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deposit rates

News Archive - January 2009

8 Jan 2009Geneva posts $7.7m loss
Geneva Finance, the finance company that won support from investors for a debt-for-equity swap to stave off collapse, posted a first-half loss because of increased provisions for bad debts.
13 Jan 2009AIA bonds offer 7.25%
Auckland International Airport has opened a retail bond looking to raise $50 million. The interest rate initially being offered for the full term of the bonds is 7.25%.
13 Jan 2009NZ credit rating outlook lowered by S&P
The outlook on New Zealand’s AA+ foreign-currency credit rating was lowered to ‘negative’ by Standard & Poor’s (S&P) to reflect the nation’s looming current account gap and rising fiscal deficits.
13 Jan 2009Last Bastion for Equitable
Equitable has closed down its second-tier finance business, Bastion Finance, due to the changing market conditions.
23 Jan 2009ASB PIEs all its TD rates
ASB Bank is the latest to add cash PIES to its product offering and it has taken a different approach to other institutions.

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Today's Best Bank Rates
Rabobank 0.75
Based on a $50,000 deposit    More Rates »
Today's Top 5 Deposit Rates
InstitutionRateProduct
NZCU Auckland 1.00 Success Saver
First Credit Union 0.75 Online Savings
Rabobank 0.75 Rabobank PremiumSaver - max rate
Heretaunga Building Society 0.60 On Call
NZCU Baywide 0.60 Success Saver
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 0.15 0.16 0.17
ASB Bank 0.15 0.16 0.17
ASB Bank 0.15 0.16 0.17
ASB Bank 0.15 0.16 0.17
ASB Bank 0.15 0.16 0.17
BNZ 0.10 0.10 0.10
Heartland Bank 0.40 0.40 0.40
Kiwibank 0.05 - -
Kiwibank 0.25 - -
Nelson Building Society - - -
SBS Bank - - -
TSB Bank 0.25 0.25 0.26
Westpac 0.20 0.21 0.23
Westpac 0.05 0.05 0.05
Westpac 0.25 0.26 0.27

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