RaboPlus lifts rates of savings, term deposits

MEDIA RELEASE Friday August 24, 2007

RaboPlus lifts interest rates of on-call savings and term deposits

Wellington – Online banking service www.RaboPlus.co.nz has raised interest rates on its On Call, 30 Day, 90 Day, and 180 Day term deposits with effect from today.

“RaboPlus’ on-call savings account interest rate has risen to 8.00% from 7.85%,” said General Manager of RaboPlus Mike Heath. “With no strings attached, it’s a market leading rate.

“This increase, and those of selected term deposits, reflects the generally higher level of New Zealand interest rates and follows our commitment to always offer our customers the best interest rates available. We will continue to review RaboPlus’ rates regularly,” Mr Heath said.

RaboPlus has a strong record as a market leader in offering the highest rates available on its on-call, no fees account and term deposits.

As well as the new on-call rate of 8%, selected term deposit rates have increased as follows:

Term deposit length New rate from Aug 24 Previous rate

30 Day
8.15%
8.10%

90 Day
8.30%
8.20%

180 Day
8.45%
8.40%

1 Year
No change
8.60%

2 Year
No change
8.30%

3 Year
No change
8.20%

4 Year
No change
8.10%

5 Year
No change
8.05%

ENDS

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