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
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.
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