RaboDirect lone active bank in quiet term market
There was a lull in the term deposit space last week with no institution announcing any change to the interest rates.
Wednesday, 2 February 2011
by Sophia Rodrigues
The exception was RaboDirect which announced its second set of special rates this year. The bank offered 7.05% on five-year rates which was a good 30 basis points over Kiwibank's rate for the same term, and 35 basis points over its own regular rate. With a minimum deposit amount of just $5,000, the rate may have attracted good set of investors. RaboDirect doesn't indicate the maximum amount it is targeting.
On Monday, RaboDirect announced yet another specials but this time it seems to for a much longer period of 32 days compared with the usual about three days.
The most popular seems to be the 6.20% that RaboDirect is offering on three-year deposits for a minimum amount of just $2,000. The rate is 20 basis points over Kiwibank's 6% on a minimum $5,000 deposit. The bank is also offering 5.60% for nine months and 5.70% for one-year.
Commenting is closed
Find a Rate
28 February 2011
7 February 2011
2 February 2011
24 January 2011
17 January 2011
Cash PIE Rates
Weekly Updates including news and commentary
Disclaimer - Every possible effort has been made to keep the information in the tables and on this site as accurate as possible, however, neither the publisher, Tarawera Publishing, nor anyone engaged to compile the rates and this site accept any liability for inaccuracies or any loss suffered as a result. It is strongly advised that readers check loan details with providers. The full terms and conditions of this site can be found here.
© Copyright 1997-2016. Tarawera Publishing Ltd. All Rights Reserved.