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Saving news

BNZ raises term deposit rates

Updated
A rise of four key term deposit rates by BNZ brings them more into line with other banks, but none are market leading. Cuts some key saver account rates

Harmoney attracts New York backer

Blue Elephant Capital Management to lend US$50 mln through NZ P2P lender Harmoney over 2 years, Says NZ in need of well-priced capital

Introducing Elizabeth Kerr

New columnist Elizabeth Kerr outlines how and why she will be writing about money and how to accumulate it

'All investment comes with some risk'

Majority of respondents to FMA survey erroneously think NZ bank deposits are guaranteed

Rabobank NZ faces credit rating downgrade

Updated
S&P likely to drop Rabobank NZ long-term credit rating one notch to A+ after end of Dutch parent's unconditional guarantee; NZ CEO says bank has outgrown the need for a parental guarantee

OCR unchanged through 2015?

ANZ economists say the odds of the RBNZ sitting out 2015 are growing by the day with an 'extended policy siesta' possible

Harmoney rejecting 70-80% of loan applications

Harmoney has lent $2 million to date, aims to lend more than $100 million in first year

'The end of banking secrecy'

NZ banks baulking at global FATCA style initiative OECD describes as a 'step-change' in tackling & deterring cross-border tax evasion

Who should savers vote for?

Gareth Vaughan takes a look at what the main political parties are offering savers ahead of the September 20 election

4 funders stump up $100m for Harmoney

Peer-to-peer lender Harmoney launches, "officially," with $100 million to lend