The highest five year TD return at Rabobank is now 4.70% p.a. - 20 bps higher than any competitor in our database for all term lengths.
That rate applies to balances over $500,000 so it might be a bit out of reach for some customers, but there's still a 4.50% p.a. return for deposits larger than $1,000.
For shorter term rates (a year or less), Rabo still isn't quite level with the likes of Heartland Bank or G&C Mutual/Unity Bank, with its one year rate at 4.25% p.a. for balances under $100,000 (although increasing to 4.45% p.a. for balances over $500,000).
Coming just hours after G&C and Unity upped the ante in the one year market, these big hikes are another indicator that competition in the term deposit market is heating up fast.
Read more: Will TD rates keep going up?
Rabobank latest term deposit rates
Below are the latest term deposit returns available at Rabobank.
These rates are all for interest payments made at the end of the term or annually:
| Term | $1,000 - $100,000 | $100,000.01 - $500,000 | $500,000.01 - $2,000,000 |
|---|---|---|---|
| 1 month | 1.90% | 2.00% | 2.10% |
| 3 months | 4.00% | 4.10% | 4.20% |
| 6 months | 4.15% | 4.25% | 4.35% |
| 9 months | 4.10% | 4.20% | 4.30% |
| 1 year | 4.25% | 4.35% | 4.45% |
| 2 years | 4.00% | 4.10% | 4.20% |
| 3 years | 4.10% | 4.20% | 4.30% |
| 4 years | 4.35% | 4.45% | 4.55% |
| 5 years | 4.50% | 4.60% | 4.70% |
More regular interest payments are available (semi-annually, quarterly, or monthly) for slightly discounted rates.
Read more: Current top term deposit rates in Australia
Rabobank five year term deposit: How much could you earn?
Here's how much customers could earn by depositing various amounts with Rabobank (remembering term deposit earnings are subject to income tax and are simple interest) for five years:
| Deposit size | Annual interest payment | Total earnings after five years |
|---|---|---|
| $1,000 | $45 | $225 |
| $10,000 | $450 | $2,250 |
| $100,000 | $4,500 | $22,250 |
| $250,000 | $11,500 | $57,500 |
| $1,000,000 | $45,000 | $222,500 |
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Want to earn a fixed interest rate on your cash? The table below features term deposits with some of the highest interest rates on the market for a six-month term.
| Bank | Term Deposit | Interest Rate | Interest Frequency | Term | Automatic Rollover | Maturity Alert | Early Withdrawal Available | Minimum Deposit | Maximum Deposit | Notice Period to Withdraw | Account Keeping Fee | Online Application | Joint Application | Tags | Features | Link | Compare | Promoted Product | Disclosure |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
5.35% p.a. | At Maturity | 6 months | $5,000 | $19,999 | – | – | |||||||||||||
5.20% p.a. | At Maturity | 6 months | $10,000 | $5,000,000 | – | – | |||||||||||||
5.15% p.a. | At Maturity | 6 months | $1,000 | $1,000,000 | – | – |
