Fees & Features of RaboPlus Term Deposits

A Term Deposit - on your terms

Our Term Deposits offer these very attractive features:

Minimum deposit only $1000	$1000
Large range of terms	1 month to 5 years
Account Fees	NONE
Auto reinvest option	YES
Interim Interest Payments	YES (1 to 5 years)
Access To Managed Funds & On-Call Savings	YES
Funds deposited with NZ's safest bank	YES

Auto Reinvest Option

Regular Savings Plan If you want to continue investing in a particular Term Deposit when it matures, then our Auto Reinvest option lets you do this automatically.

Plus, when you set a Term Deposit to Auto Reinvest you can choose to either reinvest the interest earned (getting the benefits of compounding interest) or have the interest paid into your On-Call Savings Account.

Interim Interest Payments

Term Deposit Clock An Interim Interest Payment is when you choose to receive monthly, quarterly or six-monthly interest payments instead of interest paid at the Term Deposit maturity date. This option is available for 1-5 year Term Deposits.

Interim Interest Payments are ideal for people looking to receive a regular income from their savings, much like a salary.

Printable Tax Certificates & Statements

Most banks give you the option to print off statements, but how many go as far as letting you print of your Tax Certificates as well?

At RaboPlus your Statements and Tax Certificates are generated dynamically and stored historically for your convenience. So when it's time to arrange your finances you can instantly print the copies you need.

Instant access to Managed Funds

Bull Bear The hardest thing about investing in Managed Funds from your Savings Account is choosing which Managed Fund to invest in.

At RaboPlus we provide access to over 35 Managed Funds from 6 Fund Providers spread across 10 investment categories including Cash, Property and Equities. To get started simply find a fund that matches your appitite for risk.

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Want to talk?
Call 0800 22 44 33 Monday - Friday
8am - 7pm

Want to talk?
Call 0800 22 44 33
Monday - Friday
8am - 7pm

Term Deposit Reviews

You've rated us 3 out of 5

Five stars for integrity and honesty and listening to your customers for re-establishing the practice of showing the most recent reviews on the first page of the term deposits section, and not picking out the best reviews. Though I think you could return the comment box to the first page too (and made it bigger; it's tiny), to keep encouraging comments.If you could manage some competitive short term term deposits that would be great too; I'd love to have one of these with RaboPlus.

Mike Heath: Jim, thanks for the feedback. Transparency is key to what we do and say, and by ensuring that we show the latest reviews is an essential part of our relationship with Kiwis. I’ll have a chat with our designer re the comment box.

Reviewer: Jim

It's nice to see rabo's rates are getting better... their long term rates pretty much match or beat those of the main banks. As for short term rates, they're still a little low, but, at least now, they're competitive.

Mike Heath: Randy, thanks for taking the time to let us know what you think – it’s appreciated.

Reviewer: Randy

All the economic signs are that the economy will slowly improve over the next 3 - 5 yrs or so.Maybe that's why you are offering poor O/C rates and not very competitive longer term fixed rates, you are resting on your laurals and hoping investors will lock money in at lower rates longer term when it's quite evident that lending rates will improve, enabling you to 'cream it'? A fairly common practise with any bank I reckon. In the meantime I'll shop around and stay alert. Cheers.

Reviewer: Pete