MARAC Investment Rates

For amounts over $250,000, we may be able to offer you an even better interest rate. Please call us on 0800 26 27 22 for a quote.

Deposit Interest Rates as at 3 February 2012

MARAC Term Deposit and MARAC Rapid Saver* interest rates for new investors

Current specials are highlighted.

Term Under $20,000 $20,000 and Over Interest frequency
30 days 4.15 4.25 On maturity
60 days 4.15 4.25 On maturity
90 days 4.50 4.50 On maturity
6 mths 4.65 4.75 Quarterly
9 mths 4.90 5.00 Quarterly
12 mths 5.25 5.25 Quarterly
18 mths 5.25 5.35 Quarterly
2 years 5.55 5.65 Quarterly
3 years 5.85 5.95 Quarterly
4 - 5 years 6.15 6.25 Quarterly
*A minimum term of 12 months applies to MARAC's Rapid Saver accounts.

MARAC Call Deposit interest rates

Amounts MARAC Call Deposit
< $50k

3.25% p.a.
> $50k

3.75% p.a.

MARAC PIE Fund interest rates

Rates Interest frequency
MARAC 12 Month Term Deposit PIE

6.00% p.a.

Quarterly
MARAC Call PIE

4.50% p.a.

Monthly

 

What you need to know about MARAC Deposits

  • MARAC operates as a division of Heartland Building Society, which comprises the former businesses of CBS Canterbury, MARAC, PGG Wrightson Finance  and Southern Cross Building Society. All MARAC Deposits are issued by Heartland Building Society.
  • A "past maturity rate" of 1.50% p.a. will apply to all Deposits which are not reinvested or repaid on their maturity date.
  • These rates are subject to change. Minimum Term Deposit $1,000. For investments of $250,000 or more, negotiated rates may be available.
  • Heartland Building Society has a BBB- (Outlook Stable) credit rating from Standard & Poor’s.
  • For further details about MARAC Deposits or our credit rating, see  Heartland Building Society’s Investment Statement, available at www.marac.co.nz or by calling 0800 26 27 22 

What you need to know about the MARAC Pie Fund

  • For details of the MARAC PIE offer refer to the current MARAC PIE Fund Investment Statement.  Call 0800 26 27 22 or click here to obtain a copy.
  • The MARAC PIE Fund does not have a credit rating.
  • The manager of the MARAC PIE Fund is MARAC Finance Limited, a subsidiary of Heartland Building Society.
  • Minimum investment for the MARAC PIE Fund is $1,000. Rates subject to change.
  • Call 0800 26 27 22 for more information.