Rabobank Term Deposit
RaboDirect Term Deposit (Term Deposit): 2 out of 5 stars from 7 genuine reviews on Australia's largest opinion site ProductReview.com.au.
- The Rabobank term deposit has a small opening deposit requirement and a large choice of term lengths. If you automatically reinvest your deposit when your term reaches maturity, you'll be rewarded with a 0.10% p.a. Loyalty bonus rate. Plus, your deposit up to $250,000 with Rabobank is protected under the Australian Government Guarantee.
- Rabobank currently tops the term deposit market with a 2.25 per cent fixed interest rate on their five-year product. This means you may only qualify for this rate if you lock away your money for five years. You will need a minimum of $1,000 to be eligible and you can choose to have your interest paid monthly, quarterly, half-yearly or yearly.
Your best choice in short and long term investment.
- Competitive interest rates paid
- Interest calculated daily
- Terms available from one month to five years
- Automatic rollover available
- No minimum deposit
- Interest is paid at maturity or opt for yearly interest payments if term is 2 years or more
- Choice of interest payments credited to a nominated transaction account, collected by cash/bank cheque from your branch or compounded to your term deposit
- Internet Banking (view only) access via aba.online and Term Deposit certificate to keep track of your investment
- Australian Government Guaranteed
How to apply online?
To open a term deposit account online, you will need to have a transactional account with Arab Bank Australia and access to internet banking (aba.online).
- Learn more about how to apply for a transactional account.
Term Deposit Definition
When applying for a transactional account, you will be able to sign up for internet banking in the process.
This transactional account is required to hold your money until you successfully open your term deposit account and transfer your money across. Once you have opened a transactional account and have access to our internet banking facility aba.online, you will be able to apply for a term deposit online using your online ID and password.
- If you are already an Arab Bank Australia customer and would like to sign up to internet banking, here is how to apply.
If your preference is to open your term deposit account over the counter, visit one of our branches where a team of our friendly customer service staff would be happy to assist you with the process.
| Term (mths) | $0 - $1,999 | $2,000 - $4,999 | $5,000 - $9,999 | $10,000 - $49,999 | $50,000 - $99,999 | $100,000 - $499,999 |
|---|---|---|---|---|---|---|
| 1 | 0.20 | 0.20 | 0.20 | 0.20 | 0.30 | 0.30 |
| 2 | 0.20 | 0.20 | 0.20 | 0.20 | 0.30 | 0.30 |
| 3 | 0.65 | 0.65 | 0.65 | 0.65 | 0.75 | 0.75 |
| 4 | 0.60 | 0.60 | 0.60 | 0.60 | 0.70 | 0.70 |
| 5 | 0.60 | 0.60 | 0.60 | 0.60 | 0.70 | 0.70 |
| 6 | 0.65 | 0.65 | 0.65 | 0.65 | 0.75 | 0.75 |
| 9 | 0.65 | 0.65 | 0.65 | 0.65 | 0.75 | 0.75 |
| 12 | 0.75 | 0.75 | 0.75 | 0.75 | 0.85 | 0.85 |
| 24 | 0.80 | 0.80 | 0.80 | 0.80 | 0.90 | 0.90 |
| 36 | 0.80 | 0.80 | 0.80 | 0.80 | 0.90 | 0.90 |
| 48 | 0.85 | 0.85 | 0.85 | 0.85 | 0.95 | 0.95 |
| 60 | 0.90 | 0.90 | 0.90 | 0.90 | 1.00 | 1.00 |
Note
- Terms and conditions apply
- All rates are available on Australian Dollar term deposits
- For deposit investments exceeding $500,000, please contact us for rates
- Rates subject to change without notice
- The Australian Government Guarantee applies to deposits up to $250,000 per entity, per authorised deposit-taking institution
- The issuer of these products is Arab Bank Australia Limited
Demand Deposit
This calculator provides an indication of the approximate balance of principal & interest that can be obtained by investing funds on a fixed term deposit. Simply enter the amount to be be placed on deposit, an annual interest rate and the term over which you will invest your deposit.