Savings account vs term deposit
Rabobank PremiumSaver vs term deposit
vs
Compare on
Interest over 1 year on $50,000
$2,825
5.65% a year, conditions met
$2,625
5.25% a year · paid at maturity
Over 1 year on $50,000, Rabobank PremiumSaver pays $2,825 with its conditions met; Rabobank's 12-month term deposit pays $2,625.
Worked out on $50,000 until you pick a balance
RabobankPremiumSaver
RabobankTerm deposit
Figure by figure
Interest over 1 year
on $50,000
$2,825
with its conditions met
+$200 · More interest over the term
$2,625
paid at maturity
Interest over 1 year without meeting the conditions
on $50,000
$400
at the base rate
$2,625
no monthly conditions
Rate over the term
a year, on $50,000
5.65%
with its conditions met
+0.40 · Higher rate over the term
5.25%
fixed for the term
Asked of you each month
- A balance at least $200 higher than it started
Nothing
the money stays put
Getting the money out
Any time
no notice needed
Locked for 1 year
31 days’ notice to break it early, usually at a lower rate
Can the rate change?
Yes, at any time
the bank sets it
No
fixed for 1 year
Minimum to open
None
$1,000
up to $2,000,000
Who can open it
Anyone 18 or over
Anyone
How they differ
- A savings rate can change at any time. Rabobank PremiumSaver's figure holds today's rate for 1 year.
- A term deposit's rate is fixed for the term, but the money is locked in: breaking it early needs 31 days' notice and usually costs some of the interest.
- Both are covered by the Financial Claims Scheme, up to $250,000 per person at each bank. Money in both at Rabobank shares that one $250,000.
Rabobank Online Term Deposit at every term
The rate the balance above gets at each term, and the interest it pays over that term.
1 monthPaid at maturity1.95%$81
9 monthsPaid at maturity5.15%$1,931
1 yearPaid at maturity5.25%$2,625
15 monthsPaid quarterly3.45%$2,156
18 monthsPaid half-yearly3.50%$2,625
3 yearsPaid annually5.10%$7,650
4 yearsPaid annually5.15%$10,300
5 yearsPaid annually5.25%$13,125
As of 2 November 2026, over 1 year on $50,000, Rabobank PremiumSaver pays $2,825 with its monthly conditions met; Rabobank's 12-month term deposit pays $2,625 at 5.25%. Figures are the bank's published rates, worked out on the balance above as simple interest. Each row says which figure is higher; it doesn't say which one suits you.