Deposit Insurance
As term deposit offer rates sink, real after-tax, after-inflation yields are vanishing. Taxpayer guarantees reducing the risk premiums aren't helping. Savers are barely breaking even, making short term TD's a poor investment
17th Apr 25, 11:00am
38
As term deposit offer rates sink, real after-tax, after-inflation yields are vanishing. Taxpayer guarantees reducing the risk premiums aren't helping. Savers are barely breaking even, making short term TD's a poor investment
[updated]
ANZ pushes down term deposit rates, seemingly confident rivals will follow even though the gap with those rivals is unusually wide. Kiwibank follows with comprehensive cuts. Low loan demand bolsters their shift
15th Apr 25, 8:30am
1
ANZ pushes down term deposit rates, seemingly confident rivals will follow even though the gap with those rivals is unusually wide. Kiwibank follows with comprehensive cuts. Low loan demand bolsters their shift
What is and and isn’t covered under the deposit insurance scheme launching in July
11th Apr 25, 11:10am
8
What is and and isn’t covered under the deposit insurance scheme launching in July
Although most rate changes focused on home loan floating and savings account rates, there was a first trimming of term deposit rates by SBS Bank. They won't be the last
9th Apr 25, 3:43pm
Although most rate changes focused on home loan floating and savings account rates, there was a first trimming of term deposit rates by SBS Bank. They won't be the last
[updated]
Savers are increasing balances at banks at almost twice the rate borrowers are taking out loans. Banks are under no pressure and are trimming TD rates in small amounts regularly now
27th Mar 25, 10:01am
Savers are increasing balances at banks at almost twice the rate borrowers are taking out loans. Banks are under no pressure and are trimming TD rates in small amounts regularly now
[updated]
Another week, more term deposit rate cuts led by some large & some challenger banks. The arrival of sub-4% rates spread, and rate inversions narrow
24th Feb 25, 11:22am
7
Another week, more term deposit rate cuts led by some large & some challenger banks. The arrival of sub-4% rates spread, and rate inversions narrow
We explore how the Deposit Compensation Scheme could allow savers to earn more term deposit interest by spreading investments among the covered institutions. The result: better than main bank returns
22nd Feb 25, 9:03am
1
We explore how the Deposit Compensation Scheme could allow savers to earn more term deposit interest by spreading investments among the covered institutions. The result: better than main bank returns
[updated]
The ground is about to sink faster for savers. ANZ brings back a TD rate starting with a '3', and now only one bank offers a rate starting with a '5'
20th Feb 25, 9:12am
23
The ground is about to sink faster for savers. ANZ brings back a TD rate starting with a '3', and now only one bank offers a rate starting with a '5'
Banks continue tweaking their term deposit offers with Kiwibank (down & up), and BNZ (down) the latest to move. These changes leave ANZ top of that main bank heap with its six month offer
10th Feb 25, 10:53am
45
Banks continue tweaking their term deposit offers with Kiwibank (down & up), and BNZ (down) the latest to move. These changes leave ANZ top of that main bank heap with its six month offer
Banks trim term deposit rate offers further with no main bank now offering a 5% rate
3rd Feb 25, 9:56am
5
Banks trim term deposit rate offers further with no main bank now offering a 5% rate
[updated]
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
28th Jan 25, 9:41am
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
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
17th Jan 25, 2:33pm
9
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
14th Jan 25, 10:26am
5
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
Non-bank deposit takers will be included in the Deposit Compensation Scheme starting in mid-2025. Our rate tables now identify these regulated financial institutions
13th Dec 24, 5:56am
11
Non-bank deposit takers will be included in the Deposit Compensation Scheme starting in mid-2025. Our rate tables now identify these regulated financial institutions
The relentless trimming of bank term deposit rate cards has most of them on the cusp of falling below 5% for all terms
12th Dec 24, 10:06am
43
The relentless trimming of bank term deposit rate cards has most of them on the cusp of falling below 5% for all terms
[updated]
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
4th Dec 24, 12:12pm
11
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
[updated]
Savers suffer falling term deposit rate drift as a number of factors weigh on how banks set these rates
11th Nov 24, 9:41am
31
Savers suffer falling term deposit rate drift as a number of factors weigh on how banks set these rates
Whilst the push for greater bank competition is good news, it may also come with increased risk
28th Oct 24, 6:00am
22
Whilst the push for greater bank competition is good news, it may also come with increased risk
[updated]
More banks trim term deposit rate offers again - but amazingly there's still one offer in the market at a rate above 6%
16th Oct 24, 11:01am
10
More banks trim term deposit rate offers again - but amazingly there's still one offer in the market at a rate above 6%
Banks keep chipping away at their term deposit rate offers, a trend likely to continue for a while yet. We reveal the reasons why
20th Sep 24, 11:42am
8
Banks keep chipping away at their term deposit rate offers, a trend likely to continue for a while yet. We reveal the reasons why
BNZ trims some short rates for savers, a signal there will be much more change coming for savers over the next nine months
13th Sep 24, 10:09am
3
BNZ trims some short rates for savers, a signal there will be much more change coming for savers over the next nine months
[updated]
Reserve Bank consultation details possible changes for its open bank resolution policy
5th Sep 24, 9:17am
Reserve Bank consultation details possible changes for its open bank resolution policy
Deposit insurance expert Geof Mortlock details concerns about New Zealand's incoming depositor compensation scheme
24th May 24, 10:01am
12
Deposit insurance expert Geof Mortlock details concerns about New Zealand's incoming depositor compensation scheme
[updated]
Treasury says depositor compensation scheme fund to build up over 20 years, covering 0.8% of protected deposits
9th May 24, 10:00am
5
Treasury says depositor compensation scheme fund to build up over 20 years, covering 0.8% of protected deposits
Savers will be able to identify products covered by the Depositor Compensation Scheme through a logo currently being designed by the Reserve Bank
14th Mar 24, 1:03pm
7
Savers will be able to identify products covered by the Depositor Compensation Scheme through a logo currently being designed by the Reserve Bank