RaboDirect Rates - November 2023

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In the world of finance, finding the right bank with competitive interest rates can make a significant difference in your financial growth.

RaboDirect, the online banking arm of Rabobank, offers attractive interest rates on a variety of savings and term deposit accounts.

Whether you’re looking for a flexible savings account or a fixed-term deposit to secure your savings, RaboDirect has something to suit your needs.

What are RaboDirect Savings Account Rates?

RaboDirect’s Online Savings account offers a competitive interest rate of up to 4.20% p.a. for balances up to $250,000.

For balances between $250,001 and $1,000,000, the interest rate drops to 3.20% p.a. For balances over $1,000,000, the interest rate remains at 3.20% p.a.

What are RaboDirect Term Deposit Rates?

RaboDirect offers a range of term deposit options with varying interest rates and terms. For a 1-year term deposit, the interest rate is 6.30% p.a. for new customers and 6.13% p.a. for existing customers.

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For a 15-month term deposit, the interest rate is 6.20% p.a. for new customers and 6.03% p.a. for existing customers.

For an 18-month term deposit, the interest rate is 6.10% p.a. for new customers and 5.94% p.a. for existing customers.

For a 2-year term deposit, the interest rate is 6.10% p.a. for new customers and 5.94% p.a. for existing customers.

Conclusion

RaboDirect offers a combination of competitive interest rates, flexible terms, and no fees, making it a compelling choice for savings and term deposits.

Whether you’re looking to grow your savings for a rainy day or secure your savings for a long-term financial goal, RaboDirect has something to suit your needs.

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