Wrightson tinkers with rates across the board, ASB targets short money

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PGG Wrightson Finance tinkered with its rates across the board this week, while ASB bumped up its three-month offer by 100 basis points. The bank’s internet BankDirect introduced a 12-month special at 5.4%.

Monday, April 26th 2010, 12:20PM

Wrightson cuts its unguaranteed three-month deposits by 50 points this week, its six-month unguaranteed by 75 points and its guaranteed six-months by 25 points. It lowered its unguaranteed nine-month term by 10 points, while lifting its guaranteed terms by 15 points, and raised all of its 12-month deposits by 50 points. Unguaranteed 18-month rates were lifted 25 basis points, while unguaranteed two-year rates increased 50 points and guaranteed two-years were raised by 25 points. It cut its guaranteed three- and four-year terms by 35 and 25 points respectively, and it reduced its unguaranteed five-year deposits by 25 points and its guaranteed five-year deposits by 35 points.

Nelson Building Society lifted its three-year deposits by 20 points, and TSB cut it six-month terms by 25 points, while lifting its nine- and 12-month deposits by 25 and 15 points respectively.

 

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