Banks increase term rates

There’s a raft of rate increases coming through following the Reserve Bank’s official cash rate increase.

Saturday, 10 March 2007

It says these new rates put the bank at the top of the market among main banks for 90-days and 12-month terms.

Rabo has put its online savings account rate up from 7.35% to 7.50%. Also its term deposits have increased recently with 8.00% for 12 months, 7.75% for six months and 7.65% for three months.

BNZ has also increased its six month rates slightly to 7.60%.

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Deposit Rates go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.