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deposit rates

News Archive - October 2008

1 Oct 2008Dominion censured, fined for overdue report
Dominion Finance Holdings (DFH), whose shares last traded at 1 cent, was publicly censured by the stock exchange and fined NZ$65,000 after failing to file an annual report by the due date.
7 Oct 2008Southland Building Society gains bank licence
Southland Building Society has gained registration as a bank, according to a statement from Reserve Bank of New Zealand.
8 Oct 2008AMP on the defensive
AMP Capital is altering its portfolio allocation after a September quarter which reflected international market turmoil.
8 Oct 2008Dominion appoints administrator, cancells AGM
Dominion Finance Holdings, starved of funds because one of its operating units is in receivership and the other attempting a moratorium, will appoint a voluntary administrator.
15 Oct 2008Strategic purchase falters, parties resume talks
Australia’s Allco HIT said the sale of Strategic Finance has hit a snag and it will resume negotiations with the investment group seeking to buy the finance company.
16 Oct 2008Geneva set to breach bank covenants
Geneva Finance, the lender that closed its branch network to cut costs, said it is in breach of bank covenants and now expects a full-year loss because of an increase in bad loans.
16 Oct 2008Guarantee scheme: Who's in
Depositrates.co.nz is keeping tabs on which firms have applied to join the government’s deposit guarantee scheme.
16 Oct 2008Dominion shares suspended indefinitely
The NZX has suspended trading in Dominion Finance Holdings (DFH) shares indefinitely.
17 Oct 2008Strategic sale terminated on adverse credit markets
The sale of Strategic Finance has been scrapped because deteriorating credit markets meant conditions of the transaction couldn’t be met.
28 Oct 2008AXA suspends $225m of funds as redemptions climb
AXA New Zealand suspended three funds holding NZ$225 million in anticipation of increased redemptions as investors are attracted to government-guaranteed bank deposits.

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Today's Best Bank Rates
Rabobank 1.75
Based on a $50,000 deposit    More Rates »
Today's Top 5 Deposit Rates
InstitutionRateProduct
NZCU Auckland 2.50 Success Saver
First Credit Union 2.00 Online Savings
Nelson Building Society 2.00 Lifestyle On-Call Account
Rabobank 1.75 Rabobank PremiumSaver - max rate
Heretaunga Building Society 1.70 On Call
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ANZ 0.10 0.10 0.11
ASB Bank 0.10 0.41 0.42
ASB Bank 0.10 0.59 0.56
ASB Bank 0.10 0.61 0.64
ASB Bank 0.15 0.66 0.69
ASB Bank 0.20 0.72 0.75
BNZ 0.10 0.10 0.10
Heartland Bank 1.00 2.59 2.70
Kiwibank 0.30 0.77 0.88
Kiwibank 0.90 1.81 1.89
Nelson Building Society 3.75 3.90 4.08
SBS Bank 1.50 - -
TSB Bank 0.90 1.64 1.71
Westpac 0.35 0.36 0.38
Westpac 0.05 0.10 0.11
Westpac 1.40 2.16 2.26

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