About Us  |   Advertise  |   Contact Us  |   Terms & Conditions  |   RSS Feeds
deposit rates

News Archive - July 2009

1 Jul 2009Conservative approach the way for Geneva and St Laurence
Things aren't likely to improve in the near future for finance companies Geneva Finance and St Laurence Property and Finance, with both firms undergoing heavy restructuring and looking to focus on minimising risk in the coming year.
2 Jul 2009S&P happy with Hubbard
South Canterbury Finance’s BBB- credit rating partly reflects the tacit support and resources of founder Allan Hubbard, S&P says.
3 Jul 2009F&P Finance ups long rates
The week has ended with more increases in term investment rates. Fisher & Paykel Finance has raised medium to long term rates and ANZ National has moved its shorter term rates.
3 Jul 2009Hubbard injects $40m into SCF
South Canterbury Finance (SCF) founder Allan Hubbard, has injected $40 million of new capital into the business and undertaken to provide further support if required, to counter the impact of any balance sheet write downs of property loans.
6 Jul 2009Rates Round Up
BNZ bond offer raises $260 mill; Rates rise; Fortress Notes find more life, but outlook remains grim.
6 Jul 2009Lombard auditor questions value of debentures
Lombard Group's annual report has been passed with qualifications for the second year in a row after Hamilton-based accounting firm Auditors on London raised concerns about the valuation of debenture stock and the validity of the company's earnings being prepared as a going concern.
7 Jul 2009South Canterbury Finance gets S&P warning
UPDATED: South Canterbury Finance is teetering on the edge of moving into junk bond status.
9 Jul 2009BondWatch still has a future in new world
BondWatch, the rating service for investors run by Grosvenor Financial Services, will have plenty of opportunities under the upcoming prudential regime, despite not being one of the headline rating agencies approved by the central bank.
9 Jul 2009Viaduct wants Govt guarantee back
Viaduct Capital, the finance company that was suspended from the government's deposit guarantee scheme, will reapply for the scheme and denies the Treasury's allegations of failing due diligence on certain loans.
13 Jul 2009Rates Round Up
BNZ boosts 18-month deposit rates, cuts one-year terms;Fonterra slashes perpetual bond returns in response to record low OCR; RBNZ says competition pushes deposit rates up.
13 Jul 2009SCF related-party lending faces severe prune under draft rules
South Canterbury Finance (SCF), the finance group whose investment-grade credit rating is being supported by its biggest shareholder, would face a severe pruning of related-party lending under the central bank's draft rules for non-bank deposit takers.
13 Jul 2009RBNZ releases tougher rules for non-bank sector
The Reserve Bank's risk management guidelines for non-bank deposit takers (NBDT) will boost the requirements of boards to monitor their operations, after the central bank released the first of several documents to introduce prudential regulation in the sector.
15 Jul 2009Strategic Finance loss widens
Strategic Finance, which has a moratorium on payments to investors, said its loss widened in the 12 months through June as property values fell, more borrowers defaulted and prior-ranking lenders took action to recover loans over properties subject to SFL mortgages.
20 Jul 2009Rates Round Up
Clegg and Co directors face charges; BNZ says tax bill won't impact on any debt or equity obligations; Downer's Works Bond fully subscribed; St Laurence resets rates; Deutsche Bank starts buying back callable bonds.
21 Jul 2009Banks look to target ING's 14,000 frozen funds clients
Three banks are rumoured to be interested in launching a high interest rate account specifically targeted at investors in ING's frozen funds, to rival that of ANZ.
22 Jul 2009First Step investment trusts wind-down stall as buyers dry up
Investors waiting for another $233.5 million tied up in First Step investment trusts will probably have to wait a little longer as prospective buyers for the company's remaining assets dry up, putting "significant challenges in realising the remaining assets."
22 Jul 2009Kiwibank cash PIEs top a billion dollars
Kiwibank's cash PIE funds have topped a billion dollars just four months after the launch of its financial planning division and amid stiff competition from the term deposit war.
28 Jul 2009Rates Round Up
Momi auction extended; ASB and Bank Direct hike TD rates

News Archive

2021: Jan  Feb  Mar  Apr  May  Jun  Jul  Aug  Sep  Oct  
2020: Jan  Feb  Mar  Apr  May  Jun  Jul  Aug  Sep  Oct  Nov  Dec  
2019: Jan  Feb  Mar  Apr  May  Jun  Jul  Aug  Sep  Oct  Nov  Dec  
2018: Jan  Feb  Mar  Apr  May  Jun  Jul  Aug  Sep  Oct  Nov  Dec  
2017: Jan  Feb  Mar  Apr  May  Jun  Jul  Aug  Sep  Oct  Nov  Dec  
2016: Jan  Feb  Mar  Apr  May  Jun  Jul  Aug  Sep  Oct  Nov  Dec  
2015: Jan  Feb  Mar  Apr  May  Jun  Jul  Aug  Sep  Oct  Nov  Dec  
2014: Jan  Feb  Mar  Apr  May  Jun  Jul  Aug  Sep  Oct  Nov  Dec  
2013: Jan  Feb  Mar  Apr  May  Jun  Jul  Aug  Sep  Oct  Nov  Dec  
2012: Jan  Feb  Mar  Apr  May  Jun  Jul  Aug  Sep  Oct  Nov  Dec  
2011: Jan  Feb  Mar  Apr  May  Jun  Jul  Aug  Sep  Oct  Nov  Dec  
2010: Jan  Feb  Mar  Apr  May  Jun  Jul  Aug  Sep  Oct  Nov  Dec  
2009: Jan  Feb  Mar  Apr  May  Jun  Jul  Aug  Sep  Oct  Nov  Dec  
2008: Jan  Feb  Mar  Apr  May  Jun  Jul  Aug  Sep  Oct  Nov  Dec  
2007: Jan  Feb  Mar  Apr  May  Jun  Jul  Aug  Sep  Oct  Nov  Dec  
2006: Jan  Feb  Mar  Apr  May  Jun  Jul  Aug  Sep  Oct  Nov  Dec  
2005: Jan  Feb  Mar  Apr  May  Jun  Jul  Aug  Sep  Oct  Nov  Dec  
Newsletter Signup

Weekly Updates including news and commentary

Today's Best Bank Rates
Rabobank 0.75
Based on a $50,000 deposit    More Rates »
Today's Top 5 Deposit Rates
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 »
Find a Rate
Show me the rates for
invested over
Use the full calculator
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

More »

Latest Trends
Coming Soon

Disclaimer - Every possible effort has been made to keep the information in the tables and on this site as accurate as possible, however, neither the publisher, Tarawera Publishing, nor anyone engaged to compile the rates and this site accept any liability for inaccuracies or any loss suffered as a result. It is strongly advised that readers check loan details with providers. The full terms and conditions of this site can be found here.

© Copyright 1997-2021. Tarawera Publishing Ltd. All Rights Reserved.