- Minimum deposit
- $1,000
- Term
- 1 month to 5 years
- Interest paid
- On maturity, or annually on longer terms
- Credit rating
- A+ (S&P)
- Depositor Compensation Scheme
- Yes — up to $100,000 per depositor
- How to apply
- Online, with a linked NZ bank account
About this term deposit
Rabobank New Zealand Limited is a registered New Zealand bank and part of the Rabobank Group, a Dutch co-operative that has financed agriculture for more than a century. In New Zealand it lends almost entirely to farmers and growers — including a good chunk of the Bay of Plenty kiwifruit sector — and funds that book with retail term deposits and online savings.
Because it has no branches, no transaction accounts and no credit cards, its cost base is thin and the rate is where it competes. An A+ rating from S&P makes it the highest-rated bank in our top five, several notches above the specialist lenders that usually sit at the top of the rate tables.
Deposits sit alongside the RaboSaver and PremiumSaver on-call accounts, so maturing money can park at call while you decide where it goes next.
Good for
- ✓Savers who want a high rate without dropping credit quality
- ✓Rural and lifestyle-block customers already banking with Rabobank
- ✓Balances over the $100,000 scheme cap where the rating matters
- ✓Set-and-forget savers comfortable online
Watch out for
- !No branches and no everyday banking
- !Funds must move via a linked New Zealand bank account
- !Early withdrawal requires notice and reduces interest
- !Rate applies to new deposits and can change without notice
What could this pay?
- Rate
- 5.10% p.a.
- Interest / year
- $1,275
- Over the term
- $1,275
Simple-interest illustration in NZD, gross of tax. Resident withholding tax or PIE tax will be deducted, and compounding options may change the result. Not a quote.
Questions Kiwis ask
Is Rabobank a New Zealand bank?
Rabobank New Zealand Limited is registered with and supervised by the Reserve Bank of New Zealand, and it is a subsidiary of the Netherlands-based Rabobank Group. Deposits are held in New Zealand dollars.
Does the Depositor Compensation Scheme cover Rabobank?
Yes. As a licensed New Zealand deposit taker, eligible deposits are protected up to $100,000 per depositor per institution.
What is the minimum?
$1,000 for most terms, which is low for a bank with an A+ rating.
Can I add money during the term?
No. A term deposit is a fixed lump sum for a fixed period. To add more you open a second deposit, which may be at a different rate.
Rabobank New Zealand and all other company names, brands and logos referred to on this page are the property of their respective owners and are used for identification and comparison purposes only. TermDepositRate.co.nz is an independent website and is not affiliated with, endorsed by, sponsored by or acting as an agent for any provider named. Product details, indicative rates and commentary on this page are illustrative summaries only, are not sourced from or approved by the provider, and must not be relied on when making an investment decision.
Minimum deposit $1,000 · Interest paid on maturity · Rate indicative as at 29 August 2026.