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Our 10 year fixed rate!

Not many banks can offer such long term fixed rates these days. So our 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 bonkers about saving 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’, where you’ll get a fixed rate for the next 10 years, why not put it with us?

Remember, you can still get at your interest monthly, every 3 months, every 6 months or every year. It’s up to you. Of course if 10 years is too long haul for you, we’ve shorter term rates on offer too.

  • NEW! 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   EAR Fixed Interest Rates* (>€500)Gross Return10K15K20K50K100K
10 years
3.25%
32.50%
€3,250€4,875€6,500€16,250€32,500
5 years
2.35%
11.75%
€1,175€1,763€2,350€5,875€11,750
4 years
2.05%
8.20%
€820€1,230€1,640€4,100€8.200
3 years
1.80%
5.40%
€540€810€1,080€2,700€5,400
2 years
1.45%
2.90%
€290€435€580€1,450€2,900

 * EAR. DIRT deductible. Examples of total interest earned based on payment of annual interest. 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.*
TermInterest paid annually/at maturityInterest paid monthlyInterest paid quarterlyInterest paid
semi annually
10 years3.25%3.20%3.20%3.20%
5 years2.35%2.30%2.30%2.30%
4 years2.05%2.00%2.00%2.00%
3 years1.80%1.80%1.80%1.80%
2 years1.45%1.45%1.45%1.45%
18 months1.15%1.15%1.15%1.15%
1 year0.80%0.80%0.80%0.79%
6 months0.50%n/an/an/a
3 months0.35%n/an/an/a
1 month0.20%n/an/an/a

* Term Deposits 1 – 6 months, Fixed, EAR. Term Deposit 1 year, Fixed, EAR. Term Deposit 18 months, Fixed, AER. DIRT deductible.

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.

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.

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