BNZ offers 4% term deposit rate
BNZ has introduced a two-year deposit rate special of 4%.
Monday, November 21st 2016, 9:58AM 
1 Comment
Acting director of retail and marketing David Bullock said it was the first time in more than a year that a two-year term deposit rate from a major bank had been available at that level.
| « Good news for Liberty | How FEI Investments reinvented itself » |
Special Offers
Comments from our readers
Sign In to add your comment
|
|
Printable version |
|
Email to a friend |
When you check the fine print, the 4.0% interest is payable at maturity.
My trusty HP12C tells me the equivalent rate compounded quarterly is only 3.87% p.a. which is still high for the times but not quite as sexy as a 4 figure.