Rabobank Increases Instant Access Deposit Rate

RaboBank have increased their RaboDirect instant access rate.

Prior to the 2 ECB cuts, Rabo paid 2.40% on all amounts. RaboDirect now pay 3.10% up to 20,000 EUR and then 2.40% after 20,000 EUR.

The rate will be effective until at least April 2012.

More here:

[broken link removed]

http://www.askaboutmoney.com/showthread.php?t=102329

Yes got an email off them earlier today. Nice!

I'd guess this is related to recent ratings cut? Either way Rabo will see more deposits because of it.

I'd guess this is related to recent ratings cut? Either way Rabo will see more deposits because of it.

Click to expand...

Yeah a downgrade sweetener !

Worrying though that there doesn't seem to be any "safe" financial institutions.