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The Ten Year Deposit for Serious Savers

Due to the current volatility in the international money markets and in combination with Rabobank's strong credit rating we are currently not able to offer competitive rates suitable for the Irish market for any Term Deposit up to 4 years. A better option is to put your money on demand at 1.90% AER*, variable. Your choice. Just thought we'd let you know.

Our 5 and 10 Year Fixed Term Deposit Account really marks our card as a committed partner for your savings. We're safe now and safe for the future and we're here to stay. So if you're looking to fix and you've a lump sum you'd like to put somewhere really secure for a while, well okay a little longer than 'a while', why not put it with us?

Remember, you can still get at your interest monthly, every 3 months, every 6 months or every year if you choose to go long haul. It's up to you.

  • 10 Year Fixed Term Deposit
  • Start with just €500
  • Choice of interest payment options 
  • No limit on the amount you deposit
  • Receive a fixed rate of interest
  • Low risk, competitive returns over the longer term


Longer Term Deposit
Account Rates		Examples of total interest
earned on:
Term   AER Fixed Interest Rates* (>€500)Gross Return10K15K20K50K100K
10 years
3.55%
35.50%
€3,550€5,325€7,100€17,750€35,500
5 years
2.55%
12.75%
€1,275€1,912€2,550€6,375€12,750
4 years
2.20%
8.80%
€880€1,320€1,760€4,400€8,800
3 years
1.90%
5.70%
€570€855€1,140€2,850€5,700
2 years
1.60%
3.20%
€320€480€640€1,600€3,200

* AER is the Annual Equivalent Rate which is DIRT deductible. Examples of total interest earned based on payment of annual interest. Interest earned does not compound annually on the term deposit. Rates shown reflect that. All interest is paid into your chosen RaboDirect Account i.e. RaboDirect Savings Account, based on the interest frequency you select when opening your Term Deposit Account

Interest Rates and Frequencies
Use the table below to see what the interest rates are for the various interest payment frequencies on offer. Please note that AER refers to the Annual Equivalent Rate. All rates may be subject to DIRT Tax at the prevailing rate:

TermInterest Paid Annually*Interest Paid Monthly*Interest Paid Quarterly*Interest Paid Semi-Annually*
10 Yr3.55%
(35.50% Gross)
3.55%
(35.50% Gross)
3.55%
(35.50% Gross)
3.55%
(35.50% Gross)
5 Yr2.55%
(12.75% Gross)		2.55%
(12.75% Gross)		2.55%
(12.75% Gross)		2.55%
(12.75% Gross)
4 Yr2.20%
(8.80% Gross)		2.20%
(8.80% Gross)		2.20%
(8.80% Gross)		2.20%
(8.80% Gross)
3 Yr1.90%
(5.70% Gross)		1.90%
(5.70% Gross)		1.90%
(5.70% Gross)		1.90%
(5.70% Gross)
2 Yr1.60%
(3.20% Gross)		1.60%
(3.20% Gross)		1.60%
(3.20% Gross)		1.60%
(3.20% Gross)
18 M1.30%
(1.95% Gross)		1.30%
(1.95% Gross)		1.30%
(1.95% Gross)		1.30%
(1.95% Gross)
1 Yr1.10%
1.10%
1.10%
1.10%
6 M0.60%
(0.30% Gross)		N/AN/AN/A
3 M0.35%
(0.087% Gross)		N/AN/AN/A
1 M0.30%
(0.02% Gross)		N/AN/AN/A

* AER. This is the Annual Equivalent Rate which is DIRT deductible. Interest earned does not compound on the term deposit account. Rates shown reflect that. All interest is paid into your chosen RaboDirect Account i.e. RaboDirect Savings Account, based on the interest frequency you select when opening your Term Deposit Account

How is interest applied?

Term Deposits with a term of 1 to 6 months
Interest is paid on maturity of a term where the Term Deposit is less than 1 year, minus the Deposit Interest Retention Tax (DIRT), if applicable. However if you select to re-invest your initial lump sum and your interest earned on maturity, your monies will be lodged back into a new Term Deposit account at the prevailing rate. Rates shown reflect interest as if paid annually.

