News

Deposit takers play the long game

Monday 2nd of November 2009

Both banks increased their 12-month rates 50 basis points to 5% and introduced an 18-month special of 5.25%, along with increases of 50 points to 5.5% and 6% in the two- and three-year spaces and 25 point hikes to 6.25% and 6.75% in the four- and five-year terms.

National Bank up its one- and two-month rates by 25 basis points.

Rabo tried to keep pace in the long-term space, incre...

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