Banks battle it out for nine month deposit rates
BNZ and Westpac battled it out in the nine-month space last week as the competition for retail deposits carries on with no end in sight.
Monday, June 28th 2010, 10:00PM
BNZ hike its nine-month term by 180 basis points, 175 points, and 170 points for $10,000 deposits, $50,000 deposits and $100,000 deposits respectively, while Westpac hiked its $10,0000 deposits by 160 points for the same period. BNZ also lifted its six-month terms by 10 basis points for $10,000 deposits and 10 basis points for its monthly bonds.
Kiwibank cut its five-month rate by 65 basis points, while increasing its six-month offer by 75 basis points, while ANZ National Bank boosted its 12-month term by 10 points for $5,000 deposits, and its nine-month $10,000 deposits by the same amount.
SBS introduced an 18-month special at 5.25%, while Avanti Finance also brought on specials for its 12-month and 18-month terms at 6.25% and 7.75%, while hiking its two-year offer by 100 basis points and its three-year deposits by 50 points.
| « Rates Round Up | NZF securitisation programme good news for NBDTs » |
Special Offers
Commenting is closed
|
|
Printable version |
|
Email to a friend |
