Kiwibank
Just 14 days after starting the recent rate cut flurry, Westpac cuts both home loan and term deposit rates again. It now mostly just matches rivals, but for some terms is again market-leading
24th Jul 24, 2:38pm
48
Just 14 days after starting the recent rate cut flurry, Westpac cuts both home loan and term deposit rates again. It now mostly just matches rivals, but for some terms is again market-leading
[updated]
Banks typically charge low equity fees for borrowers with deposits below 20%. Are these reapplied if equity rises above 20% and then drops back below 20%?
24th Jul 24, 5:00am
29
Banks typically charge low equity fees for borrowers with deposits below 20%. Are these reapplied if equity rises above 20% and then drops back below 20%?
Fast falling interest rates are seeing major banks reduce term deposit offers. But not all banks are doing this. We reveal 9 banks still offering savers 6% or more
23rd Jul 24, 10:57am
53
Fast falling interest rates are seeing major banks reduce term deposit offers. But not all banks are doing this. We reveal 9 banks still offering savers 6% or more
'We are hitting the point where the RBNZ’s worries should switch from the risks from cutting the OCR too soon to the risks of keeping it too high for too long'
22nd Jul 24, 2:50pm
28
'We are hitting the point where the RBNZ’s worries should switch from the risks from cutting the OCR too soon to the risks of keeping it too high for too long'
Major banks complete shift of home loan rates lower. ASB pointedly grabs the lowest 6 month and 5 year rate offers of any bank. But a broader perspective suggests even lower rates are possible
22nd Jul 24, 8:36am
100
Major banks complete shift of home loan rates lower. ASB pointedly grabs the lowest 6 month and 5 year rate offers of any bank. But a broader perspective suggests even lower rates are possible
[updated]
BNZ the latest bank to cut fixed mortgage rates, offering the lowest 18 month fixed rate of any main bank and equal low for other popular terms. Heartland Bank, Kiwibank cut too
19th Jul 24, 9:45am
87
BNZ the latest bank to cut fixed mortgage rates, offering the lowest 18 month fixed rate of any main bank and equal low for other popular terms. Heartland Bank, Kiwibank cut too
[updated]
A cycle of term deposit rate cuts is starting, underpinned by falling international rates and weak local loan demand. That opens up variances and opportunities for savers who act quickly to exploit them
18th Jul 24, 9:21am
34
A cycle of term deposit rate cuts is starting, underpinned by falling international rates and weak local loan demand. That opens up variances and opportunities for savers who act quickly to exploit them
The drop in the annual inflation rate to 3.3% sees economists adopt a near-consensus view that the Reserve Bank will begin interest rate cuts in November. But an earlier start is seen as possible
18th Jul 24, 5:00am
30
The drop in the annual inflation rate to 3.3% sees economists adopt a near-consensus view that the Reserve Bank will begin interest rate cuts in November. But an earlier start is seen as possible
[updated]
ANZ goes second, cutting retail rates. Both fixed home loan and term deposit rates have been sliced, some by as much as -30 bps. Almost certainly they will be followed by the other major banks, forcing the challenger banks into a tough spot
17th Jul 24, 5:59pm
86
ANZ goes second, cutting retail rates. Both fixed home loan and term deposit rates have been sliced, some by as much as -30 bps. Almost certainly they will be followed by the other major banks, forcing the challenger banks into a tough spot
[updated]
Employees of failed BNPL lender Laybuy may miss out on money owed and holiday pay, despite being preferential creditors
17th Jul 24, 11:15am
4
Employees of failed BNPL lender Laybuy may miss out on money owed and holiday pay, despite being preferential creditors
Savers should move quickly to capture term deposit specials before they expire. It seems likely that they won't be repeated any time soon
12th Jul 24, 10:11am
29
Savers should move quickly to capture term deposit specials before they expire. It seems likely that they won't be repeated any time soon
Westpac has responded to the diving wholesale rates following dovish RBNZ signals by cutting its popular short fixed home loan rates, and trimming its short term deposit rate offers
11th Jul 24, 12:11pm
100
