News Archive - May 2006

2 May 2006	Finance company sustainability questioned KPMG questions the sustainability of some finance companies in the face of an economic slowdown.
9 May 2006	Cullen rubbishes switching claims Many readers may have seen an article which suggested that the proposed tax changes to managed funds may encourage savers on high marginal tax rates to switch from term deposits to managed funds.
10 May 2006	UDC retains investment grade rating Standard and Poor's has reaffirmed UDC Finance's AA- long term credit ratings.
10 May 2006	Provincial Finance stops accepting new investments Provincial Finance says it will report a loss for the year ending March 31, and it has stopped taking in new investments.
19 May 2006	Deposit rate news briefs Allied hones in on Prime target, Forsyth Barr SAILS in with new offer, Kiwibank’s rating confirmed, Western Bay improves position.
23 May 2006	Provincial talks to South Canterbury Troubled-finance company Provincial Finance may sell part of its loan book to South Canterbury Finance to raise cash needed to restructure trading.
28 May 2006	Deposit rate news briefs Two new online call accounts, Compass sets direction with Bridgecorp, Allied secures Prime target, One car lender happy.
30 May 2006	Increasing risks may catch investors out: S&P Increasing risk in "safe" fixed-income securities may catch investors unaware, according to Standard & Poor's Investment Consulting.

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Find a Rate

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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