Term Deposit Rates

4 Mar 19, 5:02am
Banks pick up the pace of term deposit offer changes, but rate levels shift to a tight bunch within each term
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20 Feb 19, 11:03am
Three more banks cut term deposit rates as offers bunch up in a tighter range. UDC exits. ANZ is the latest to trim its rate card following Westpac and the Cooperative Bank
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13 Feb 19, 11:30am
A big Aussie-owned bank sneaks in a term deposit rate cut, setting some of its rate offers below its main rivals. We review what is behind the move and how bank margins are tracking
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1 Feb 19, 8:54am
Another bank raises its key term deposit rates, even in the face of sharply falling wholesale swap rates. A finance company raised a key rate too
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29 Jan 19, 4:38pm
Despite mortgage rates trending lower, recent moves on term deposit rates by two major banks suggest a rising trend
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16 Jan 19, 9:23am
Westpac economists challenge their ANZ counterparts, downplaying the effect higher proposed bank capital requirements will have on interest rates
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14 Jan 19, 11:13am
A market leading offer by Kiwibank comes at a time all banks, especially the large ones, are under pressure to raise vast amounts of new capital over the next few years
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12 Nov 18, 6:02am
With wholesale interest rates turning higher, Kiwibank tests the waters with a new 'special' one year term deposit rate offer that is +15 to +25 bps higher than its rivals
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10 Oct 18, 5:12pm
InvestNow starts offering BNZ term deposits with special rates; Wants other banks on its platform so people can shop around for the best rates without opening accounts with different banks
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7 Sep 18, 11:15am
ASB trims a range of term deposit rates, in most cases matching their main rivals, focusing on terms of 18 months and longer
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1 Sep 18, 9:32am
ANZ follows some of its main rivals lower with -10 to -20 bps cuts to seven specific terms, and a +5 bps rise for one term
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31 Aug 18, 10:28am
Some banks are trimming term deposit rates, others offering attractive 'specials'. But the immediate trend is for lower rate offers, hurt by diving wholesale swap rates
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14 Aug 18, 12:42pm
BNZ and SBS Bank trim some rates for terms one year and longer. Kiwibank raises its 200 day 'special offer' rate. These changes come as wholesale interest rates shift sharply lower
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31 Jul 18, 5:53pm
Rate cuts by ANZ reduce its one year rate to main-bank level low, but the reduction is masked by an eight month 'special' promoting Daffodil Day
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30 Jul 18, 11:29am
Rate cuts at Kiwibank bring their term deposit offers to similar levels as their major rivals. Range between banks remains very narrow
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30 Jun 18, 9:17am
The combination of boomer demographics and a weakening economy is depressing term deposit rates. Thus David Chaston says the prospect is for lower rates in the future
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20 May 18, 10:05am
Two banks announce special term deposit offers, both for terms less than one year, and both with rates that compare well with an 18 month term
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13 Apr 18, 1:03pm
Our short term rates may be rising but they are moving far less than key offshore rates and the usual premiums for NZ$ funding we have long known are now discounts
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26 Feb 18, 9:29am
ASB changes term deposit rates, some up, some down, but ensuring key offers still top or match their main rivals. Changes come despite little wholesale pressure
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7 Feb 18, 12:32pm
The Red Bank reduces a set of term deposit rates, plus one mortgage rate, but resists the urge to make any of them market-leading
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