Marac Finance launches 'Rapid Saver' account for regular savers

Marac Finance has launched a 'Rapid Saver' account for a range of terms from 12 months to 5 years that allows customers to start with a NZ$1,000 investment and then make regular monthly contributions with interest compounding monthly. The rates are the same as for regular debentures. All the rates can be seen here. * This article was first published yesterday in our daily subscription newsletter for the banking and finance industries. The email costs NZ$365 per annum and carries exclusive news and analysis for New Zealand banking and finance industry executives, regulators and investors. Sign up for a free trial here.