rate curves

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

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

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

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

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

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

A main bank moves the 6% term deposit rate offer to a six month term, and raises its three year offer to a market-leading 6.10%

A main bank moves the 6% term deposit rate offer to a six month term, and raises its three year offer to a market-leading 6.10%

Westpac's 6% nine month TD rate shifts a main bank into the heart of where savers want to commit for term savings, and close to where challenger banks have already gone

Westpac's 6% nine month TD rate shifts a main bank into the heart of where savers want to commit for term savings, and close to where challenger banks have already gone

Another main bank, ASB, now offers 6% for term deposits of 1-year, joining Kiwibank. ASB also becomes first bank to raise key 2-year home loan rate above 7%

Another main bank, ASB, now offers 6% for term deposits of 1-year, joining Kiwibank. ASB also becomes first bank to raise key 2-year home loan rate above 7%

Six percent term deposit offers are more common now with 11 banks offering them. But Kiwibank is the first main bank offering 6% for a 1 year commitment. Some savers can enhance those returns by using PIEs

Six percent term deposit offers are more common now with 11 banks offering them. But Kiwibank is the first main bank offering 6% for a 1 year commitment. Some savers can enhance those returns by using PIEs

A major bank offers 6% for a term deposit, as ANZ raises some key rates and adopts that rate for an 18-month term

A major bank offers 6% for a term deposit, as ANZ raises some key rates and adopts that rate for an 18-month term

Higher interest rate offers are motivating savers into term deposits at a faster rate. And the trend may speed up if the big banks crack the 6% mark

Higher interest rate offers are motivating savers into term deposits at a faster rate. And the trend may speed up if the big banks crack the 6% mark

SBS Bank pushes its one year term deposit rate offer to a 15 year high of 6.5% and well above every other bank. We are moving into an unfamiliar zone where some TD offers are higher than inflation

SBS Bank pushes its one year term deposit rate offer to a 15 year high of 6.5% and well above every other bank. We are moving into an unfamiliar zone where some TD offers are higher than inflation

Three banks now offer 6% for a one year term deposit. That is the current peak offer point. However it isn't clear that the majors will follow

Three banks now offer 6% for a one year term deposit. That is the current peak offer point. However it isn't clear that the majors will follow

Term deposit rate increases are starting to filter through although they are limp new offers with banks falling further behind the OCR policy signals

Term deposit rate increases are starting to filter through although they are limp new offers with banks falling further behind the OCR policy signals

Bank term deposit rate offers have shrunk from the start of 2022 in relation to the OCR and the latest increases don't restore those premiums

Bank term deposit rate offers have shrunk from the start of 2022 in relation to the OCR and the latest increases don't restore those premiums

Days have passed since the last +50 bps RBNZ rate hike, but no banks have changed retail rates yet, for either home loans or term deposits. And this is despite Adrian Orr calling out the banks over low rates for savers

Days have passed since the last +50 bps RBNZ rate hike, but no banks have changed retail rates yet, for either home loans or term deposits. And this is despite Adrian Orr calling out the banks over low rates for savers

SBS Bank has launched a 6% rate offer for a 12 month term deposit, the highest rate offer from any bank in 14 years

SBS Bank has launched a 6% rate offer for a 12 month term deposit, the highest rate offer from any bank in 14 years