Bublitz's Mutual Finance ramps up rates

Paul Bublitz's Mutual Finance has ramped up its deposit rates for nine-month terms to two-year term as the competition for retail funds continues.

Sunday, 30 May 2010

Mutual boosted its nine- and 12-month terms by 450 basis points, its 18-month deposits by 150 basis points, and its two-year terms by 170 basis points.

Broadlands Finance hiked its 12-month terms by 100 basis points, its 18-month terms by 125 points, and its two-year terms by 75 points.

NZF lifted its 12-month terms 100 basis points for $1,000 deposits, and 75 points, for $10,000 deposits, and its 18-month terms by 95 points and 70 points respectively.

Rabo looked for short-term cash, lifting its six-, nine- and 12-month terms by 15, 30, and 30 points respectively, while Westpac hiked its five-month term by 15 points, while cutting its 12-month term by 20 points.

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