RABODIRECT TERM DEPOSIT
RaboDirect Term Deposit (Term Deposit)
        
Open a Term Deposit online in minutes with RaboDirect and you can earn up to 4.70% p.a. You can steal back your dreams with guaranteed returns. Choose a term that suits you, from 1 month - 5 years. RaboDirect are part of a cooperative bank with no accountability to the stock market, meaning they can offer honest banking with their customers' best interest in mind. Please make sure that you read all of their terms and conditions in detail before you apply so that you thoroughly understand what you are purchasing.
Location: Australia
Account Name: RaboDirectTerm Deposit Account
Advantages:
1. Simple easy online application
2. Interest paid monthly, quarterly, half yearly or yearly
3. Automatic reinvestment capability
4. Start with as little as $1,000
5. Open as many term deposits as you like
6. Flexible investment strategies
Disadvantages:
1. There is a minimum opening deposit of $1,000
2. Fees are applicable when breaking a Term Deposit
Services:
You can select from any one of the following terms: 1, 3, 6, or 9 months, 1, 2, 3, 4 or 5 year.

Interest AER: Up to 4.70% p.a.Interest Gross: Up to 4.70% p.a.
Interest Paid: MonthlyMinimum Income: $0.00
Overdraft Rate: N/A
Banking Charges: See site for details
Service Charges: $0.00
Account Access: Online, Phone
Withdrawal Access: No access until maturity

Free Banking: YesDebit Card: No
Cheque Guarantee Card: NoStanding Orders: No
Direct Debits: NoOverdraft Facility: No
Account Manager: No

Conditions:
Min balance is $1,000
Features:
When you open a Term Deposit, you will be offered one or more of the following maturity options:
1. The entire balance (principal and accrued interest) of the Term Deposit at maturity is paid into another one of your Accounts or to an account you have nominated to us in writing which we have agreed to pay funds to (Nominated Account).
2. The principal portion of the balance (excluding any accrued interest) of the Term Deposit at maturity is automatically reinvested in another Term Deposit of the same duration but at the then current interest rate. Any accrued interest is paid into another one of your Accounts or Nominated Account.
3. The entire balance (principal and accrued interest) of the Term Deposit at maturity is reinvested into a Term Deposit of one year or less but at the then current interest rate.
Introductions and Offers:

Term

Rate

1 Month

4.00 % p.a.

3 Months

4.90 % p.a.

6 Months

4.95 % p.a.

9 Months

4.85 % p.a.

1 Year

4.85 % p.a.

2 Years

5.00 % p.a.

3 Years

5.00 % p.a.

4 Years

5.10 % p.a.

5 Years

5.20 % p.a.

Terms and Conditions:
1. Different maturity options apply depend on the term of the Term Deposit.
2. You are allowed to break your Term Deposit before maturity but termination fees will apply.
        

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