Term Deposits - RaboDirect New Zealand.

Term Deposits

Earn up to 6.00%p.a.
Large range of terms (1mth - 5yrs)
Auto reinvest on maturity option

With interest rates as high as 6.00%p.a. a RaboDirect Term Deposit is a great way to get some predictability into your savings and investments without sacrificing performance.

Our Term Deposit Rates

For Personal, Joint, Trust, Minor and Business Accounts...

Term	Standard Interest*	Monthly Interim Interest	Quarterly Interim Interest	6 Monthly Interim Interest
Term		Interest Rate (%p.a.)
1 month	3.00	N/A	N/A	N/A
3 months	3.70	N/A	N/A	N/A
6 months	4.20	N/A	N/A	N/A
9 months	4.20	N/A	N/A	N/A
1 year	4.60	4.51	4.52	4.55
15 months	4.65	4.55	4.57	N/A
18 months	4.75	4.65	4.66	4.68
2 years	5.00	4.89	4.91	4.94
3 years	5.20	5.08	5.10	5.13
4 years	5.50	5.37	5.39	5.43
5 years	6.00	5.84	5.87	5.91

* Interest paid at maturity or annually. RaboDirect does not currently offer a compounding interest option for Term Deposits. The interest rates listed here are for deposits up to $5 million. For rates on deposits over $5 million please call us on 0800 22 44 33.

Calculate the potential growth of your investments

Term Deposit Reviews

You've rated us 3 out of 5

Sure, Rabodirect doesn't give the best rates at the moment, but it's comparable if not better than the other banks, far more convenient and more secure. It may no longer be the dominant force that it once was, but it's still an excellent option.

John Baird, Acting GM: Thank you Dave for your favourable comments. We pride ourselves on offering competitive rates with the ease of use and the security second to none, as well as being ranked among the top ten safest banks in the world for the last ten years by Global Finance Magazine.

Reviewer: Dave H

My term deposit it maturing next week. I will be reinvesting in a BNZ term deposit as they have a better interest rate, both short term and long term.

John Baird, Acting GM: Hi Rosa, Thank you for your comments. We review our rates constantly, and are always keen to offer our customers good value for their investments. While we aim to offer competitive rates across our product range wherever we can, but like all the banks, this may mean we are not always the highest, depending on the circumstances at the time. Please do continue to check our rates as they are subject to change, and we would love to offer you an attractive rate again in the future. If you have opted into our communications, you will receive an email with our current rates on it too.

Reviewer: Rosa

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