 |
|
Rabobank New Zealand Limited (RNZL) is one of the largest rural lenders and a significant provider of business and corporate banking and financial services to the New Zealand food and agribusiness sector. It is a subsidiary of Rabobank Group, Netherlands, one of the world’s most sound and sustainable financial institutions. Rabobank New Zealand operates in four core businesses: Rural Financial Services, Corporate Financial Services, Business Banking and RaboDirect. It offers farm loans, equipment finance, tailored finance solutions, corporate lending, asset based finance, short term and long deposits, risk management and other services. Rabobank is currently the third largest lender to primary producers in New Zealand and the second largest in Australia. RaboDirect, a division of Rabobank New Zealand, is New Zealand's first internet only bank specialising in savings and investments and it doesn’t offer traditional banking products like cheques, high-interest loans, mortgages and credit cards. As of June 30, 2015, Rabobank NZ had total assets of NZD 14.409 billion, loans of NZD 10.529 billion and total deposits of NZD 4.777 billion.
RaboDirect Personal Savings Account Rates
| Interest rate | 2.50% p.a. |
| Minimum deposit | $1 |
| Minimum balance | None |
| Transfers in/out | Free |
| Account fee | None |
Rates as of November 17, 2015
Compare interest rates
| Bank | Product name | Rate (p.a.) | Fees | Minimum balance |
| RaboDirect | Online Call | 2.50% | None | $0 |
| ANZ | Online Call | 1.90% | None | $1 |
| ASB | FastSaver | 1.80% | None | $1 |
| BNZ | Personal OnCall | 2.30% | n/a | $1 |
| KiwiBank | Online Call | 1.50% | None | $2,000 |
| Westpac | On-line Saver | 2.20% | None | $1 |
Rates as of November 17, 2015