MARAC's Investment Rates

For amounts over $250,000, please call us on 0800 26 27 22 for a quote.

Standard interest rates as at 30 June 2010

Click here to download a printable version

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

Current specials are highlighted.

Term MARAC Guaranteed
Term Deposit		 MARAC Non-Guaranteed†
Term Deposit 		Interest frequency
30 days 4.25 4.50 On maturity
60 days 4.25 4.50 On maturity
90 days 4.75 5.25 On maturity
6 mths 5.25 6.00 Quarterly
9 mths 5.00 6.00 Quarterly
12 mths 6.00 7.00 Quarterly
18 mths 4.00 7.25 Quarterly
2 years 7.25 8.25 Quarterly
3 years 7.50 8.50 Quarterly
4 years 7.75 8.50 Quarterly
5 years 7.75 8.50 Quarterly
*A minimum term of 12 months applies to MARAC's Rapid Saver accounts.

 

Exclusive existing investor interest rates as at 30 June 2010

Click here to download a printable version

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

Current specials are highlighted.

Term MARAC Guaranteed
Term Deposit		 MARAC Non-Guaranteed†
Term Deposit 		Interest frequency
30 days 4.25 4.50 On maturity
60 days 4.25 4.50 On maturity
90 days 4.75  5.50 On maturity
6 mths 5.50 6.25 Quarterly
9 mths 5.00 6.00 Quarterly
12 mths 6.25 7.25 Quarterly
18 mths 4.00 7.25 Quarterly
2 years 7.25 8.25 Quarterly
3 years 7.50 8.50 Quarterly
4 years 8.00 8.50 Quarterly
5 years 8.00 8.50 Quarterly

*A minimum term of 12 months applies to MARAC's Rapid Saver accounts.

MARAC Call Deposit interest rates

Amounts MARAC Guaranteed
Call Deposit		 MARAC Non-Guaranteed†
Call Deposit
< $50k

4.25% p.a.

4.50% p.a.
> $50k

4.75% p.a.

5.00% p.a.

MARAC Term PIE interest rates

Term $1,000 + % p.a. Income frequency
12 mths 7.25% p.a. Quarterly

MARAC Call PIE interest rates

Term $1,000+ % p.a. Income frequency
Call 5.50% p.a. Monthly

 

What you need to know about MARAC Deposits

  • For details of the offer of MARAC Deposits refer to MARAC's current Investment Statement. Call 0800 26 27 22 or click here to request a copy.
  • All Deposits (including MARAC Non-Guaranteed Deposits but not PIE investments) are secured by first ranking secured debenture stock, subject to permitted prior charges (currently none) and claims given priority by law.
  • MARAC has a guarantee under a Crown retail deposit guarantee scheme, being a guarantee that expires on 31 December 2011. 
  • † MARAC Non-Guaranteed Deposits offered by MARAC are not covered by the guarantee given under the Crown retail deposit guarantee scheme. MARAC Non-Guaranteed Deposits are “excluded securities” for the purposes of the Crown guarantee.
  • MARAC Guaranteed Deposits are covered by the Crown retail deposit guarantee, until the guarantee expires on 31 December 2011, subject to the terms and conditions of the guarantee.
  • Further information about the Crown retail deposit guarantee scheme and the most recent audited statement of financial position of the Crown are available on Treasury’s website at www.treasury.govt.nz.
  • These rates are subject to change. Minimum investment $1,000. For investments of $250,000 or more, negotiated rates may be available.
  • MARAC has a credit rating of BB+ (Outlook Negative) from Standard & Poor’s (S&P).  S&P’s credit ratings are statements of opinion, not statements of fact or recommendations to buy, hold or sell any securities.  Ratings may be changed, withdrawn or suspended at any time. For latest rating information please visit www.standardandpoors.com. Further information about MARAC’s credit rating can be found in MARAC’s Investment Statement or by clicking here. 
  • A 'past maturity rate' of 1.50% p.a. will apply to all Deposits which are not reinvested or repaid on their maturity date.

What you need to know about MARAC PIE

  • 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 MARAC PIE Fund invests in MARAC Deposits.  MARAC Deposits are secured by first ranking secured debenture stock, subject to permitted prior charges (currently none) and claims given priority by law.
  • Investments offered by the MARAC PIE Fund are not covered by MARAC’s guarantee given under Crown retail deposit guarantee scheme.

Call 0800 26 27 22 for more information.