A term deposit is a savings product where you lock in your money for a fixed period at a fixed interest rate. At Rabobank, we offer attractive interest rates on term deposits with various terms.
With a term deposit, you lock in your money for a period of your choice. The longer the term, the higher the interest rate.
The interest rate is fixed for the entire term. So you know exactly what you will earn.
Your money is protected by the deposit guarantee scheme up to €100,000 per account holder.
| Term | Interest (p.a.) | Minimum Deposit |
|---|---|---|
| 3 months | 2.50% | €1,000 |
| 6 months | 2.75% | €1,000 |
| 1 year | 3.00% | €1,000 |
| 2 years | 3.25% | €1,000 |
| 3 years | 3.50% | €1,000 |
| 5 years | 3.75% | €1,000 |
* Interest rates are indicative and may vary. For current rates, please contact our customer service.
A Term Deposit is a savings account where you lock in your money for a pre-agreed period at a fixed interest rate. The term and interest rate are known at the start.
The main advantages of a Term Deposit are:
In principle, it is not possible to withdraw money from a Term Deposit before the end of the term. In exceptional cases, the bank may make an exception, but this usually involves costs.
At the end of the term, the deposited amount plus the accrued interest is released. You can then choose to reinvest the money in a Term Deposit, transfer it to another account, or withdraw it.
You can easily open a Term Deposit via online banking or at one of our branches. You will need a current account with Rabobank for this. Our advisors will be happy to help you choose the right term and open the account.