Term Deposit Rates
We are not there yet, but Govt guaranteed bank accounts are closer - and the pricing for that protection is inching into retail deposit interest rates. We don't notice as rates shift higher. But there are ways to get a sense of what is happening
10th Jan 23, 11:30am
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We are not there yet, but Govt guaranteed bank accounts are closer - and the pricing for that protection is inching into retail deposit interest rates. We don't notice as rates shift higher. But there are ways to get a sense of what is happening
For the first time in years savers might see term deposit interest rates rising towards the inflation rate in 2023 as economic forces shift in their favour
16th Dec 22, 1:39pm
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For the first time in years savers might see term deposit interest rates rising towards the inflation rate in 2023 as economic forces shift in their favour
[updated]
Term deposit rates have jumped this week following the big OCR rise last week, and most banks are still yet to move up. But we suggest these recent rises lag what has been 'normal'. There is room for 'more' - but only if the general economy allows it
30th Nov 22, 7:29am
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Term deposit rates have jumped this week following the big OCR rise last week, and most banks are still yet to move up. But we suggest these recent rises lag what has been 'normal'. There is room for 'more' - but only if the general economy allows it
[updated]
ANZ the first bank to raise floating mortgage rates following last week's OCR hike. They are passing through less than the full +75 bps to floating rate borrowers, but all of it to their bonus saver account. Term deposit savers get less
29th Nov 22, 2:34pm
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ANZ the first bank to raise floating mortgage rates following last week's OCR hike. They are passing through less than the full +75 bps to floating rate borrowers, but all of it to their bonus saver account. Term deposit savers get less
Following some unwise comments by its Group CEO as it announced a record giant profit, ANZ NZ has moved to ensure its term deposit offers are back at the top on the range in the local market
31st Oct 22, 7:54pm
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Following some unwise comments by its Group CEO as it announced a record giant profit, ANZ NZ has moved to ensure its term deposit offers are back at the top on the range in the local market
[updated]
A 5% offer for a one year term deposit has burst on to the scene for savers, potentially up-ending the current rate cards of other banks. But despite this, TD rates have been rising anyway, and compared to home loan rates, aren't much out of line
27th Oct 22, 11:57am
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A 5% offer for a one year term deposit has burst on to the scene for savers, potentially up-ending the current rate cards of other banks. But despite this, TD rates have been rising anyway, and compared to home loan rates, aren't much out of line
[updated]
With BNZ now offering 3% for a six month term deposit, that embeds a much steeper term deposit rate curve and shines a light on just how steep it has become
10th Aug 22, 10:32am
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With BNZ now offering 3% for a six month term deposit, that embeds a much steeper term deposit rate curve and shines a light on just how steep it has become
There are still substantial interest rate advantages in holding New Zealand term deposits, compared to the 'safety' advantages of holding Australian term deposits. But Australian rates may be our future
29th Jul 22, 6:42am
15
There are still substantial interest rate advantages in holding New Zealand term deposits, compared to the 'safety' advantages of holding Australian term deposits. But Australian rates may be our future
[updated]
ANZ is the first main Aussie bank to offer 4% for a one year deposit as it raises TD rates across the board. They are following rivals but in the background swap rates are falling, and a few home loan rates are too
27th Jul 22, 7:58pm
9
ANZ is the first main Aussie bank to offer 4% for a one year deposit as it raises TD rates across the board. They are following rivals but in the background swap rates are falling, and a few home loan rates are too
[updated]
Challenger banks continue to push up one year term deposit offers, now as high as 4.2%, with five year offers out to 4.75%. But the 4% threshold hasn't yet been breached for terms under one year
21st Jul 22, 10:44am
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Challenger banks continue to push up one year term deposit offers, now as high as 4.2%, with five year offers out to 4.75%. But the 4% threshold hasn't yet been breached for terms under one year
Kiwibank offers 4% for a one year term deposit, 7-years after the last time it had such an offer. Challenger banks are now offering higher one-year rates as rate curve moves higher
11th Jul 22, 10:08am
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Kiwibank offers 4% for a one year term deposit, 7-years after the last time it had such an offer. Challenger banks are now offering higher one-year rates as rate curve moves higher
