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Non-bank deposit taking tussle
Friday, 11 February 2011
There have been some major rate changes in the non-bank deposit-taking space in what seemed to be a tussle between two equally rated finance companies. Fisher & Paykel made some big moves in interest rates as it raised rates across most terms up to five years. The move was likely in response to rate increases made by PGG Wrightson in early January.
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