Raboplus lifts term deposit rates, 5 yr to 6.50%

Raboplus has lifted rates for all of its term deposits, with its three, four and five year rates up by between 100 and 110 basis points to be the highest currently offered by a bank in New Zealand. To see a list of term deposit rates offered in New Zealand, see here (less than on year) and here (one year plus). Here are the changes:

One month: Up 15 bps to 3.30% Three month: Up 25 bps to 3.30% Six month: Up 20 bps to 3.15% One year: Up 45 bps to 3.45% Two year: Up 85 bps to 4.50% Three year: Up 100 bps to 5.60% Four year: Up 105 bps to 6.05% Five year: Up 110 bps to 6.50%