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Latest Deposit Rate News

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Banks cut cash PIEs to half OCR

Tuesday 9 February 2016

Low interest rates on offer from the four main banks’ cash PIE funds are likely just an indication of the tough times for people surviving on money in the bank, one commentator says. The rates for the on-call funds have come down this month to as little as 1.25% for ANZ and BNZ. ASB is offering 1.4% through to 1.5% for those with more to invest and Westpac offers 1.5%. But RaboDirect More »

Banks cut cash PIEs to half OCR

Tuesday 9 February 2016

Low interest rates on offer from the four main banks’ cash PIE funds are likely an indication of the tough times for people surviving on money in the bank, one commentator says. More »

Turners looks to boost MTF stake

Monday 14 September 2015

Turners is making an offer to buy shares in Motor Trade Finances (MTF) through its subsidiary Turners Finance Limited. More »

Sky City issues bonds

Wednesday 2 September 2015

Sky City entertainment grow is to sell $125 million of seven-year bonds, paying 4.65% a year. More »

MORE NEWS »

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General Finance experiencing good growth

GFNZ returns to profit

Warehouse plans bonds offer

FMA warns on bank notes

Notes offer confirmed

AMP pulls back from bonds

Kiwibank considering perpetual capital notes offer

Lack of corporate bonds causing concern

Global bond yields collapse

2015 may see bonds' fortunes reverse

KIPT bonds oversubscribed

MRP offer 'well supported'

KIPT manager announces bond offer

KIPT manager mulls $125m bond offer

NZDMO tweaks programme

$100m reserved for bookbuild clients

$400m of NZ bonds on offer this week

Kiwibank offer formalised

Kiwibank offers unsecured capital notes

Strong demand expected for LG tender

Strong demand expected for LG tender

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Weekly Updates including news and commentary

Cash PIE Rates
Institution Rate 30% 33%
ANZ 1.90 1.96 2.05
ASB Bank 1.40 - -
ASB Bank 1.45 - -
ASB Bank 1.50 - -
ASB Bank 1.55 0.18 -
ASB Bank 1.60 - -
BNZ 1.70 2.06 2.16
Direct Broking Call Account 2.80 2.92 3.05
Heartland Bank 2.85 3.22 3.37
Kiwibank 1.50 1.55 1.62
Kiwibank 2.50 2.59 2.70
Nelson Building Society 3.75 3.90 4.08
RaboDirect 2.25 2.33 2.71
SBS Bank 2.05 2.59 2.70
TSB Bank 2.65 2.54 2.47
Westpac 2.20 2.28 2.38
Westpac 0.10 0.10 0.11
Westpac 3.30 3.44 3.60

More »

Today's Best Bank Rates
Co-operative Bank 3.35
Based on a $50,000 deposit    More Rates »
Today's Top 5 Deposit Rates
InstitutionRateProduct
Credit Union Auckland 4.00 Success Saver
First Credit Union 3.40 Online Savings
First Credit Union 3.40 MoneyMaker
Co-operative Bank 3.35 Step Saver - potential rate
Westpac 3.30 Online Bonus Saver - Potential Rate
Based on a $50,000 deposit    More Rates »
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