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Raboplus raises 3 month term deposit rate

Raboplus raises 3 month term deposit rate

Raboplus raised its three month deposit rate by 20 basis points to 4.50%. The rate is for deposits over NZ$1,000. It follows a move by ASB, which raised its three month term deposit rate for deposits over NZ$10,000 by 100 bps to 4.50% at the start of the week. SBS Bank is currently offering a special three month rate of 4.65% for deposits over NZ$5,000. See and compare term deposit rates (one year and over) here. And here (less than one year).

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