Term Deposits - RaboDirect New Zealand

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Term Deposits

  • Earn up to 6.75%p.a.
  • Large range of terms (1mth - 5yrs)
  • Auto reinvest on maturity option

With interest rates as high as 6.75%p.a. a RaboDirect Term Deposit is a great way to get some predictability into your savings and investments without sacrificing performance.

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Term Deposits

Our Term Deposit Rates

For Personal, Joint, Trust & Minor Accounts...

Interest Rate (%p.a.)
TermStandard Interest*Interim Interest
1 month3.25N/A
3 months3.60N/A
6 months5.20N/A
9 months5.35N/A
1 year5.605.40
15 months5.355.15
18 months5.405.20
2 years5.505.30
3 years6.005.80
4 years6.506.30
5 years6.756.55

For Business Accounts...

Interest Rate (%p.a.)
TermStandard Interest*Interim Interest
1 month2.75N/A
3 months3.35N/A
6 months4.80N/A
9 months5.00N/A
1 year5.405.20
15 months5.355.15
18 months5.405.20
2 years5.505.30
3 years6.005.80
4 years6.506.30
5 years6.756.55

* Interest paid at maturity or annually. The interest rates listed here are for deposits up to $1 million. For rates on deposits over $1 million please call us on 0800 22 44 33.

Term Deposit Calculator

Term Deposit Features

Our Term Deposits give you the flexibility and security you need when locking your money away for a set period of time. Key features include:

  • $1000 minimum deposit

  • Funds deposited with New Zealand's safest bank

  • Automatically reinvest Term Deposits on maturity

  • Receive interest on a monthly basis (1-5 year terms only)

 Term Deposit features


Term Deposit Reviews

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Thank you very much for having a $1,000.00 minimum deposit. It makes it so much easier for a first timer like myself and daughter to get interested in Term Deposit and see your savings grow.

Reviewer: Libby

Star Star Star Star Star

Can I open a Business Account where 2 signatures are required for Term Deposit withdrawals or transfers?

Reviewer: Rob

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