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deposit rates

News Archive - March 2006

1 Mar 2006Contributory mortgage offering troubles
Contributory mortgage man Peter van Nieuwkoop is again in trouble with the Securities Commission.
2 Mar 2006Deposit rate news briefs
In this issue: Marac results, North South sale approved, broker's new debt portfolios.
9 Mar 2006Credit Union members good savers
New Zealanders may have a reputation as poor savers, but that’s not the case for people who are members of credit unions.
13 Mar 2006Bridgecorp New Zealand free of Westpoint
Finance company Bridgecorp Holdings's problems relating to a A$450 million ($512 million) property company collapse in Australia shouldn't result in a trading loss for its Australian arm and won't affect its New Zealand operations at all, says marketing manager Joanne Tait.
14 Mar 2006Deposit rate news briefs
Dominion capital notes filled already, Nathans rated, Fernz downgraded, Superbank's deposits grow, Big half year for Strategic, More TeleBonds.
21 Mar 2006Aust firm buys half of Strategic
Australian investment bank Allco Finance Group is buying a 50% stake in Strategic Investment Group for an undisclosed sum.
22 Mar 2006Deposit rate news briefs
NZX debt raising at record high, South Canterbury lifts profit, Southern merger.
23 Mar 2006Allied Farmers after Prime
Hawera-based rural services firm Allied Farmers has announced its intention to launch a full takeover offer for Prime Finance.
30 Mar 2006Deposit rate news briefs
Dominion capital notes lowly rated, F&P Finance not on the market, Dual currency about to switch off.

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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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