2008 Archive

RaboPlus launches the website www.bankarate.co.nz. The concept of the new site is like 'Grab a Seat' for Term Deposits.

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RaboPlus has successfully trialled what is believed to be a New Zealand first - www.BankaRate.co.nz.

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New Zealand cycling has signed a sponsorship deal with RaboPlus. RaboPlus is now the principal sponsor of New Zealand of BikeNZ.

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RaboPlus and BikeNZ announced today that RaboPlus is now cycling's principal sponsorship partner in New Zealand.

As the online savings and investment service of Rabobank, RaboPlus says partnering with BikeNZ is an opportunity to demonstrate its on-going commitment to New Zealand, as well as support and promote a sport that emphasizes sustainability, fun and freedom.

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Read recent press articles about the New Zealand Deposit Garauntee.

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Rabobank New Zealand Limited has been approved under the deposit guarantee scheme.

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Rabobank New Zealand Limited – the bank that offers the online savings and investment service RaboPlus.co.nz – has opted in to the New Zealand Government's deposit guarantee scheme. Rabobank New Zealand formally lodged its application with Treasury on October 14.

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The Global Finance magazine announced its annual ranking of the World's Safest Bank. Rabobank has again made the top list, a position that has been retained for 10 consecutive years.

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Take advantage of tax benefits created by a PIE (Portfolio Investment Entity).

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The Credit crunch has taken the smile off senior bankers's faces, that is with the exception of the excutives at Rabobank.

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Outlook - The credit crisis is expected to continue for some time yet. The economy is also showing signs of slumping. Banking in such a climate warrants caution and prudence. Rabobank is well-positioned, with our exposure to subprime-related investments being extremely low, while liquidity and solvency levels are high. Nevertheless, it is more challenging than ever to make concrete pronouncements about expected earnings for the second half of this year.
Growth in our activities means that amounts due to customers will continue to form a significant source of finance in the second half of the year. On the domestic front, we expect the savings markets to remain fiercely competitive. Tough competition will also continue to reign in the mortgage market. Financially sound margins and lower costs are key elements in the management of Rabobank Group, enabling us to continue to provide our customers with top-quality services, now and in the future.

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In this uncertain environment it is important to emphasise the huge difference between finance companies and banks, particularly in New Zealand.

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Pies are not just for eating. You can invest in PIEs now, and they are offering some pretty good returns on the back of favourable tax treatment. The trick is to bite into the tastiest of these PIEs and make the best of a good thing.

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There's a new option for bank account and finance company debenture savers that is set to significantly reduce tax bills. Until recently, most investors in term deposits and debentures paid their highest tax rate on the interest payments they received, which meant many handed 33 per cent or 39 per cent of their interest payments over to the government.

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Investors are running scared. Everywhere you turn, companies are going to the wall with your hard-earned cash.

First of all it was finance companies - taking thousands of Kiwis' life savings with them. Then clever investments such as ING's Diversified Yield Fund and Macquarie Fortress Notes lost much of their value - despite being sold as safe investments.

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Question: How do you you rate the risk involved in this compared to leaving the money in term deposits, particularly in the current environment?

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Plans to teach financial literacy in schools moved a step closer today when the Retirement Commission received more than $400,000 from the country's banks to help fund a trial programme in ten schools.

The Retirement Commission is leading the project aimed at developing a framework for schools to assist in teaching students money skills so that when they leave school they can make informed financial decisions.

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The RaboPlus suite of online savings offerings continues to lead the way, having won three key categories at this year's Sunday Star-Times Cannex Banking Awards.

RaboPlus' Cash Advantage Fund (CAF), the first cash product launched under the Portfolio Investment Entities (PIE) regime, won the "Best New Product" category. RaboPlus also won two other categories - Best 90-Day Term Deposit and Best Online Savings Account.

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RaboPlus.co.nz is launching its Investor of the Year challenge for the second year running , giving amateur investors the chance to pit their wits against fellow customers, and be in with a chance of snapping up $30,000.

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Wellington - Online banking service www.RaboPlus.co.nz has lifted its on call interest rate to 8.35% making it one of New Zealand's market leaders for online investment returns.

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Finance Company debenture interest rates are creeping up, but it's not yet winning back spooked investors..

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Want to do something special for your significant other this Valentines Day? Online banking service RaboPlus.co.nz is giving all romantics a helping hand. Teams from RaboPlus are out on the streets handing out roses, and a special Valentines Day website has been set up.

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Wellington – Online banking service www.RaboPlus.co.nz has raised its On Call Interest rate to 8.25% and it’s Term Deposit interest rates by up to 0.30%, effective immediately.

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