News Archive - May 2007

1 May 2007	M&As good for fin coy sector Standard & Poor's believes that the current trend of mergers and acquisitions in the New Zealand finance company sector will continue and ultimately should have a strengthening effect on the industry, lessening some industry risks that are currently apparent.
3 May 2007	Deposit rates news briefs South Canterbury joins up with Kelt, Compass rating reviewed, PPCS bond yields leap in `scary' signal, Nationwide goes unconditional on Hanover.
9 May 2007	Deposit Rates Briefs Allied to merge Nationwide, Bonus Bonds millionaire.
16 May 2007	BNZ says TotalMoney and Term Saver can be online savings accounts It seems Bank of New Zealand's recently launched TotalMoney accounts aim to be all things to all people.
24 May 2007	Changes in finance sector accelerating Standard & Poor's says it has observed an increased pace and urgency for change in New Zealand finance companies, driven mainly by impending regulatory developments.
30 May 2007	Aust finance company operating in NZ collapses An Australian property investment group, that had been raising funds in New Zealand, has gone into voluntary administration.

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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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