Rabobank Term Deposit Rates and Reviews

Rabobank Australia Term Deposits as of April 2024

Provider	Interest rate	Interest frequency	Term	Automatic Rollover	Maturity Alert	Early Withdrawal Available	Minimum Deposit	Notice Period to Withdraw	Joint Application	Online Application	as ofApril 25, 2024

	4.90^%_p.a.	Annually, At Maturity	60_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	1000	31	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit ($1000+) - 60 months
Term Deposit ($1000+) - 60 months More details
	4.85^%_p.a.	Annually, At Maturity	6_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	1000	31	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit ($1000+) - 6 months Start with as little as $1,000 Receive a 0.10% loyalty bonus when you automatically reinvest your Term Deposit before maturity You'll automatically get a High Interest Savings Account in your savings portfolio Supporting Aussie farmers with every dollar you save
Term Deposit ($1000+) - 6 months Start with as little as $1,000 Receive a 0.10% loyalty bonus when you automatically reinvest your Term Deposit before maturity You'll automatically get a High Interest Savings Account in your savings portfolio Supporting Aussie farmers with every dollar you save More details
	4.80^%_p.a.	Annually, At Maturity	3_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	1000	31	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit ($1000+) - 3 months
Term Deposit ($1000+) - 3 months More details
	4.75^%_p.a.	Annually, At Maturity	12_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	1000	31	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit ($1000+) - 12 months
Term Deposit ($1000+) - 12 months More details
	4.60^%_p.a.	Annually, At Maturity	48_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	1000	31	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit ($1000+) - 48 months
Term Deposit ($1000+) - 48 months More details
	4.40^%_p.a.	Annually, At Maturity	24_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	1000	31	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit ($1000+) - 24 months
Term Deposit ($1000+) - 24 months More details
	4.40^%_p.a.	Annually, At Maturity	36_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	1000	31	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit ($1000+) - 36 months
Term Deposit ($1000+) - 36 months More details
	2.00^%_p.a.	Annually, At Maturity	1_month	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	1000	31	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit ($1000+) - 1 month
Term Deposit ($1000+) - 1 month More details

Important Information and Comparison Rate Warning

All products with a link to a product provider’s website have a commercial marketing relationship between us and these providers. These products may appear prominently and first within the search tables regardless of their attributes and may include products marked as promoted, featured or sponsored. The link to a product provider’s website will allow you to get more information or apply for the product.

By de-selecting “Show online partners only” additional non-commercialised products may be displayed and re-sorted at the top of the table. For more information on how we’ve selected these “Sponsored”, “Featured” and “Promoted” products, the products we compare, how we make money, and other important information about our service, please click here. Rates correct as of April 25, 2024. View disclaimer

Rabobank Australia offers a variety of term deposit options with terms ranging from one month to five years, making them suitable for many different savings goals and financial planning needs.

The interest rates offered are typically relatively competitive and vary depending on the term length.

Rabobank also offers a 0.10% p.a. loyalty bonus to customers who automatically reinvest their term deposit at maturity.

Rabobank term deposit review

Feature	Details
Minimum deposit	$1,000
Maximum deposit	$2 million
Term lengths	1 month to 5 years
Interest paid	At maturity for terms of under 12 months and monthly, quarterly, semi-annually, or annually for terms of 12 months or more
Fees	No account keeping fees, fees on early withdrawal

Rabobank term deposits can be taken out by individuals, joint applicants, or Self-Managed Super Funds (SMSFs).

Each owner of an account needs to be at least 16 years of age, a resident of Australia and residing in the country, and a holder of a Rabobank High Interest Savings Account (HISA).

Up to $250,000 deposited with Rabobank is protected under the Financial Claims Scheme. That means, if something were to happen to Rabobank, that money would be returned to a depositor.

Fees

Rabobank doesn’t charge any account keeping fees.

Though, early withdrawal of funds kept in a Rabobank term deposit requires a 31-day notice period and penalties may apply, which could reduce the interest payable.

Potential drawbacks

The major feature of Rabobank that might deter would-be depositors is the fact the bank doesn’t boast any branches, so all transactions must be done online.