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

News Archive - September 2010

1 Sep 2010HBS members give SBS merger thumbs up
Hastings Building Society members have signed off on a bid to merge with SBS Bank that will give the mutual more security as tough rules for non-bank draw closer.
2 Sep 2010Strategic book value deficit at $195.5m
Strategic Finance, placed in receivership in March and liquidation in July, has a book value deficit of $195.5 million, according to the first report from the liquidators.
2 Sep 2010SCF’s long history blurred in an instant
[BLOG] South Canterbury Finance’s demise, and this may seem odd, was a little bit of a surprise. Sure there were the regular commentary crowd baying for a receivership. They are a bit like the peasants in the old days wanting to see people hung, drawn and quartered, a beheading or simply someone being thrown to the tigers. Well they got their head this time.
2 Sep 2010 Liquidiator mum on Five Star funding commitments
Ongoing litigation has Five Star Finance's liquidator is keeping mum on the amount of funds on hand in the trust account and where it is committed.
6 Sep 2010Govt wants SCF sold as going-concern
Prime Minister John Key would prefer a sale of failed financier South Canterbury Finance in one hit, as a going concern, as the receivers call for expressions of interest in the firm’s assets. 
7 Sep 2010English defends SCF bailout
Finance Minister Bill English says the government's response to the receivership of South Canterbury Finance (SCF) made an estimated net saving to the Crown of about $100 million.
7 Sep 2010TrustPower mulls $100m retail bond offer
TrustPower, the Infratil-controlled electricity generator, is mulling a retail bond offer to help repay bank debt and push out its maturity profile.
8 Sep 2010Strategic wins $2.4m ruling against Henderson
Failed lender Strategic Finance has won a court ruling ordering Christchurch property developer Dave Henderson to pay almost $2.4 million to cover debt on a property development once owned by author Alan Duff.
8 Sep 2010Interest in corporate debt reigniting
Dwindling prospects for further interest rate hikes by the Reserve Bank this year may stoke interest in corporate bonds as investors seek certainty of income.
9 Sep 2010What to do with your South Canterbury money
Investors wondering what to do with their about $1.73 billion in South Canterbury Finance and Allied Nationwide Finance refunds don't have to settle for bank deposit rates.
14 Sep 2010F&P Finance relying more on cheaper bank loans
Fisher & Paykel Finance's debenture reinvestment rates rose in recent months reflecting increased confidence from investors after the finance company received the government's approval under the extended retail guarantee scheme.
16 Sep 2010New Kiwi bank due by February
New Zealanders will have a new, locally owned bank to invest in by February next year, through the proposed NZX listing of a merger between Pyne Gould Corp., its finance subsidiary Marac, and the Canterbury and Southern Cross Building Societies.
21 Sep 2010Near-status quo on RBNZ’s liquidity norms for NBDTs
The Reserve Bank has finalised liquidity policy for finance companies that will require the liquidity requirements to be quantified when it is included in the trust deed. The policy will also require the company and its trustee to take the liquidity of the borrowing group in to account along with the company itself.
23 Sep 2010SCF trustee pays out $350m to bondholders
Bargain hunters who bet against South Canterbury Finance's had their pay-day today, with the failed financier's trustee paying out about $350 million to the listed bond holders.
24 Sep 2010Rates Round Up for Sept 22
BNZ removes PIE fees; Greenstone bond issue oversubscribed at $147 million; $27 billion missing out on interest: BNZ removes cash PIE management fee; Public Trust assigned backed Aaa deposit rating from Moody's; TrustPower launches 7 year senior bond
24 Sep 2010SCF woes sparked Hubbard complaint
South Canterbury Finance's woes sparked the initial complaint that led to Allan Hubbard and some of his interests being placed into statutory management.
27 Sep 2010[New offer] TrustPower bonds
Electricity generator and retailer TrustPower's up to $100 million senior bond offer provides investors with the opportunity to lock in a relatively high interest rate for seven years in an environment in which longer-term interest rates have been falling steadily.
28 Sep 2010TD rates can't go higher: Westpac
New Zealand banks can't lift their retail deposits much further despite offering significantly higher interest rates, according to Westpac chief economist Brendan O'Donovan and senior economist Dominick Stephens.
29 Sep 2010F&P Finance offering big incentive for 1yr rates
Fisher & Paykel Finance has devised a strategy aimed at encouraging debenture investors in to investing in non-guaranteed investments.
29 Sep 2010SCF debenture holders payment delayed
South Canterbury Finance’s 35,000 debenture and deposit holders will have to wait until the middle of next month to their $1.6 billion returned.

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.