Term Deposits with a term of 1 to 10 years
Interest earned minus the Deposit Interest Retention Tax (DIRT), if applicable, is paid based on the 'Interest frequency' you have selected i.e. Monthly, Semi Annually, Quarterly or Annually, into your selected account i.e. RaboDirect Savings Account. Interest earned does not compound annually. Rates shown reflect that.

Note: For Term Deposits opened before 05th November 2009, interest for 1 year and over will be applied on the anniversary of your Term Deposit. For Term Deposits opened before December 2008, all interest is applied on maturity of the Term Deposit e.g. A 5 year term Deposit which started in June 2007 will not receive interest until June 2012.

How do I set up a Business Term Deposit Account?
Setting up a Term Deposit:
1.Log in to your RaboDirect accounts click on 'Term Deposits' and select 'New term deposit'.
2.In the 'From account' box select the account you wish to debit the funds from i.e. Your RaboDirect Savings Account.
3.Enter the amount you wish to put into the Term Deposit in the 'Amount' box.
4.Under 'Term' select a term of your choice e.g. 2 years, 10 years etc.
5.Under 'Your interest options' select your 'Interest frequency'. For terms from 1 - 10 years you can now choose to have your interest paid Monthly, Semi Annually, Quarterly or Annually. Once you've made your interest frequency choice, the 'Rate (AER)' box will display the rate you'll receive.
6.For Terms of under 1 year you have the option to select 'What would you like to do with your Term Deposit when it matures?'. You can choose to either re-invest your principle only, re-invest your principle and interest OR not to re-invest at all which would mean that on maturity, your entire Term Deposit amount would be re deposited to your selected account i.e. RaboDirect Savings Account.
Please note: When making your choices on the above, you must be aware that the if you decide to re-invest, the interest rate available at that time may be lower or higher than the current rate for this term. We just wanted to let you know that.  
7.Click on 'Next', review the Term Deposit request and sign off the action with your Digipass. Your Term Deposit has only been successfully set up once you receive the confirmation message on screen.

Existing Business Savings Account Customer

If you're an existing RaboDirect Business Banking customer and already have a Business Savings Account, simply click on the Term Deposits option from within your secure account.

New to RaboDirect Business Banking?

If you're not yet a RaboDirect Business Banking Account customer, open your online account today. Once your Business Savings Account is open, you can access the Business Term Deposit option from within your secure account with RaboDirect.

What happens when the Business Term Deposit matures?

For terms under 1 year you have three options to choose from under the section 'What would you like to do with your Term Deposit when it matures?

  1. Re-invest your principle only - and the interest earned minus the Deposit Interest Retention Tax (DIRT) (if applicable) will be paid into your selected account i.e. RaboDirect Savings Account. 

  2. Re-invest your principle and interest - your interest earned minus the Deposit Interest Retention Tax (DIRT) (if applicable) will be reinvested into a new Term Deposit along with your initial lump sum. 

  3. Or not to automatically re-invest your Term Deposit.  If this option is selected the initial lump sum plus the interest earned minus the Deposit Interest Retention Tax (DIRT) (if applicable) will be paid into your selected account i.e. RaboDirect Savings Account.

For terms of 1 year and over the initial lump sum will be paid into your selected account at maturity i.e. RaboDirect Savings Account. Note: Your interest earned minus the Deposit Interest Retention Tax (DIRT) is paid based on the 'Interest frequency' you have selected i.e. Monthly, Semi Annually, Quarterly or Annually, into your selected account i.e. RaboDirect Savings Account. Interest earned does not compound annually. Rates shown reflect that.

What happens to my interest on maturity?

On the agreed maturity date you will receive the interest, minus Deposit Interest Retention Tax (DIRT) (if applicable). Interest earned does not compound annually. Rates shown reflect that. We automatically transfer your savings and the interest to your RaboDirect Business Savings Account.

Note: Withdrawing early from a Business Term Deposit will incur a charge, for more information please contact our Customer Contact Centre.

You can always extend your Business Term Deposit Account and your savings will continue to grow. The same term length and the new fixed rate as at the date you reinvest will apply every time you extend your Business Term Deposit.

Note: Withdrawing early from a Term Deposit will incur a penalty, for more information please contact the Contact Centre at info@rabodirect.ie