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deposit rates

News Archive - May 2006

2 May 2006Finance company sustainability questioned
KPMG questions the sustainability of some finance companies in the face of an economic slowdown.
9 May 2006Cullen rubbishes switching claims
Many readers may have seen an article which suggested that the proposed tax changes to managed funds may encourage savers on high marginal tax rates to switch from term deposits to managed funds.
10 May 2006UDC retains investment grade rating
Standard and Poor's has reaffirmed UDC Finance's AA- long term credit ratings.
10 May 2006Provincial Finance stops accepting new investments
Provincial Finance says it will report a loss for the year ending March 31, and it has stopped taking in new investments.
19 May 2006Deposit rate news briefs
Allied hones in on Prime target, Forsyth Barr SAILS in with new offer, Kiwibank’s rating confirmed, Western Bay improves position.
23 May 2006Provincial talks to South Canterbury
Troubled-finance company Provincial Finance may sell part of its loan book to South Canterbury Finance to raise cash needed to restructure trading.
28 May 2006Deposit rate news briefs
Two new online call accounts, Compass sets direction with Bridgecorp, Allied secures Prime target, One car lender happy.
30 May 2006Increasing risks may catch investors out: S&P
Increasing risk in "safe" fixed-income securities may catch investors unaware, according to Standard & Poor's Investment Consulting.

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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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ANZ 0.10 0.10 0.11
ASB Bank 0.05 0.41 0.42
ASB Bank 0.05 0.59 0.56
ASB Bank 0.05 0.61 0.64
ASB Bank 0.08 0.66 0.69
ASB Bank 0.08 0.72 0.75
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 0.35 0.36 0.38
Westpac 0.05 0.05 0.05
Westpac 0.35 0.36 0.38

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