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RaboDirect
 

Interest rates

All interest rates on this page are percentage per annum (p.a.) and are shown before the deduction of taxes.

Term Deposits

Invest with as little as $1,000 and choose a term that suits you from 1 month and up to 5 years.
Term Deposits are available to Personal, Trust, Children's & Business accounts.

Terms Standard interest Monthly (interim) Quarterly (interim) Six-monthly (interim) Minimum investment Account fees
1 month 2.00%
- - - $1,000 None
3 months 2.80%
- - - $1,000 None
6 months 3.30%
- - - $1,000 None
9 months 3.30%
- - - $1,000 None
1 year 3.35%
3.30%
3.31%
3.32%
$1,000 None
15 months 3.25%
3.20%
3.21%
- $1,000 None
18 months 3.55%
3.49%
3.50%
3.52%
$1,000 None
2 years 3.55%
3.49%
3.50%
3.52%
$1,000 None
3 years 3.70%
3.64%
3.65%
3.67%
$1,000 None
4 years 3.80%
3.74%
3.75%
3.76%
$1,000 None
5 years 4.00%
3.93%
3.94%
3.96%
$1,000 None

Standard Interest payments are paid at maturity only for terms up to 18 months, and annually and at maturity for terms of 2 years or greater. 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.

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NoticeSaver

Earn a great variable interest rate by providing 60 days' notice each time you wish to make a withdrawal. 

Account types Interest rate Notice period Minimum balance Fees
Personal 3.00% 60 days*** $0 None
Children's 3.00% 60 days*** $0 None
Trust 3.00% 60 days*** $0 None
Business 3.00 % 60 days*** $0 None

*** 60 days' notice must be given each time you wish to withdraw funds from your account. See the NoticeSaver page for more information.

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PremiumSaver

Earn a premium interest rate if you increase your balance by $50 per month.**

Account types Maximum rate Minimum rate Withdrawals Fees Bonus criteria
Personal 2.10%* 0.55%
Unlimited None Increase balance by $50 per month **
Children's 2.10%* 0.55%
Unlimited None Increase balance by $50 per month **

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RaboSaver + PurposeSaver

RaboSaver makes it easy to move money around into other accounts and still get a competitive rate.

Account types Tier 1 ($0 - $5m) Tier 2 ($5m plus) Minimum balance Fees Withdrawal penalties
Personal  0.75%  0.55% $0 None None
Children's  0.75%  0.55% $0 None None
Trust  0.75%  0.55% $0 None None
Business  0.75%  0.55% $0 None None

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