Kiwibank
Even though wholesale rates have turned down rather sharply in the past few days, BNZ has raised its one year TD offer above any other main bank
6th Nov 23, 9:26am
23
Even though wholesale rates have turned down rather sharply in the past few days, BNZ has raised its one year TD offer above any other main bank
The Red Bank raises fixed home loan rates across the board, and tweaks two short-term term deposit rates higher, moving up into rate space provided earlier by ASB and other rivals
30th Oct 23, 4:52pm
13
The Red Bank raises fixed home loan rates across the board, and tweaks two short-term term deposit rates higher, moving up into rate space provided earlier by ASB and other rivals
[updated]
ANZ raises home loan rates along with term deposit rates, finally catching up with ASB, but opening up same carded differences with other main rivals
24th Oct 23, 5:53pm
59
ANZ raises home loan rates along with term deposit rates, finally catching up with ASB, but opening up same carded differences with other main rivals
[updated]
Many banks now offer 6.1% pa term deposit rates for any term between 6 & 36 months, but SBS Bank's new 6.7% one year special rate stands out
24th Oct 23, 10:39am
34
Many banks now offer 6.1% pa term deposit rates for any term between 6 & 36 months, but SBS Bank's new 6.7% one year special rate stands out
Westpac floats idea of mutual anti-money laundering due diligence across banks to help improve the customer switching experience
21st Oct 23, 10:11am
6
Westpac floats idea of mutual anti-money laundering due diligence across banks to help improve the customer switching experience
Another main bank - Kiwibank - trumps the ASB 6% term deposit offer for a six month term, pushing it to 6.05%, a market-leading level from any bank
18th Oct 23, 2:15pm
12
Another main bank - Kiwibank - trumps the ASB 6% term deposit offer for a six month term, pushing it to 6.05%, a market-leading level from any bank
[updated]
Heartland Bank raises more home loan rates, whittling back much of its rate advantage. It also unveils a 5% digital call account, besting most other call account offers
16th Oct 23, 11:39am
Heartland Bank raises more home loan rates, whittling back much of its rate advantage. It also unveils a 5% digital call account, besting most other call account offers
[updated]
Kiwibank pulls in $650 million through record equaling retail bond issue paying investors significantly more than its five-year term deposit rate
12th Oct 23, 12:46pm
5
Kiwibank pulls in $650 million through record equaling retail bond issue paying investors significantly more than its five-year term deposit rate
New Kiwibank spending data shows the volume of card spend declined 0.7% over the September quarter, while compared with a year earlier, the number of transactions grew by just 0.5%
10th Oct 23, 10:33am
9
New Kiwibank spending data shows the volume of card spend declined 0.7% over the September quarter, while compared with a year earlier, the number of transactions grew by just 0.5%
Credit ratings agency S&P Global Ratings says NZ Post is facing 'ongoing structural decline' in its traditional business and will have reduced financial flexibility after sale of Kiwibank to the Crown
6th Oct 23, 12:36pm
Credit ratings agency S&P Global Ratings says NZ Post is facing 'ongoing structural decline' in its traditional business and will have reduced financial flexibility after sale of Kiwibank to the Crown
Economists are cheered by signs the Reserve Bank's monetary tightening is getting traction but caution that inflationary pressures are still strong
3rd Oct 23, 2:01pm
59
Economists are cheered by signs the Reserve Bank's monetary tightening is getting traction but caution that inflationary pressures are still strong
[updated]
There are more home loan rate rises but they are not market leading - those are yet to come. Still, the sting to household budgets will be spreading around the country, and the downstream impacts won't be light
25th Sep 23, 10:29am
139
There are more home loan rate rises but they are not market leading - those are yet to come. Still, the sting to household budgets will be spreading around the country, and the downstream impacts won't be light
Government sell-down via partial share market listing wouldn't be a massive change, Kiwibank CEO says, but requirement for a bigger dividend could impact capital plans
22nd Sep 23, 9:29am
96
Government sell-down via partial share market listing wouldn't be a massive change, Kiwibank CEO says, but requirement for a bigger dividend could impact capital plans
Squirrel's David Cunningham says ASB's high mortgage rates are hitting its market share and short-term profit from higher margins will come at the expense of longer-term profits
16th Sep 23, 9:12am
35
Squirrel's David Cunningham says ASB's high mortgage rates are hitting its market share and short-term profit from higher margins will come at the expense of longer-term profits
Latest REINZ housing market data suggest 'momentum is building and that is likely to continue throughout the spring', economists say
14th Sep 23, 11:58am
77
Latest REINZ housing market data suggest 'momentum is building and that is likely to continue throughout the spring', economists say
Hush money? NZ banks offer financial settlements to scammed customers if they agree not to talk about it
12th Sep 23, 12:00pm
12
Hush money? NZ banks offer financial settlements to scammed customers if they agree not to talk about it
Labour leader Chris Hipkins says he will focus on balancing the budget now that the pandemic has passed
8th Sep 23, 7:33am
132
Labour leader Chris Hipkins says he will focus on balancing the budget now that the pandemic has passed
New Zealand banks need to do right by their customers, and it starts with dropping mortgage rates, David Cunningham argues
7th Sep 23, 8:00am
98
New Zealand banks need to do right by their customers, and it starts with dropping mortgage rates, David Cunningham argues
ASB raises carded fixed home loan rates, now the only bank with a 2-year rate over 7%. This comes as the bank raises term deposit rates for savers
4th Sep 23, 10:20am
27
ASB raises carded fixed home loan rates, now the only bank with a 2-year rate over 7%. This comes as the bank raises term deposit rates for savers
'We see quarterly economic activity flitting between small positives and negatives over the remainder of 2023. In per capita terms the economic downturn will be much more pronounced' - ASB economists
29th Aug 23, 11:37am
66
'We see quarterly economic activity flitting between small positives and negatives over the remainder of 2023. In per capita terms the economic downturn will be much more pronounced' - ASB economists
Significant June quarter increase in non-performing housing loan volumes for ANZ NZ and ASB
29th Aug 23, 9:14am
Significant June quarter increase in non-performing housing loan volumes for ANZ NZ and ASB
CEO Steve Jurkovich wants New Zealanders to be 'fired up enough' to move to Kiwibank if they want a more competitive banking market
26th Aug 23, 10:45am
26
CEO Steve Jurkovich wants New Zealanders to be 'fired up enough' to move to Kiwibank if they want a more competitive banking market
Westpac joins ASB and ANZ with higher fixed home loan rates. It also raises term deposit rates. With the majors mostly falling into line with the ASB-led hiking, all eyes will now turn to BNZ and Kiwibank
24th Aug 23, 5:13pm
51
Westpac joins ASB and ANZ with higher fixed home loan rates. It also raises term deposit rates. With the majors mostly falling into line with the ASB-led hiking, all eyes will now turn to BNZ and Kiwibank
[updated]
Kiwibank June-year profit hits $175 mln as income surges, loan impairment losses more than double
24th Aug 23, 8:53am
34
Kiwibank June-year profit hits $175 mln as income surges, loan impairment losses more than double
ASB opened the door, and the first to walk through it is ANZ with an even steeper set of fixed home loan rate increases
22nd Aug 23, 7:04pm
70
ASB opened the door, and the first to walk through it is ANZ with an even steeper set of fixed home loan rate increases