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Saving news

Westpac sees less pressure on interest rates

Westpac thinks the Reserve Bank will hike the OCR again next week, then hit the pause button until next year

BNZ tweaks some rates higher

BNZ gives some begrudging increases for term deposit terms from 4 to 12 months, none of which are market leading

4.5%, the new standard for 1-yr term deposits?

Smaller banks push the one year term deposit rate up to 4.5% as the benchmark, a rate set by Kiwibank a week ago

Harmoney granted 1st P2P licence

Harmoney the first peer-to-peer lender to obtain a licence from the FMA; Launch coming soon; Potential revolution in personal lending & savings market is born

Kiwibank raises term deposit rates

Kiwibank follows OCR rise with selected increases to savings and term deposit rates for up to 1 year, targets 200 day TD with a market leading rate

Hisco sees 'burnt fingers' from P2P

CEO David Hisco says ANZ will monitor peer-to-peer lending but warns P2P might not be as easy as it looks

P2P, the Walmart, Ryan Air or Trade Me of banking?

Gareth Vaughan says P2P lending is an exciting financial services revolution, but needs to be watched closely by regulators

ASB raises term deposit rates

ASB follows OCR rise with increases to all its term deposit rates for terms 1 month to 1 year

ANZ 1st out of blocks after OCR hike

ANZ lifts floating and flexible mortgage interest rates, and 'serious saver' deposit rates, all by 25 basis points

Bank funding nirvana

RBNZ highlights good times continuing to roll for banks on funding front; Not such good news for depositors