Fees & Features of RaboDirect Term Deposits

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
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

Term Deposit Clock 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. Please note that RaboDirect does not currently offer a compounding interest option for Term Deposits.

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

Bull Bear 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 appetite for risk.

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