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ANZ National raise 6 month term deposit rate to 4.6%; Highest of big 4
ANZ and National Bank have tweaked five and six month term deposit rates to bring each in line with the other and in doing so, effectively raised their six month offer by 10 basis points to 4.6%.
ANZ raised its six month rate 10 bps to 4.6%, while National Bank raised its six month rate by 110 bps to the same level. At the same time, National Bank lowered its five month rate from 4.5% to 3.5%, which is the same five month rate ANZ is offering. The rates are for deposits over NZ$10,000.
The move brings ANZ National's six month term deposit rate in line with a special 4.6% offer by SBS Bank (min. NZ$5,000), and is the highest offered by a bank in New Zealand for this term. The highest five month rate offered by a bank in New Zealand in 4.6% offered by BNZ, SBS and Westpac.
See and compare term deposit rates for terms less than a year here, and terms one year and over here.
Great news to start the
Great news to start the day, the BoE has pumped a heap more QE into the depression. The total is to reach 175 BILLION before the end of the year. They would be quicker but the bank ran out of paper. And where has it all gone so far? No body knows! Hello inflation my old friend.