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Saving news

Down, down - more rate cuts for savers

Updated
The trend of rate reductions for savers now extends to on-call and savings accounts, more banks drop TD and PIE rates

Treasury outlines deposit guarantee lessons

Any new retail deposit guarantee would incorporate lessons learnt from the previous scheme and be tougher, Treasury pledges

Term deposit rates inch lower

Updated
Changes to term deposit rates this week continue the trend that started one year ago

BNZ introduces lowest 1yr mortgage rate

BNZ introduces market leading one-year mortgage rate undercutting rivals, but borrowers require 20% equity

BNZ raises key term deposit rates

Against the trend, BNZ has raised two key term deposit interest rates, pushing it to a more competitive position than its main rivals

That sinking feeling

Westpac reduces its term deposit rates; Kiwibank pushes 4% rate out to 6 mths

National Bank depositors loyal

National Bank depositors more loyal than ANZ's, and all other banks' depositors except ASB's

FMA's eye on KiwiSaver fee disclosure

Monitoring report coming from the FMA on KiwiSaver likely to call for more consistency of disclosure on fees & investment returns

'The Chinese want to understand our business'

China's Haier has no plans to sell Fisher & Paykel Finance, says finance company's outgoing managing director. Instead it's looking for synergies

'Why RBNZ & PM are wrong on deposit insurance'

PM John Key and the Reserve Bank are wrong in their opposition to deposit insurance, says NZ-based advisor to international deposit insurers' body