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

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

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

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

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

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

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

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

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

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

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

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'

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

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

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

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

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

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

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

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

Savers suffer falling term deposit rate drift as a number of factors weigh on how banks set these rates

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

Whilst the push for greater bank competition is good news, it may also come with increased risk

More banks trim term deposit rate offers again - but amazingly there's still one offer in the market at a rate above 6%

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

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

BNZ trims some short rates for savers, a signal there will be much more change coming for savers over the next nine months

Reserve Bank consultation details possible changes for its open bank resolution policy

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

Deposit insurance expert Geof Mortlock details concerns about New Zealand's incoming depositor compensation scheme

Treasury says depositor compensation scheme fund to build up over 20 years, covering 0.8% of protected deposits

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

Savers will be able to identify products covered by the Depositor Compensation Scheme through a logo currently being designed by the Reserve Bank