DEPOSITOR COMPENSATION SCHEME
ASB raises some term deposit rates. We update our review of all Depositor Compensation Scheme-covered term deposit rates to assess how valuable ASB's move is
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ASB raises some term deposit rates. We update our review of all Depositor Compensation Scheme-covered term deposit rates to assess how valuable ASB's move is
RBNZ Assistant Governor Karen Silk says monetary policy is not just about curbing borrowing demand, it’s also about incentivising people to save more
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RBNZ Assistant Governor Karen Silk says monetary policy is not just about curbing borrowing demand, it’s also about incentivising people to save more
We unpack the household term deposit numbers, finding the 80/20 rule firmly in place. We also see those with smaller balances returning to this savings option
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We unpack the household term deposit numbers, finding the 80/20 rule firmly in place. We also see those with smaller balances returning to this savings option
We update where term deposit rates have moved to over the past two months, noting changes are lagging home loan rate rises
We update where term deposit rates have moved to over the past two months, noting changes are lagging home loan rate rises
Even though there have only been sporadic term deposit rate changes over the past month, the slow but steady shifts have opened up interesting variations between financial institutions
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Even though there have only been sporadic term deposit rate changes over the past month, the slow but steady shifts have opened up interesting variations between financial institutions
Although term deposit rate changes have lagged wholesale and mortgage rate rises, there's been a steady stream of them, shifting where you can find the highest rates
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Although term deposit rate changes have lagged wholesale and mortgage rate rises, there's been a steady stream of them, shifting where you can find the highest rates
Since Depositor Compensation Scheme launch residential mortgage lending by finance companies is up over 30%, Reserve Bank says
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Since Depositor Compensation Scheme launch residential mortgage lending by finance companies is up over 30%, Reserve Bank says
The shifting sands of term deposit rate offers sees short rates rise above 3% with rises concentrated in the one year-plus terms, and very long rates at or over 5% again
The shifting sands of term deposit rate offers sees short rates rise above 3% with rises concentrated in the one year-plus terms, and very long rates at or over 5% again
Household term deposit balances have flat-lined since early 2024. But now that bank offer rates are rising, with 4%-plus rates even offered by some main banks, will that encourage savers to move back?
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Household term deposit balances have flat-lined since early 2024. But now that bank offer rates are rising, with 4%-plus rates even offered by some main banks, will that encourage savers to move back?
In granular analysis, we show the rate offer moves lower for savers have been faster than for borrowers. But the size of the shift might surprise you, with at least 3 interesting out-takes from this analysis
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In granular analysis, we show the rate offer moves lower for savers have been faster than for borrowers. But the size of the shift might surprise you, with at least 3 interesting out-takes from this analysis
[updated]
State-owned Kiwibank is the last major to move its fixed home loan rates down ahead of Wednesday's OCR review, and these shifts give it a market-leading six month rate, and a matching one year rate
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State-owned Kiwibank is the last major to move its fixed home loan rates down ahead of Wednesday's OCR review, and these shifts give it a market-leading six month rate, and a matching one year rate
ASB is the latest follower to cut fixed mortgage rates, but not to any level that beats the earlier movers
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ASB is the latest follower to cut fixed mortgage rates, but not to any level that beats the earlier movers
Westpac cuts and claims market-leading rate levels for fixed rate home loans for almost all its terms. It has cut term deposit rates too
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Westpac cuts and claims market-leading rate levels for fixed rate home loans for almost all its terms. It has cut term deposit rates too
Our largest home loan lender strikes with wide-ranging rate cuts, grabbing market-leading levels across all the popular fixed terms - except two years. Term deposit savers suffer matching cuts
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Our largest home loan lender strikes with wide-ranging rate cuts, grabbing market-leading levels across all the popular fixed terms - except two years. Term deposit savers suffer matching cuts
[updated]
BNZ cuts one year mortgage rate to 4.49%, a significant level below its main rivals. It also cut its Rapid Saver savings account rate
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BNZ cuts one year mortgage rate to 4.49%, a significant level below its main rivals. It also cut its Rapid Saver savings account rate