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Guarantee scheme: Who's in

Depositrates.co.nz is keeping tabs on which firms have applied to join the government’s deposit guarantee scheme.

Thursday, October 16th 2008, 9:40AM
The following firms have announced that they have, or are intending to apply to opt into the government’s deposit guarantee scheme.

Officials have yet to announce which companies have been admitted to the scheme.

Likewise they have not released a list of applicants. This list is made up of those who have publicly said they plan to join up.

Treasury says it will only post information about approved guarantees on its website once those approvals are completed.

"We are not releasing lists of applicants – only approvals," a spokesman says.

He could not give a firm date of when the first approvals will be published.

We will update the list daily.

Banks Finance Companies Others
ANZ
Allied Nationwide NZ Funds Management
ASB Marac PSIS
BNZ PGG Wrightson Nelson Building Society
Kiwibank South Canterbury Finance Southern Cross Building Society
National UDC Canterbury Building Society
Rabobank Finance Direct Heretaunga Building Society
SBS Bank Equitable
TSB Bank General Finance
Westpac NZF Money
Bank Direct
HSBC
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  • Advisers encouraged to take ethics courses
    “The term "business ethics" baffles me. There should be no distinction between the ethical conduct of ones private life and...”
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  • Support for guarantee proposal
    “Brent - yes, agree if investors need cash they should be in cash. Some form of guarantee could however be useful for investors...”
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    1 day ago by Brent Sheather
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