Low interest rates on offer from the four main banks’ cash PIE funds are likely just an indication of the tough times for people surviving on money in the bank, one commentator says.
The rates for the on-call funds have come down this month to as little as 1.25% for ANZ and BNZ. ASB is offering 1.4% through to 1.5% for those with more to invest and Westpac offers 1.5%.
But RaboDirect is offering 2.25% and Kiwibank will match that with its bonus rate.
The PIE structure caps the rate of tax paid at 28%, which means those who have a personal tax rate of 30% or more get a better equivalent return from the fund than they would in a non-PIE vehicle paying the same rate of interest...MORE»
Tuesday, February 9th, 6:00AM
Low interest rates on offer from the four main banks’ cash PIE funds are likely an indication of the tough times for people surviving on money in the bank, one commentator says.MORE»
Monday, September 14th, 4:35PM
Turners is making an offer to buy shares in Motor Trade Finances (MTF) through its subsidiary Turners Finance Limited.MORE»
Sky City entertainment grow is to sell $125 million of seven-year bonds, paying 4.65% a year.MORE»
General Finance is seeing growth in its business as investors chase good yields.MORE»
GFNZ, formerly known as Geneva Finance, has returned to profitability.MORE»
The Warehouse Group today announced it is considering making an offer of new five year unsecured, unsubordinated, fixed rate bonds to refinance its $100 million senior bond maturing on June 15 for general corporate purposes.MORE»
Consumers are being warned to make sure they know what they’re doing if they invest in bank capital notes.MORE»