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RaboPlus a market leader for on call interest rate

MEDIA RELEASE Friday 14 March 2008

RaboPlus a market leader for on call interest rates

Wellington – Online banking service has lifted its on call interest rate to 8.35% making it one of New Zealand’s market leaders for online investment returns.

“The RaboPlus on call rate is one of the highest rates available in the market. This is one of our most competitive rates to date,” says RaboPlus’ General Manager Mike Heath.

RaboPlus has a strong record as a market leader in On Call and Term Deposit interest rates for smart and savvy investors.

“We are committed to providing the best returns for investors and are pleased to continue to offer among the highest rates available in this area,” Mr Heath said.

Selected term deposit rates have risen as follows:

Product New rate from March 14 Previous rate

On Call 8.35% 8.25%

1 Month 8.40% 8.30%

6 Month 8.80% 8.65%

1 Year 8.80% 8.75%

© Scoop Media

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