About Us  |   Advertise  |   Contact Us  |   Terms & Conditions  |   RSS Feeds
deposit rates

RaboDirect still leading in rates comparison

Tuesday, 8 March 2011

The past week has seen major banks making cuts to their deposit rates in anticipation of a rate cut by the Reserve Bank of New Zealand this month.

The above graph shows the 12-month rate for a min $10,000 for each bank.

The cuts to the 12-month term deposit rate over the past week have been from 35 basis points through to as much as 60 basis points however RaboDirect, who have had the lead rate in this term for quite sometime, remained unchanged.

Comments from our readers

On 19 August 2011 at 6:41 pm John Piggot said:
logging on to your web site, selecting News, there is a heading "Robobank still leading in rates comparison." It then gives a graph with Robobank showing 5.5% term deposit rate.
However the date of the item is 8 Mar 11.
Surely you should update your website to reflect the current situation/date!
J Piggot
On 22 September 2011 at 10:20 pm Tony Shaw said:
his is way out of date and therefore totally irrelevant. Rabodirect's cuurent 12 month rate is 4.3% (standard interest), no compounding interest or PIE alternative. No better than any, and worse than some bank rates.
Commenting is closed


Printable version


Email to a friend
Newsletter Signup

Weekly Updates including news and commentary

Today's Best Bank Rates
Rabobank 5.25
Based on a $50,000 deposit    More Rates »
Today's Top 5 Deposit Rates
Rabobank 5.25 Rabobank PremiumSaver - max rate
Squirrel 5.00 On-Call accounts
Co-operative Bank 4.75 Step Saver - current bonus and standard rate
Heartland Bank 4.60 Heartland Direct Call
Heartland Bank 4.60 Heartland Business Call
Based on a $50,000 deposit    More Rates »
Find a Rate
Show me the rates for
invested over
Use the full calculator
Cash PIE Rates
Institution Rate 30% 33%
ANZ 2.75 - -
ASB Bank 2.90 - -
ASB Bank 2.90 - -
ASB Bank 2.90 - -
ASB Bank 2.90 - -
ASB Bank 2.90 - -
BNZ - - -
Heartland Bank 4.60 - -
Kiwibank - - -
Kiwibank 4.50 - -
Nelson Building Society - - -
SBS Bank - - -
TSB Bank 3.35 3.35 3.63
Westpac 4.50 - -
Westpac 1.00 - -
Westpac 3.50 - -

More »

Previous News
Latest Trends
Coming Soon

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 1997-2023. Tarawera Publishing Ltd. All Rights Reserved.