You are here: Home > Term Deposits

Term Deposits

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. We're offering a rate of 3.10% Fixed, gross/AER** for amounts from €0 to €20,000 effective until 2/04/12 with the Standard variable rate applying thereafter. A Standard variable rate of 2.4% Gross/AER** on remaining amounts above €20,000. So don't hang about.

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)
3.50%
(35.0% Gross)
3.50%
(35.0% Gross)
3.50%
(35.0% Gross)
5 Yr2.55%
(12.75% Gross)
2.50%
(12.50% Gross)
2.50%
(12.50% Gross)
2.50%
(12.50% Gross)
4 Yr2.20%
(8.80% Gross)
2.15%
(8.60% Gross)
2.15%
(8.60% 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 M1.40%
(2.10% Gross)
1.41%
(2.11% Gross)
1.41%
(2.11% Gross)
1.41%
(2.11% Gross)
1 Yr1.25%
1.25%
1.25%
1.25%
6 M0.75%
(0.37% Gross)
N/AN/AN/A
3 M0.45%
(0.11% 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.

Got some more questions?

check out our Term Deposit FAQs

Want to open a Term Deposit Account?

click here to open a Term Deposit Account

 

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