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RaboDirect

RaboDirect is a part of Rabobank
Rabobank is one of the largest, most respected financial institutions in the world.

Savings Products

Savings products to suit your needs
Choose from our competitive On Call or Term Deposit rates for you, your children, a trust or a business.

Earnings

Managed Funds to make your money work harder
Tailor your portfolio with over 40 funds from New Zealand's top providers.

Rabobank retains its position as the world's highest rated privately owned bank according to Standard & Poor's new methodology
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Some photographs of the RaboDirect team

Savings Account

  • No Account Fees
  • Personal data protected by the Digipass
  • Special purpose sub accounts for savings goals
  • Instant access to Term Deposits & Managed Funds
  • Business, Trust & Children's Accounts available

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Compared with other banks* 
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*Market average = Online On Call account base rates for $10,000 from ANZ, ASB, Kiwibank, NBNZ, Westpac and Total Money from BNZ source per Interest.co.nz weekly between 30th March 2009 and 28th March 2010. Calculations exclude Compounding Interest and Tax.

Savings Account Reviews

Great way to keep your other banks perks without the average interest rate.

Reviewer:Michael McCarroll

Great to see a Bank that gives it benefits to its customers and not just to its own bottom line. Consistently the best on-call savings interest rate. Well Done RaboDirect!

Reviewer:Sam Henry

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Lock your money away in a Term Deposit with RaboDirect.

 

  • Minimum deposit only $1000
  • Large range of terms
  • No Account Fees
  • Auto reinvest option
  • Interim Interest Payment option (1-5 year terms only)

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Term Deposit Rates

TermRate (%p.a.)
1 mth3.00
3 mths3.70
6 mths4.20
9 mths4.20
1 yr4.60
15 mths4.65
18 mths4.75
2 yrs5.00
3 yrs5.20
4 yrs5.50
5 years6.00

RaboDirect does not currently offer a compounding interest option for Term Deposits. Interest rates are the current rates for deposits up to $5 million. For rates on deposits for more than $5 million please call us on 0800 22 44 33.

Term Deposit Review



I love the fact that your term deposits are available for small time investors like me. $1000 is a lot easier for me to find and invest than $5000 or $10,000. It may not seem much to the big boys, but it makes it exciting for me to be able to say that I have my money invested.

Reviewer:Nicola

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Our Cash Advantage Fund (CAF) is a Managed Fund that is designed to act like an on-call account and tax is capped at 28%.

Cash Advantage Fund

  • Minimum deposit only $250
  • No Account Fees
  • Interest compounds daily*
  • Funds deposited with Rabobank

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*Our Daily Compounding Interest works like this - Interest on Fund's deposited compounds daily on Tuesday, Wednesday, Thursday and Friday. On Monday, three days' interest compounds (for Saturday, Sunday and Monday).

Compare your bank...

InstitutionFeesInterest
RaboDirectNoneDaily
ANZ0.50%Monthly
ASBNoneMonthly
BNZ0.40%Daily
KiwibankNoneMonthly
NBNZNoneQuarterly
WestpacNoneMonthly

Source: Interest.co.nz

Compare Historic Rates

Cash Fund Review



Mike, the other advantage over a traditional on call savings account that many forget, is that the interest is compounding DAILY rather than monthly - so even if you are on a 19.5% tax rate there are still significant savings with your significant other!

Reviewer: Jaron

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Our Term Advantage Fund (TAF) is a Managed Fund that is designed to act like a Term Deposit, with tax capped at 28%.

Cash Advantage Fund

The Term Advantage Fund allows investors to take advantage of the PIE tax rules, which means that those on a higher tax rate can potentially receive higher effective returns.

Compare your bank...

Institution6 month rateMin. deposit
RaboDirect4.20$1,000
ANZ-$5,000
ASB4.25$10,000
BNZ4.00$5,000
Kiwibank3.90$10,000
NBNZ4.00$5,000
Westpac4.00$10,000

Source: Interest.co.nz

Compare all rates

  • Minimum investment only $1000
  • No Account Fees
  • Funds deposited with Rabobank

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Choose from 42 Managed Funds across 10 investment categories. With the same great benefits no matter how big or small your bank balance.

Managed Funds

  • Low entry fees & NO RaboDirect exit fee
  • Buy & Sell online 24/7
  • Tax capped at 28% 
  • Minimum investment only $250

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Where are RaboDirect customers investing?

Take a look at the table below to see the top Managed Funds our customers have invested in during December 2011:

Most Popular Funds
1st - Harbour NZ Corporate Bond FundFind out more
2nd - Harbour NZ Core Fixed InterestFind out more
3rd - AMP Capital Responsible Investment Leaders Balanced FundFind out more

Find a Managed Fund

Managed Fund Review

Very, very nice :-) Again just like term deposits easy to set up. RaboDirect give yourselves a pat on the back!! A great selection of funds. To all the other large fund providers out there, you really want to be a part of this.

Reviewer:Sam

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