RaboPlus has successfully tested what is believed to be a New Zealand First – www. BankaRate. co. nz. BankaRate offers a limited number of exclusive term deposit rates are generally higher than comparable offers from major banks on a “first come, first served basis. “This is the equivalent term deposit GrabaSeat Air New Zealand initiative successful. Customers go online to select the term deposit that suits them, and follow a few simple steps to purchase this rate. It is a finite number of these special fares on offer, and you can see how many are left in real time on the RaboPlus website BankaRate “said RaboPlus General Manager Mike Heath.” In a difficult economic climate Nova Zealanders are looking for security and a good return on investment – RaboPlus paves the way for a time. “Rabobank, the parent company of RaboPlus, is the Bank AAA rated New Zealand, a note which was reaffirmed by Moody’s in November and Standard and Poor’s in October. “And investors have greater peace of mind, as RaboPlus has a guarantee from the guarantee scheme for deposits in New Zealand.” BankaRate Mike Heath said deals are already in high demand. “The first set of rates offered under the BankaRate. Co. Nz promotion has been caught within 36 hours. A new set of rates will be launched this week. “The response confirms our position that if you offer innovative products and good returns, you attract sophisticated investors, despite the economic downturn,” Mr Heath said. RaboPlus BankaRate of deposits will be offered on a regular basis. And in another innovation “first” RaboPlus bank was the first service to make a cash PIE (Portfolio Investment Entity) on the market in December last year. This offer continues to attract new customers, and investment in the product RaboPlus PIE, Cash Advantage Fund (CAF), has surpassed 500 million dollars – making it the seventh largest single fund in New Zealand. FCA was established jointly by RaboPlus and AMP Capital Investors in response to tax benefits arising from portfolio investment entities (PIE) regime, established on October 1, 2007. “To cross the mark of $ 500 million in the year are good news. Now more than ever investors are looking for competitive returns, so that the FCA with additional tax benefits is particularly attractive to investors right now , “said Mike Heath. Cash Advantage Fund has capped tax to 30% and, says Heath, it was designed to provide investors with an investment similar to a bank deposit on call. “The funds are held on call with our parent company, Rabobank. Rabobank history and traditionally conservative approach is interesting in the current economic climate.” AMP Capital Investors’ head of Sales and Marketing Anthony Edmonds said that the Advantage Fund cash is proving extremely popular with investment advisors across the country. “The Fund offers a solution that suits customers to investment advisors on a number of levels. cash deposits in line with the banks have become a popular investment with Kiwis . And the CAF is reinforced by the tax benefits of PIE, backed by the strength of Rabobank’s AAA rating, “says Edmonds. Note to editors: For more information on BankaRate can be found at http : / / www. Bankarate. Co. Nz. RaboPlus term deposit investment statement is available at http://www. RaboPlus. co. nz. The reports from Moody’s and Standard and Poor’s credit rating reaffirmed AAA Rabobank are available at www. RaboPlus. co information. nz. Further on the deposit guarantee scheme is available free of charge at all reasonable times on the website maintained by or on behalf of, Treasury www. Treasury. Govt. nz. Cash Advantage Fund Investment Statement is available at www. RaboPlus. co. NZ or by calling 0800 22 44 33. Cash Advantage Fund is a portfolio investment entity (PIE). In a pie, income is taxed more to fund level, but allocated to investors and taxed at the investor’s prescribed investor (RIP – the personal tax rate is levied for the funds managed) . This is beneficial for investors on a marginal tax rate of 39 percent. A PIR is similar to an individual marginal rates of tax with a difference – the highest rate for PIR under the PIE is 30 percent. ENDSRaboPlus is an online banking service designed to supplement the provisions of existing banking customers. RaboPlus offers New Zealanders a great interest free, on-call savings account and term deposits and access to managed funds. RaboPlus is a division of Rabobank New Zealand Limited, part of the international Rabobank Group, the global specialist in food and agribusiness bank. Rabobank has an experience of over 110 years a greater personalization of banking and finance solutions to businesses involved in all aspects of food and agribusiness. Rabobank best credit ratings can both Standard and Poor’s (AAA) and Moody’s Investor Service rating (AAA ), and held these three grades A for over 25 years. Rabobank operates in 43 countries, the service needs of more than nine million clients worldwide through a network of over 1,600 offices and branches . Rabobank is among the 20 largest banks in the world based on tier one capital. In New Zealand Rabobank employs approximately 211 staff in 29 branches serving its customers. Thirteen staff, including a Wellington based call center, support RaboPlus customers. RaboPlus is the winner of Best Online Savings Account, Best 90-day term deposit and Best New Product (Cash Advantage Fund) for the period 2008 Sunday Star Cannex Banking Awards. RaboPlus also won the Emerging Business Award in 2007 NZ Marketing Magazine Marketing Awards, and won gold in the New Product or Service Introduction and Best in Show at 2007 prices Effies (effectiveness of advertising prices). For further information s If you please visit www. RaboPlus. co. nz or contact: Mike HeathGeneral ManagerRaboPlusPh: +64 4819 2812Mob: +64 27 285 9178
Related Category :| © 2010 Popular Weblog |