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

Banks only ones to change rates

The past week has been very quiet for investors looking at fixed interest rates. The only changes have been a couple of moves by banks.

Monday, 21 January 2008
Kiwibank has its special, one-year interest at maturity rate up at 9.00%. Last time it went this high it didn't stay up for long. However, none of the other banks matched it in this competitive space when it last had a 9.00% rate.

Depositrates.co.nz will keep you up-to-date on changes in this space.

ASB and Bank Direct made some changes this week, dropping their six, nine and 12 month rates to 8.55%.

However, they did roll out a new special. As has been the trend with recent specials, there is a theme to it.

The new one is the "Chinese New Year" special. It is a nine-month, IAM, rate of 8.75% for deposits of more than $10,000.

The other significant news event in the finance company sector has been market events surround MFS's, ASX-listed parent company. You can read some of the news here.

While there have been few investment rate changes in the past couple of weeks we expect that situation will have changed by month's end.

Commenting is closed

print

Printable version

print

Email to a friend
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
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 »
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 »

Previous News
Latest Trends
Coming Soon
MORE »

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.