|        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Tuesday, June 25th, 6:40PM


Latest Headlines

Banks only ones to change rates

The past week has been very quiet for investors looking at fixed interest rates. The only changes have been a couple of moves by banks.

Monday, January 21st 2008, 5:05AM
Kiwibank has its special, one-year interest at maturity rate up at 9.00%. Last time it went this high it didn't stay up for long. However, none of the other banks matched it in this competitive space when it last had a 9.00% rate. will keep you up-to-date on changes in this space.

ASB and Bank Direct made some changes this week, dropping their six, nine and 12 month rates to 8.55%.

However, they did roll out a new special. As has been the trend with recent specials, there is a theme to it.

The new one is the "Chinese New Year" special. It is a nine-month, IAM, rate of 8.75% for deposits of more than $10,000.

The other significant news event in the finance company sector has been market events surround MFS's, ASX-listed parent company. You can read some of the news here.

While there have been few investment rate changes in the past couple of weeks we expect that situation will have changed by month's end.

« NZX puts FinanceWatch on iceTrading in MFS shares suspended in NZ »

Special Offers

Commenting is closed



Printable version  


Email to a friend
Today's Best Bank Rates
Rabobank 5.25  
Based on a $50,000 deposit
More Rates »
News Bites
Latest Comments
Subscribe Now

Deposit Rates newsletter

Previous News


Most Commented On
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox  |  Disclaimer
Site by Web Developer and