3 easy steps to become a RaboDirect customer



Apply online. Have your IRD number, bank account number, driver licence or passport number handy



Complete the simple
online form



A welcome pack with your Digipass and account number will be couriered to you


Not sure about what product is right for you?

Why Choose RaboDirect?

We specialise in savings and investments

  • We are NZ’s specialists in savings accounts, term deposits, cash PIEs and managed funds
  • We’re online only and you don’t have to switch banks

Friendly, Wellington-based service

  • Wellington-based team of highly trained staff
  • Award winning service
  • Contact us by phone, email, fax or freepost

We provide funding for rural New Zealand

  • 100% of your deposits are being used to fund the New Zealand food and agribusiness sector

Term Deposits FAQ's

How many Term Deposits can I set up?

During the initial Term Deposit account opening process you are only able to set up one Term Deposit, however, once you receive your Welcome Pack and Digipass you are then able to login and create as many Term Deposits as you wish.

Auto reinvest – set and forget option

Use our auto reinvest option if you plan to continue investing in a particular term when your term deposit matures. You can choose either to reinvest the interest earned or have it paid to your RaboSaver.

You can also change your reinvestment options online any time during the investment term. This includes changing the length of the next term or topping it up from your RaboSaver.

Maturity alert emails give you time to plan your next move

We’ll email you a few days before each term deposit matures. This gives you plenty of time to check the latest interest rates, pick a term and decide where next to invest your money.

Get a great rate for your nest egg