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Latest Deposit Rate News Liquidiator mum on Five Star funding commitments Thursday 2 September 2010 Gerry Rea Partners said it will not disclose the funds on hand after it managed to claw back $261,000 in the six months through June 16. It also managed to win $505,000 plus interest from director Neil Williams' wife Jeanne, though the judgement is being appealed, and the liquidator said it will probably take action regarding cheques signed by Williams in excess of $500,000. The principal More » SCF’s long history blurred in an instant Thursday 2 September 2010 [BLOG] South Canterbury Finance’s demise, and this may seem odd, was a little bit of a surprise. Sure there were the regular commentary crowd baying for a receivership. They are a bit like the peasants in the old days wanting to see people hung, drawn and quartered, a beheading or simply someone being thrown to the tigers. Well they got their head this time. More » Strategic book value deficit at $195.5m Thursday 2 September 2010 Strategic Finance, placed in receivership in March and liquidation in July, has a book value deficit of $195.5 million, according to the first report from the liquidators. More » HBS members give SBS merger thumbs up Wednesday 1 September 2010 Hastings Building Society members have signed off on a bid to merge with SBS Bank that will give the mutual more security as tough rules for non-bank draw closer. More » Special Offers
Please note: Institutions pay to have their interest rates listed on this page. These offers are usually for a limited time. Please check with the institution direct to confirm details. More NewsKeep South Canterbury in perspective: NZIER chief economist Scales unaffected by SCF receivership SCF process will take up to five years: English South Canterbury bond speculators reap fat reward as finance firm fail South Canterbury needed up to $300 mill to survive: Maier Govt moves swiftly to repay all South Canterbury depositors South Canterbury receivership, triggers $1.6 bill Crown payment Sandy Maier's comments on South Canterbury receivership South Canterbury calls in receivers NZ dollar falls as deadline arrives for South Canterbury Finance Key rejects claim govt to blame for SCF’s woes Three bidders now vying for South Canterbury Finance Govt won't help SC Finance Hubbard says Marac will pounce when rivals collapse Fourteen percent of Marac's deposits not guaranteed Former Five Star Finance directors could face 7 years in SFO charges SCF doubts it will meet NBDT requirements Dorchester raises $10.3m for growth |
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With the recent movement in five-year term deposit rates in the past week by BNZ and ASB, the above graph looks at the margins between the major retail banks five-year fixed home loan rates and the five-year term deposit rates since the beginning of the year. The term deposits are based on a $10,000 deposit. MORE » |
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