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deposit rates

News Archive - March 2008

4 Mar 2008Uncertain future for Fortress notes
Macquarie Fortress New Zealand directors say, in their half-year interim report, the future of its Fortress Notes trust is uncertain.
5 Mar 2008MFS Pacific to get around $11 mill
Financially troubled MFS Pacific Finance is to receive around A$10 million ($11.7m) in cash back from an inter-party related loan.
13 Mar 2008Investors need to think about returns differently
The Southland Building Society (SBS) has launched a tax efficient cash fund.
17 Mar 2008Debenture holders unable to write off losses: IRD
Most investors will not be able to write off finance company losses, the Inland Revenue Department warns.
18 Mar 2008No tax write-offs for investors
Most investors will not be able to write off finance company losses, the Inland Revenue Department warns.
19 Mar 2008TSB gets a ratings upgrade
TSB Bank has had its credit rating upgraded on the back of "very-good asset quality and profitability".
20 Mar 2008Your guide to bank bond offers
Investors looking for yield and safety are flocking to the two 10%-plus bond offers currently in the market, committing well over a $1 billion to the issues.
27 Mar 2008BNZ lowers rate on share offer
BNZ Income Securities has set the dividend rate for the first five years on its perpetual shares at 9.89%, which is 0.33% lower than advertised.
27 Mar 2008F&P to keep finance company
UPDATED: Fisher & Paykel Appliances has failed to find a buyer for its finance company business and plans to hold onto it for now.
31 Mar 2008S&P paints picture of debenture market
Standard and Poor's says that when retail confidence returns to the finance company sector, it may look a lot different.

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Rabobank 0.75
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Today's Top 5 Deposit Rates
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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
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ASB Bank 0.15 0.16 0.17
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Kiwibank 0.25 - -
Nelson Building Society - - -
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TSB Bank 0.25 0.25 0.26
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Westpac 0.05 0.05 0.05
Westpac 0.25 0.26 0.27

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