Term Deposit Reviews - RaboPlus NZ

Reviewer: Joe

Quarterly compouding interest would make you unbeatable! why not do it?

Mike Heath: Joe clearly our customers would like this (see response to Mary in Jan). We'll be enhancing our TD offering quite significantly later in the year. Make sure you subscribe to ActiveMoney to keep abreast with news from RaboPlus.

Reviewer: Sharolyn Turrell

Good rates, but would be good if you had the option to pay accrued interest out monthly or quarterly as for some other banks, especially for terms over a year.

Reviewer: Mohammed Khan

your 30-90 days very attractive.

Reviewer: Mary

Excellent rates for 3 and 6 months, BUT why will you not allow monthly compounding interest? This would make the rates even better.

Mike Heath: Mary watch this space – later in the year we will be bringing quite a number of significant enhancements to our TD offering, which I’m sure you’ll be very happy with. Also have a look at the Cash Advantage Fund – it acts like a deposit product but with the PIE tax benefits.

Reviewer: Ravi Merai

Your 30-90 day rates are very impressive.

Reviewer: Warren Kurney

I negotiated with my bank an even higher term deposit rate, which is higher than your 1 year term rate. You kill the opposition for 1,3 and 6 months but you are behind in 1 year terms. Very happy with your image, (your front woman is very very cute) rates, (in general) website, but one year terms are very attractive to a lot of investors. At least 2 institutions have 1 year term rates higher than yours. Not complaining, just giving you some feed back. as you will know, I am a substantial investor with your very reputable bank.

Mike Heath: Warren thanks for taking the time to provide this feedback. At RaboPlus we will offer consistently high interest rates to our customers.

Reviewer: Giselle

Pretty Good. Would be better it you competted with the $5000-$10000 rates aswell.

Mike Heath: Giselle, sorry, not exactly sure what you mean? We offer the same high rates to everyone irrespective of their deposit balance without penalising those on lower balances.

Reviewer: Tim

consisitently the highest rates! says it all!

Reviewer: Wim

Great rates. Bat can I please also have a Australian foreign currency account with your Ozzie rates!

Mike Heath: Thanks Wim for the suggestion.  Currently offering foreign currency accounts is not in our immediate plans, however we will continue to monitor demand for them.