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deposit rates

News Archive - April 2007

3 Apr 2007NZ Finance buys 51% of Finance Direct
New Zealand Finance Holdings has taken a majority stake in a consumer finance business through cash and a share placement.
11 Apr 2007Instant Finance on expansion trail
Mid-sized finance company Instant Finance has secured a $50 million funding facility to help it fund expansion plans.
16 Apr 2007Deposit rates news briefs
UPDATED: Bridgecorp exploring fund raising options in Oz (again), Hugely popular bonds list, Speirs changes view on its performance.
24 Apr 2007Term deposits still seen as a safe haven
The popularity of on call high interest rate accounts has not hit the banks’ term deposit markets, says KPMG.

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Cash PIE Rates
Institution Rate 33% 39%
ANZ 3.00 3.09 3.22
ASB Bank 3.15 3.29 3.44
BNZ 3.66 3.82 3.92
Direct Broking Call Account 2.80 2.92 3.05
First Mortgage Trust 5.01 5.23 5.66
Forsyth Barr 3.50 3.66 3.95
Forsyth Barr 3.25 3.40 3.67
Forsyth Barr 2.75 2.87 3.10
Forsyth Barr 2.50 2.61 2.82
HSBC Premier 2.20 2.26 2.36
Kiwibank 2.40 2.50 2.61
Kiwibank 3.15 3.29 3.44
Marac 4.50 4.73 4.95
National Bank 3.00 3.13 3.27
Nelson Building Society 3.75 3.90 4.08
RaboDirect 3.40 3.54 3.70
SBS Bank 3.20 3.90 4.08
TSB Bank 3.75 3.90 4.07
UDC Investments 3.00 3.12 3.26
Westpac 3.00 3.13 3.27

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