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deposit rates

Latest Deposit Rates news

FMT ticks over $500m in investments

Thursday, May 4th, 8:10am

While banks clamp down on lending and restrictions tighten for investors, one non-bank lender has more money to offer than ever.

Property finance and investment provider First Mortgage Trust has seen its investment book climb to more than $500 million. It passed the milestone on Monday of this week. That is up from just under $350m in the year ended March 31, 2016. Financial controller Roger Ford said the growth was due to the rate of return it could offers its investors. He said it was typically 2% higher than what was available in six-month term deposits from the banks, which is the rate FMT benchmarks against

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Shareholders chip in

Monday, April 10th, 6:00am

Kiwibank has had to go to its new shareholders for more money.

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UDC gets downgraded on sale news

Thursday, January 12th, 10:23am

UDC has had its credit rating down-graded following ANZ's announcement it plans to sell the business to a private Chinese conglomerate, and questions are raised about the future of the finance company.

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ANZ sells UDC Finance

Wednesday, January 11th, 11:21am

ANZ Bank New Zealand  has agreed to sell its asset finance business, UDC Finance, for $660 million to HNA Group.

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BNZ offers 4% term deposit rate

Monday, November 21st, 9:58am

BNZ has introduced a two-year deposit rate special of 4%.

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How FEI Investments reinvented itself

Saturday, November 12th, 4:45pm

A low interest rate environment is driving interest in finance company investments as the expense of bank deposits, one New Zealand operator says.

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Good news for Liberty

Thursday, November 10th, 9:27am

Non-bank deposit taker Liberty Financial has had its credit rating raised by Standard & Poors.

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ASB issues notes

Monday, November 7th, 8:52pm

As part of its efforts to raise tier two capital in line with capital requirements, ASB is offering $250 million in subordinated unsecured convertible notes.

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Z issues bonds

Wednesday, October 19th, 6:06pm

Z Energy is making an offer of unsubordinated, secured, fixed rate bonds across two series.

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General Finance raises rates

Friday, October 14th, 4:51pm

General Finance has increased its deposit rates by 50 basis points, taking its headline rate to 5.75% over three years.

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Today's Best Bank Rates
Heartland Bank 2.75
Based on a $50,000 deposit    More Rates »
Today's Top 5 Deposit Rates
InstitutionRateProduct
NZCU Auckland 3.25 Success Saver
Heartland Bank 2.75 Heartland Direct Call
Westpac 2.60 Online Bonus Saver - Potential Rate
Westpac 2.55 Online Bonus Saver - bonus rate
Heartland Bank 2.50 Heartland Business Call
Based on a $50,000 deposit    More Rates »
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Cash PIE Rates
Institution Rate 30% 33%
ANZ 0.10 0.10 0.11
ASB Bank 0.40 0.41 0.42
ASB Bank 0.55 0.59 0.56
ASB Bank 0.60 0.61 0.64
ASB Bank 0.65 0.66 0.69
ASB Bank 0.70 0.72 0.75
BNZ 0.10 0.10 0.10
Heartland Bank 2.25 2.59 2.70
Kiwibank 0.75 0.77 0.88
Kiwibank 1.75 1.81 1.89
Nelson Building Society 3.75 3.90 4.08
RaboDirect 1.00 1.02 1.07
SBS Bank 1.80 1.86 1.94
TSB Bank 1.60 1.64 1.71
Westpac 0.35 0.36 0.38
Westpac 0.10 0.10 0.11
Westpac 2.10 2.16 2.26

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