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RaboPlus Standard Rate Now A Whopping 7.12% p.a. Effective

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RaboPlus Standard Rate Now A Whopping 7.12% p.a. Effective
Bargain4U on 13/11/2007 - 21:18 (www.raboplus.com.au)
This entry was posted 386 days ago

From midday Tuesday, 13 November 2007 the standard variable rate of RaboPlus is now 6.9% p.a., effective rate 7.12% p.a. (or APY - Annual Percentage Yield). + The promotional offer of 7.25% p.a. for balances up to $1 million until the 2/1/08.

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1 scotty on 13/11/2007 - 21:59

Here is the press release on PRWeb.

RaboPlus - the online banking division of AAA rated Rabobank -lifted its on-call variable interest rate from 6.70 per cent to 6.90 per cent per annum on its online savings deposits, effective from midday today, November 12, 2007

Head of financial services for Rabobank Australia & New Zealand Bryan Inch said: “This is the third rise in two weeks as we continue to provide market leading interest rates to all our customers.”

…

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bomb3rman on 15/11/2007 - 20:52

Hi Scotty,

I’m just wondering if RaboPlus charges for transactions to other banks?

I’m a Bankwest customer with Telenet Saver Accounts, are there any hidden fees/charges if I transfer money to and from Rabobank?

Thanks.

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1 Bargain4U on 16/11/2007 - 17:50

I can help you! :)

The RaboPlus savings account has absolutely NO fees!!! No thing, not anything, nil, null, zero, zilch, zip, zippo, zot, nix, zilch.

From their Terms & Conditions:

Savings Accounts

19.4 No fees are payable in respect of Savings Accounts.

Term Deposits

Termination fee: our break costs (as determined by us) plus a processing fee of up to $25.00

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1 scotty on 16/11/2007 - 18:01

Thanks Bargain4U.

Just to note that you probably cannot transfer between BankWest TeleSaver and RaboPlus, as both of them need to be linked to a intermediate transactional account.

Yup. No fees.

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bomb3rman on 18/11/2007 - 00:04

Thanks for that guys!