Marac launches high interest account
Marac has launched a new savings account which gives investors the ability to make automated monthly deposits.
Thursday, November 27th 2008, 3:20PM
“With the rising cost of food and general living, many New Zealanders are having to tighten their belts,” says Andrew Ford, retail investment manager. “This is a product developed for Kiwis and offers competitive interest rates, a good deal of flexibility and is easy to invest in.”
The key features of the account are:
- Low initial deposit amount of $1,000
- Regular automatic monthly contribution to help grow the investment rapidly
- No minimum monthly contribution
- Flexibility to increase or decrease monthly contributions or to take a “contribution holiday”
- No fees or transaction charges
- A range of investment terms from 12 months to five years.
Marac has also been accepted into the deposit guarantee scheme.
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