In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Compare other savings accounts
  • Your reviews
  • Ask a question
Rabobank Term Deposit (SMSF)
Interest rate 6 months interest rate
Up to 4.90% p.a.
Minimum opening deposit
$1,000
Maximum deposit
$2,000,000
Maximum balance
$2,000,000

Summary

Put your super savings in a safe place and enjoy guaranteed returns with a Rabobank Term Deposit for self-managed super funds (SMSFs).

A term deposit offers secure, guaranteed returns on your savings, providing a safe and reliable investment opportunity for your SMSF. Although commonly associated with personal and business banking customers, SMSFs can also take out term deposits, allowing them to build a bigger fund balance. The Rabobank Term Deposit combines competitive interest rates with terms ranging from one month to five years.

Pros

  • Guaranteed interest rate of 4.4% for fixed period of 5 years
  • Interest paid to a linked Rabobank's account
  • Large range of terms, from 1 month to 5 years

Cons

  • No access to your money
  • Online bank only - no branch or counter access

In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Compare other savings accounts
  • Your reviews
  • Ask a question

Details

Key details

Product Name Rabobank Term Deposit (SMSF)
3 month interest rate 4.85%
6 month interest rate 4.90%
9 month interest rate 4.70%
12 month interest rate 4.55%
24 month interest rate 4.20%
36 month interest rate 4.00%
48 month interest rate 4.30%
60 month interest rate 4.40%
Minimum Opening Deposit $1,000
Minimum age requirement 18
Government guarantee Yes

Eligibility

Minimum Age Requirement 18
Joint account availability Yes
Min Deposit $1,000
Available to children Not available for children

Key features

Fixed interest rate: Up to 4.9% p.a. for 6 months

The Rabobank Term Deposit provides a competitive fixed interest rate so that you can enjoy guaranteed, predictable returns on the money you invest. The interest rate you receive varies based on the term you select.

Terms from one month to five years

This account is available with terms ranging from one month to five years, allowing you to choose the investment period that best suits the financial needs of your SMSF.

Launch term deposit calculator

How to apply

To complete the online application you will need to do the following:
  • Have an existing SMSF. You will need to choose the relevant option (SMSF) at the start of the application.
  • Open a Business High Interest Savings Account. This comes with all Rabobank accounts to help you transfer funds. It does not charge any ongoing fees.

Compare other savings accounts

1 - 9 of 181
Updated regularly
Name Maximum Variable Rate p.a. Base interest rate Intro/Ongoing Government Guarantee Monthly Max Rate Conditions
Bank of Queensland Simple Saver Account
BOQ logo
Maximum Variable Rate p.a.
4.85%
Standard Variable Rate p.a.
4.85%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Balances up to $5,000,000
Go to siteView details
ING Savings Accelerator ($150,000 - $500,000)
ING logo
Maximum Variable Rate p.a.
5.40%
Standard Variable Rate p.a.
4.70%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Welcome rate applies up to $500K
Go to siteView details
 Ideal for higher balances, savers can earn up to 5.4% for the first 4 months and up to 4.7% thereafter. There are no conditions and $0 account-keeping fees.
ING Savings Accelerator ($150,000 - $500,000)
ING logo
Maximum Variable Rate p.a.
5.40%
Standard Variable Rate p.a.
4.70%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Welcome rate applies up to $500K
Go to siteView details
Macquarie Savings Account
Macquarie Bank logo
Maximum Variable Rate p.a.
5.35%
Standard Variable Rate p.a.
5.00%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Balances up to $250,000
Go to siteView details
Suncorp Bank Growth Saver Account
Suncorp Bank logo
Maximum Variable Rate p.a.
5.05%
Standard Variable Rate p.a.
0.35%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow balance by $200 each month (excl. interest)
  • Only 1 withdrawal
  • No balance limit on earning interest
Go to siteView details
Newcastle Permanent Smart Saver Account
Newcastle Permanent logo
Maximum Variable Rate p.a.
4.50%
Standard Variable Rate p.a.
0.05%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow balance
  • No more than 2 withdrawals
Go to siteView details
ING Savings Maximiser
ING logo
Maximum Variable Rate p.a.
5.50%
Standard Variable Rate p.a.
0.55%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $1,000
  • 5 transactions
  • Grow your balance
  • Balances up to $100,000
Go to siteView details
IMB Reward Saver Account
IMB logo
Maximum Variable Rate p.a.
5.25%
Standard Variable Rate p.a.
0.00%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $50
  • No withdrawals
  • Balances up to $1,000,000
Go to siteView details
 Earn up to 3.25% p.a. after the introductory period ends.
St.George Incentive Saver
St.George Bank logo
Maximum Variable Rate p.a.
5.25%
Standard Variable Rate p.a.
1.85%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow balance $50 ($0.01 if under 21)
  • Balance up to $249,999.99
Go to siteView details
 Extra 0.10% p.a. for 3 months for new customers who apply online, with balances under $250,000.
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Showing 9 of 9 results
Sources
  1. Rabobank Term Deposit (SMSF) information page
  2. Rabobank Term Deposit (SMSF) TMD

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Alison Finder

Editor

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Avatar

Nifty

July 22, 2023

Rabobank opening a smsf term deposit requires opening Business High Interest Savings Account. What are the daily limits for transferring funds back out of this account to SMSF fund accounts at other banks?


Avatar

Raj Lal Finder

August 15, 2023

Hi Nifty,


You won’t be able to transfer funds back out from the term deposit to other SMSF accounts from other banks.


Thanks

Raj


Avatar

Alison Banney

Editor

Alison Banney is the money editorial manager at Finder. She covers all areas of personal finance, and her areas of expertise are superannuation, banking and saving. She has written about finance for 10 years, having previously worked at Westpac and written for several other major banks and super funds. See full profile

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