000)

2.60% p.a. ($1,000 to $2,000,000)

Other financial bits







0.10% loyalty bonus applies when a term deposit is automatically reinvested.

Different interest rates apply to different amounts or different interest payment frequencies.

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