RaboDirect attracts €50m in deposits
21/06/2005 - 12:55:46Online bank RaboDirect.ie has attracted almost €50m in deposits since it launched in Ireland just over a month ago.
The online bank entered the market with an instant access demand deposit account offering a variable flat rate of 3% to all customers.
RaboDirect, owned by the AAA rated Rabobank Group, has signed up 1,300 customers to date with an average of 43 customers opening deposit accounts daily excluding weekends.
Greg McAweeney, general manager, RaboDirect, said the bank is extremely satisfied with the results.
"Quite clearly the figures confirm that people want better rates and a better deal in terms of access to their money," he said.
