Westpac's 'chopper' rate aims to trump Kiwibank's 'TD Tuesday'
26th May 09, 11:50am
by
In a sign that the term deposit war may be firing up again, Westpac today moved to try and trump Kiwibank's offer of 4.75% for a 100 day term deposit by introducing a new short term 'chopper' rate of 4.8% for 70 days. To be eligible for the rate, a customer must donate at least NZ$5 to the Westpac Rescue Helicopter. Like Kiwibank's offer, the new Westpac rate will be available for four days. Kiwibank marketed its special rate through its 'TD Tuesday' campaign.
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