Rabobank Term Deposit Rates 2026: Safe? Best Rates in AU & NZ

Rabobank is a top contender for long-term savers, offering 5.70% for a five-year deposit in Australia and 4.79% in New Zealand. This article compares the rates, guarantees, and safety for both countries.

Rabobank Australia 5-year term deposit rate: 5.70% p.a. ·
Rabobank New Zealand 5-year term deposit rate: 4.79% p.a. ·
Australian Government guarantee per account holder: $250,000 ·
Minimum deposit requirement: $1,000 ·
Highest term deposit rate among Australian banks (July 2026): 5.70% (Rabobank 5-year)

Six key facts about Rabobank term deposits, at a glance:

Is Rabobank safe for Term Deposits?

How does the Australian Government Guarantee work for Rabobank term deposits?

Rabobank Australia is an Authorised Deposit-taking Institution (ADI) regulated by the Australian Prudential Regulation Authority (APRA). That means it qualifies for the Financial Claims Scheme, which guarantees deposits up to $250,000 per person per ADI (Rabobank Australia official site). If Rabobank were to fail, the government would repay covered deposits within a week.

What is Rabobank’s credit rating?

Rabobank Group, the parent cooperative, is rated Aa2 by Moody’s and A+ by S&P — both solid investment-grade ratings (Rabobank Group credit ratings). However, the rating for Rabobank Australia itself is not separately published.

Are term deposits at Rabobank covered by the Financial Markets Authority in New Zealand?

Rabobank New Zealand is registered with the Financial Markets Authority (FMA) and is a licensed deposit taker. However, New Zealand does not have a permanent deposit guarantee. A temporary Crown Retail Deposit Guarantee Scheme covers up to NZ$100,000 per depositor until July 2023 (now expired, though some transitional protections may apply) (MoneyBalance New Zealand banking review).

The implication: Australian deposits are effectively risk-free up to $250,000; New Zealand deposits carry a sliver more risk, though Rabobank’s parent rating and cooperative structure add stability.

Which bank is offering the highest term deposit rates?

Which bank gives 7% interest on fixed deposits?

As of July 2026, no Australian or New Zealand bank offers 7% on term deposits. Some small finance banks in India offer rates above 7% on fixed deposits (BankBazaar India FD rates), but that’s a different market. In Australia, the highest widely available rate is 5.70% (Rabobank 5-year).

Which bank gives 9 percent interest?

As of July 2026, some small finance banks in India offer fixed deposit rates up to 9% for certain tenors (BankBazaar India FD rates). These rates are not available in Australia or New Zealand.

What are the current best term deposit rates in Australia?

Rabobank Australia currently leads with 5.70% for 5 years. For shorter terms, some neobanks and smaller ADIs offer up to 6% for 1-year deposits (Canstar term deposit comparison).

What are the current best term deposit rates in New Zealand?

Rabobank New Zealand offers 4.79% for 5 years. Other banks like Heartland Bank and SBS Bank may offer slightly higher rates on shorter terms, but none exceed 5% (termdepositrates.co.nz comparison).

Four rates across two countries, one pattern: long-term Rabobank rates are competitive but not market-leading in all terms.

The pattern: Australia consistently pays about 1 percentage point more than New Zealand for the same term, reflecting higher RBA cash rates and competitive pressure.

Can I have multiple Rabobank Term Deposits?

How do I open a second Rabobank term deposit?

Yes, Rabobank allows multiple term deposits per account holder. Each deposit must meet the $1,000 minimum (Rabobank Australia official site). You can open additional deposits through online banking without contacting support.

Is there a limit on the number of term deposits I can hold?

No published limit exists. However, the maximum total deposit across all accounts is $2,000,000 per client for Rabobank Australia (Rabobank Australia personal rates page).

Can I have multiple term deposits with different terms?

Absolutely. You can choose any combination of terms from 1 month to 5 years, each with its own interest rate and payout frequency (Rabobank New Zealand official site).

The trade-off: more deposits mean more management, but the flexibility is genuine — especially for ladder strategies that smooth out interest rate risk.

Which bank gives 7% interest on fixed deposits?

Which banks in India offer FD rates above 7%?

Small finance banks like Equitas Small Finance Bank and AU Small Finance Bank offer fixed deposit rates between 7% and 9% for certain tenors (BankBazaar India FD rates). These rates are not comparable to Rabobank as they come with higher risk and different regulatory frameworks.

Are there any Australian banks offering 7% on term deposits?

No. The highest Australian term deposit rate as of July 2026 is 5.70% (Rabobank 5-year). Some smaller lenders offer 6% for 12 months, but nothing above that (Canstar term deposit comparison).

What about New Zealand banks offering 7%?

No NZ bank offers 7% on term deposits. The maximum is around 4.9% from Rabobank and a few others (termdepositrates.co.nz comparison). The 7% figure is a red herring for savers in developed markets — it only exists in higher-inflation economies with more volatile banking sectors.

The catch: chasing a 7% rate outside your home jurisdiction introduces currency and regulatory risks that likely outweigh the extra yield.

Which 3 banks are too big to fail?

What does ‘too big to fail’ mean?

“Too big to fail” (TBTF) refers to institutions whose collapse would cause systemic economic damage, making government bailouts probable. Regulators designate them as Domestic Systemically Important Banks (D-SIBs).

Which banks are considered too big to fail in Australia?

The Australian Prudential Regulation Authority (APRA) has designated the Big Four — Commonwealth Bank, Westpac, NAB, and ANZ — as systemically important (APRA guidelines). Rabobank Australia is not in that group.

Is Rabobank considered too big to fail?

No, not in Australia or New Zealand. Rabobank is a cooperative with a smaller market share in both countries. However, its parent cooperative in the Netherlands, Rabobank Group, is a systemically important institution under European supervision (Rabobank Group credit ratings).

The perspective: Rabobank isn’t too big to fail locally, but its parent is — adding a layer of implicit support that smaller banks lack.

Upsides and Downsides

The choice depends on your jurisdiction and appetite for risk.

Confirmed and Unconfirmed Aspects

Confirmed facts

• Rabobank Australia is an ADI with Australian Government guarantee up to $250,000 (Rabobank Australia official site)
• Rabobank offers competitive long-term rates in both Australia and New Zealand (Rabobank Australia, Rabobank New Zealand)
• Multiple term deposits are allowed with a $1,000 minimum (Rabobank Australia FAQ)

What’s unclear

• Whether Rabobank will continue to lead on rates in coming months
• Exact credit rating of Rabobank Australia (not publicly disclosed in provided inputs)
• Whether term deposits in New Zealand have any explicit government guarantee beyond the expired temporary scheme (MoneyBalance New Zealand banking review)

Understanding these distinctions helps you make an informed decision.

What Experts Say

“Rabobank Australia now offers 5.70% for a 5-year term deposit, breaking the 5% benchmark for the first time in years.”

Savings.com.au (Australian savings comparison site)

“Term deposit rates are fixed for the term and may change when reinvested after maturity.”

Rabobank Australia official website

For Australian savers, the choice is clear: Rabobank’s 5.70% five-year rate is among the safest and highest you can lock in today, backed by a government guarantee. For New Zealand savers, the 4.79% rate is competitive but comes without the same safety net, so laddering maturities and shopping around remains wise. Either way, if you’re holding cash for the long haul, Rabobank deserves a spot on your shortlist.

Related reading: Best Term Deposit Rates NZ for Seniors 2025: Compare Top Offers · New Zealand Dollar to Australian Dollar: Live Rates & Guide

For a broader market view, you can compare NZs top rates to see where Rabobank stands against local competitors.

Frequently asked questions