The comment stream

Join the Interest community to be a registered commenter so you can:
- Edit your comments
- Avoid the CAPTCHA
- Vote on comments
Register Here

Already registered? log back in here ..

Forgotten your password? No problem! Click here

Finance sector jobs

Senior Liability Underwriting Manager
Lead from the front utilising your strategic, technical and leadership qualities within th...more
New Zealand
Senior Liability Product Underwriter - Product Management
Lead from the front utilising your technical expertise in this highly attractive senior li...more
New Zealand
High Performing Senior Liability UnderwriterHigh Performing Senior Liability Underwriter
Customer focus, high performance, exceeding client expectations and achieving profitable g...more
New Zealand
Head of Retail Credit -Wellington, NZ
Key leadership position in the bank. Be a part of one of the fastest growing banks in New ...more
New Zealand
efinancialcareers.com

Reader poll

Should you fix your mortgage now or stay floating?

Choices

Raboplus raises deposit rates following RBNZ decision to hold OCR

Posted in News

Raboplus was the first bank to break the silence following the Reserve Bank's decision to leave the Official Cash Rate on hold at 2.5% yesterday. Rabo announced it would increase its one through to five year term deposit rates by between 20 and 30 basis points (bps).

Rabo raised its one year deposit rate by 20 bps to 3.05%; its two year rate by 25 bps to 4.10%; three year by 25 bps to 5.35%; four year by 30 bps to 5.90%; and five year by 30 bps to 6.40%.

See all term deposit rates for terms less than one year here, and for terms one year and over here.

Click here to see Bernard Hickey's latest Mother-in-Law's guide to term deposit rates.

We welcome your help to improve our coverage of this issue. Any examples or experiences to relate? Any links to other news, data or research to shed more light on this? Any insight or views on what might happen next or what should happen next? Any errors to correct?

We welcome your comments below. If you are not already registered, please register to comment in the box on the right or click on the "'Register" link at the bottom of the comments. Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making these comments.

5 years will be 10%

5 years will be 10% by Christmas:)

Rabo snubbing it's nose at Bollard. They did not need the Govt Guarantee and actually said they could guarantee the Government!