Latest Deposit Rate News
Thursday 12 January 2017
UDC has had its credit rating down-graded following ANZ's announcement it plans to sell the business to a private Chinese conglomerate, and questions are raised about the future of the finance company. S&P Global Ratings has lowered its credit rating on UDC Finance from A- to BBB, and this rating remain on CreditWatch with negative implications, meaning it is more likely to be downgraded More »
Wednesday 11 January 2017
ANZ Bank New Zealand has agreed to sell its asset finance business, UDC Finance, for $660 million to HNA Group. More »
Monday 21 November 2016
BNZ has introduced a two-year deposit rate special of 4%. More »
Saturday 12 November 2016
A low interest rate environment is driving interest in finance company investments as the expense of bank deposits, one New Zealand operator says. More »
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