A Term Deposit - on your terms
Our Term Deposits offer these very attractive features:
| Minimum deposit only $1000 | $1000 |
| Large range of terms | 1 month to 5 years |
| Account Fees | NONE |
| Auto reinvest option | YES |
| Interim Interest Payments | YES (1 to 5 years) |
| Access To Managed Funds & On-Call Savings | YES |
| Funds deposited with NZ's safest bank | YES |
| For interest rates on deposits over a $1 million | Contact Us |
Auto Reinvest Option
If you want to continue investing in a particular Term Deposit when it matures, then our Auto Reinvest option lets you do this automatically.
Plus, when you set a Term Deposit to Auto Reinvest you can choose to either reinvest the interest earned (getting the benefits of compounding interest) or have the interest paid into your On-Call Savings Account.
Interim Interest Payments
An Interim Interest Payment is when you choose to receive monthly, quarterly or six-monthly interest payments instead of interest paid at the Term Deposit maturity date. This option is available for 1-5 year Term Deposits.
Interim Interest Payments are ideal for people looking to receive a regular income from their savings, much like a salary.
Printable Tax Certificates & Statements
Most banks give you the option to print off statements, but how many go as far as letting you print of your Tax Certificates as well?
At RaboDirect your Statements and Tax Certificates are generated dynamically and stored historically for your convenience. So when it's time to arrange your finances you can instantly print the copies you need.
Instant access to Managed Funds
The hardest thing about investing in Managed Funds is choosing which Managed Fund to invest in.
At RaboDirect we provide access to over 40 Managed Funds from 6 Fund Providers spread across 10 investment categories including Cash, Property and Equities. To get started simply find a fund that matches your appitite for risk.