TSB

Joint submission from 5 banks asks MPs for level capital playing field with big 4 banks

Joint submission from 5 banks asks MPs for level capital playing field with big 4 banks

The Co-operative Bank tops bank customer satisfaction survey, with Consumer NZ highlighting low bank switching rates

The Co-operative Bank tops bank customer satisfaction survey, with Consumer NZ highlighting low bank switching rates

Banks quick out of the blocks with cuts to floating home loan rates - and they are also cutting savings account rates

Banks quick out of the blocks with cuts to floating home loan rates - and they are also cutting savings account rates

KPMG's annual Financial Institutions Performance Survey notes the 'challenge' of loan provisioning

KPMG's annual Financial Institutions Performance Survey notes the 'challenge' of loan provisioning

Banks quick out of the blocks with cuts to floating home loan rates - and they are also cutting savings account rates at the same time

Banks quick out of the blocks with cuts to floating home loan rates - and they are also cutting savings account rates at the same time

TSB shines with a pre-RBNZ rate drop for fixed home loan rates, with their one year rate at a market leading level not seen since May 2023 from any other bank

TSB shines with a pre-RBNZ rate drop for fixed home loan rates, with their one year rate at a market leading level not seen since May 2023 from any other bank

Banks trim term deposit rate offers further with no main bank now offering a 5% rate

Banks trim term deposit rate offers further with no main bank now offering a 5% rate

TSB Chairman and CEO bemoan regulatory capital advantages of big 4 banks in select committee hearing

TSB Chairman and CEO bemoan regulatory capital advantages of big 4 banks in select committee hearing

Banks trim term deposit rate offers in slow and steady track, shortening the terms for where their peak rates are pitched. But there are exceptions and options

Banks trim term deposit rate offers in slow and steady track, shortening the terms for where their peak rates are pitched. But there are exceptions and options

Parliamentary banking competition probe hearings getting back under way

Parliamentary banking competition probe hearings getting back under way

Both ASB and Westpac follow up their home loan rate cuts with reduced rates for term deposit savers. Now three institutions (including these two) no longer offer any 5% rates

Both ASB and Westpac follow up their home loan rate cuts with reduced rates for term deposit savers. Now three institutions (including these two) no longer offer any 5% rates

Term deposit savers are facing lower interest rates in 2025 from a number of factors, not the least of which is that banks face depressed lending opportunities. The DCS is also a factor

Term deposit savers are facing lower interest rates in 2025 from a number of factors, not the least of which is that banks face depressed lending opportunities. The DCS is also a factor

The relentless trimming of bank term deposit rate cards has most of them on the cusp of falling below 5% for all terms

The relentless trimming of bank term deposit rate cards has most of them on the cusp of falling below 5% for all terms

With swap rates probably falling about as far as they will go, but more OCR cuts coming, saver preferences for short term deposits will likely mean they are facing sharply lower offer rates

With swap rates probably falling about as far as they will go, but more OCR cuts coming, saver preferences for short term deposits will likely mean they are facing sharply lower offer rates

Co-operative Bank moves first and big, immediately followed by Kiwibank. Co-op cuts -70 bps. Kiwibank also cuts the full -50 bps for savers, but Cooperative Bank tempers some of its cuts to savers

Co-operative Bank moves first and big, immediately followed by Kiwibank. Co-op cuts -70 bps. Kiwibank also cuts the full -50 bps for savers, but Cooperative Bank tempers some of its cuts to savers