F&P Finance goes for money beyond extended guarantee

Fisher and Paykel Finance has adjusted its long-term rates now it has been accepted into the extended Government guarantee scheme.

Tuesday, 25 May 2010

Fisher & Paykel Finance, which was accepted into the government's extended retail deposit guarantee, ramped up its long-term rates beyond the scheme's timeframe, lifting its three- through five-year rates by 75 basis points, its two-year rates by 125 points, and its 12- and 18-month rates by 50 points. It also hiked its three-month term by 25 basis points.

United Credit union raised its 12-month deposit rate by 15 points, while Gold Band Finance raised its two-year term by 45 basis points.

ASB and BankDirect boosted its five-month rates by 110 basis points, and lifted its 12- and 18-month terms by 10 and 20 points, while SBS cut its nine-month special and hiked its 12-month term by 15 points.

TSB lifted its 12-month term by 15 points, while TSB increased its six-month rates by 5 basis points.

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