RaboPlus lifts interest rates on term deposits

RaboPlus lifts interest rates on term
deposits

Wellington – Online banking service, RaboPlus, has raised the interest rates on a selection of its term deposits with effect from today.

“This increase reflects the generally higher level of New Zealand interest rates and follows our commitment to always offer our customers the best interest rates available,” General Manager Mike Heath said.

RaboPlus’ record as a market leader was recognised last month when it scooped the three categories it was nominated for in the Sunday-Star Times Cannex Banking awards, winning Best 90-Day Term Deposit, Best 1-Year Term Deposit and Best Online Savings Account.

The new rates are as follows:
Term Deposit length New rate from May 4 Previous rate
1 Month 7.75% 7.70%
6 Months 8.05% 7.95%
1 Year 8.20% 8.15%
2 Year 8.00% 7.90%

Rabobank Australia & New Zealand is a part of the international Rabobank Group, the world’s leading specialist in food and agribusiness banking. Rabobank has more than 100 years’ experience providing customised banking and finance solutions to businesses involved in all aspects of food and agribusiness. Rabobank has a AAA credit rating and is rated one of the world’s safest bank by Global Finance magazine. Rabobank operates in 43 countries, servicing the needs of more than nine million clients worldwide through a network of more than 1500 offices and branches.

Rabobank Australia & New Zealand is one of Australasia’s leading rural lenders and a significant provider of business and corporate banking and financial services to the region’s food and agribusiness sector.

The bank has 75 branches throughout Australasia. RaboPlus’ latest accolade is winning three awards in the Sunday Star Times Cannex Banking Awards for 2007: Best Online Savings Account, Best 90-day Term Deposit, and Best One-year term deposit.

ENDS

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