RaboPlus On Call Account - 5 Star Cannex Rating for the 3rd year in a row!

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RaboPlus On Call Account - 5 Star Cannex Rating for the 3rd year in a row!

Submitted by Mike Heath on Thursday, 26 March 2009 | Category: RaboDirect

For the 3rd year in a row our On Call Savings account has been awarded a 5 Star rating, the highest available, from Cannex. 

To quote Richard McClelland (Head of Institutional Services, Cannex) - "These ratings were based on a thorough review of deposit accounts using the Cannex star ratings methodology".

The Cannex ratings methodology considers characteristics of deposit products such as – Interest Rates; Fees; Free Transactions; Accessibility; Rebates; and Features. With the 5 star rating described by Cannex as a "Superior Product".

It’s great to be able to once again achieve the highest rating possible!

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3 Comments

Comment by Adrian de Graaf on 28-03-2009 08:44


What the heck does Cannex mean? Do you mean Caltex? Another fancy name with a for the investor meaningless quantity?
We have had too many ratings institutions who in the end are worthless and meaningless. They stand in the end for nothing.

Adrian de Graaf


Comment by Mike Heath on 30-03-2009 09:41


Adrian, please visit http://www.canstar.co.nz/ to learn more about Cannex.

Comment by Guru on 02-04-2009 12:17


Well, "Cannex" may be confused with "Caltex" by few, but any informed investor would know about "Standard & Poor" or "Moodys". I am sure they would like to see the links below:

http://www.raboplus.co.nz/binaries/SP_tcm36-66627.pdf

http://www.raboplus.co.nz/binaries/Moody_tcm36-66628.pdf

If they had already seen it, then any further ratings should be considered icing on the cake, not the cake itself, if you know what I mean.

Regards.

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