tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Tuesday, April 7th, 11:05AM

Investments

rss
Latest Headlines

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 LibertyHow FEI Investments reinvented itself »

Special Offers

Comments from our readers

On 14 December 2016 at 1:57 pm Murray Weatherston said:
Clever marketing. But is it misleading?

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.

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
Today's Best Bank Rates
Rabobank 1.75  
Based on a $50,000 deposit
More Rates »
News Bites
Latest Comments
Subscribe Now

Deposit Rates newsletter

Previous News

MORE NEWS»

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