Banks increase term rates
There’s a raft of rate increases coming through following the Reserve Bank’s official cash rate increase.
Saturday, March 10th 2007, 5:27AM
It says these new rates put the bank at the top of the market among main banks for 90-days and 12-month terms.
Rabo has put its online savings account rate up from 7.35% to 7.50%. Also its term deposits have increased recently with 8.00% for 12 months, 7.75% for six months and 7.65% for three months.
BNZ has also increased its six month rates slightly to 7.60%.
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