Westpac has responded to the diving wholesale rates following dovish RBNZ signals by cutting its popular short fixed home loan rates, and trimming its short term deposit rate offers
Kiwibank economists say they would recommend cutting the Official Cash Rate in August
8th Jul 24, 1:45pm
23
Kiwibank economists say they would recommend cutting the Official Cash Rate in August
With the economy in a tailspin and the RBNZ stubbornly holding the OCR, Gareth Vaughan takes a look at the non-tradable inflation dilemma
6th Jul 24, 9:10am
38
With the economy in a tailspin and the RBNZ stubbornly holding the OCR, Gareth Vaughan takes a look at the non-tradable inflation dilemma
With loan demand softer than customer deposit growth, banks are now less likely to press for more customer funding. BNZ eases back on some above-rival term deposit rates
4th Jul 24, 10:02am
3
With loan demand softer than customer deposit growth, banks are now less likely to press for more customer funding. BNZ eases back on some above-rival term deposit rates
Economists are eyeing earlier interest rate cuts after ‘dire’ business survey shows inflation has been ‘beaten’
2nd Jul 24, 1:49pm
79
Economists are eyeing earlier interest rate cuts after ‘dire’ business survey shows inflation has been ‘beaten’
Westpac's latest mortgage rate adjustments bring their higher rates down into line with their main rivals. We ask readers to record the below-card offers they get on their banking apps so others can know where real savings can be won
26th Jun 24, 6:00pm
26
Westpac's latest mortgage rate adjustments bring their higher rates down into line with their main rivals. We ask readers to record the below-card offers they get on their banking apps so others can know where real savings can be won
[updated]
Just as Kiwibank ends its good one year 'special' term deposit offer, BNZ jumps in with one of its own. Even higher rates are available from investment-grade rated others
19th Jun 24, 11:28am
19
Just as Kiwibank ends its good one year 'special' term deposit offer, BNZ jumps in with one of its own. Even higher rates are available from investment-grade rated others
It's a line ball call whether GDP figures out in the coming week will reveal the country still to be in recession or not. But whatever the outcome, economists don't see a particularly rosy path for the economy in the immediate future
16th Jun 24, 6:30am
85
It's a line ball call whether GDP figures out in the coming week will reveal the country still to be in recession or not. But whatever the outcome, economists don't see a particularly rosy path for the economy in the immediate future
Gareth Vaughan suggests bank capital will again be a key area of debate as parliamentary select committees inquire about banking competition
14th Jun 24, 5:00am
11
Gareth Vaughan suggests bank capital will again be a key area of debate as parliamentary select committees inquire about banking competition
[updated]
Kiwibank accused of 'longstanding, systemic breaches of the Fair Trading Act' after identifying & reporting issues to Commerce Commission
11th Jun 24, 10:12am
14
Kiwibank accused of 'longstanding, systemic breaches of the Fair Trading Act' after identifying & reporting issues to Commerce Commission
David Chaston investigates what the best home loan rate and term choice might be for borrowers needing to refix soon
10th Jun 24, 2:07pm
50
David Chaston investigates what the best home loan rate and term choice might be for borrowers needing to refix soon
With open banking threatening to finally gather some pace in New Zealand, Worldline with Online EFTPOS has been one of the early movers
27th May 24, 12:33pm
4
With open banking threatening to finally gather some pace in New Zealand, Worldline with Online EFTPOS has been one of the early movers
David Chaston looks at the rise and rise of mortgage broking in New Zealand, which is now a dominant force in controlling home loan origination activity
17th May 24, 5:00am
35
David Chaston looks at the rise and rise of mortgage broking in New Zealand, which is now a dominant force in controlling home loan origination activity
While most borrowers are focused on 6 and 12 month fixed mortgage rates, there is suddenly more competition among banks at the three year fixed rate level. It might make sense to consider that option
16th May 24, 9:22am
11
While most borrowers are focused on 6 and 12 month fixed mortgage rates, there is suddenly more competition among banks at the three year fixed rate level. It might make sense to consider that option