RaboPlus lifts interest rates

RaboPlus lifts interest rates of 180 Day and 1 Year term deposits

Wellington – Online banking service www.RaboPlus.co.nz has raised interest rates on its 180 Day and 1 Year term deposits with effect from today.

“RaboPlus’ 180 Day term deposit has risen to 8.60% (from 8.45%), while the 1 Year rate has also risen to 8.60% (from 8.50%),” said General Manager of RaboPlus Mike Heath.

“The increases reflect our commitment to always offer amongst the best interest rates available.” Mr Heath said.

“However it doesn’t stop there.  RaboPlus.co.nz has the best credit rating of all banks in New Zealand – AAA from Standard and Poor’s, the highest rating possible – showing that our customer’s money really is safer with us.”

Selected term deposit rates have risen as follows:

New rate from Oct 4

Previous rate

180 Days

8.60%

8.45%

1 Year

8.60%

8.50%

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