More banks raise term deposit rates, some to levels matching those offered five years ago
27th Jun 22, 11:24am
8
More banks raise term deposit rates, some to levels matching those offered five years ago
[updated]
Savers may bemoan low returns on their bank savings, but collectively their conservative actions gift cheap funds to banks. Until those collective reactions change, banks have few reasons to offer more generous rates
21st Jun 22, 11:08am
23
Savers may bemoan low returns on their bank savings, but collectively their conservative actions gift cheap funds to banks. Until those collective reactions change, banks have few reasons to offer more generous rates
Term deposit rates are rising, but not as fast as either wholesale rates or home loan rates
13th Jun 22, 11:39am
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Term deposit rates are rising, but not as fast as either wholesale rates or home loan rates
For the first time in almost seven years, a 4% one year term deposit offer resurfaces, this one from SBS Bank, as the OCR rate hikes finally start flowing through to savers. The main banks are laggards for TD savers
3rd Jun 22, 9:07am
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For the first time in almost seven years, a 4% one year term deposit offer resurfaces, this one from SBS Bank, as the OCR rate hikes finally start flowing through to savers. The main banks are laggards for TD savers
Twenty four hours after the RBNZ hiked the Official Cash Rate by 50 basis points, no bank has announced any rate change
26th May 22, 2:14pm
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Twenty four hours after the RBNZ hiked the Official Cash Rate by 50 basis points, no bank has announced any rate change
[updated]
Yes, term deposit rates are rising and that is a good thing. But are these rises keeping pace with the wider financial world? We investigate
12th May 22, 6:36pm
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Yes, term deposit rates are rising and that is a good thing. But are these rises keeping pace with the wider financial world? We investigate
ANZ's increased term deposit rates are not as impressive as they may at first seem, but there are other institutions pushing up rates for savers that are worth watching
29th Mar 22, 10:46am
20
ANZ's increased term deposit rates are not as impressive as they may at first seem, but there are other institutions pushing up rates for savers that are worth watching
Term deposit rates are rising in the shadow of mortgage rates and inflation. We look at the broader landscape of these increases and assess where the higher offers are even if they aren't matching CPI
20th Mar 22, 7:00am
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Term deposit rates are rising in the shadow of mortgage rates and inflation. We look at the broader landscape of these increases and assess where the higher offers are even if they aren't matching CPI
Term deposit rates are moving up, following mortgage rates, and wholesale financial pressures. But there's no evidence the smallness of the recent increases are out of line with how they have always moved
18th Feb 22, 11:34am
14
Term deposit rates are moving up, following mortgage rates, and wholesale financial pressures. But there's no evidence the smallness of the recent increases are out of line with how they have always moved
Kiwibank the latest to raise some key term deposit rate rates, following rivals, but it's Rabobank with most of the market-leading positions for savers
8th Feb 22, 10:30am
15
Kiwibank the latest to raise some key term deposit rate rates, following rivals, but it's Rabobank with most of the market-leading positions for savers
Surprisingly, the first retail interest rate rise in 2022 is for savers. BNZ takes its offers to the top of what all banks are prepared to pay, even if it is much lower than inflation's bite
21st Jan 22, 9:08am
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Surprisingly, the first retail interest rate rise in 2022 is for savers. BNZ takes its offers to the top of what all banks are prepared to pay, even if it is much lower than inflation's bite
Kiwi savers may grumble about how much lower than inflation after tax returns are here for term deposits, but in Australia it remains dire for their savers
12th Jan 22, 10:00am
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Kiwi savers may grumble about how much lower than inflation after tax returns are here for term deposits, but in Australia it remains dire for their savers
Interest rates are on the move higher so we review what that means for term deposit savers. One bank is the consistent high offeror, but all banks are now eyeing new marketing efforts to attract funds from retail savers
11th Jan 22, 9:46am
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Interest rates are on the move higher so we review what that means for term deposit savers. One bank is the consistent high offeror, but all banks are now eyeing new marketing efforts to attract funds from retail savers
ANZ offers 3% pa for a three year term deposit term, the first time in this cycle a 3% offer for three years has appeared. But banks are raising term deposit rates slower than mortgage rates, and the difference is the widest on record
23rd Nov 21, 10:11am
23
ANZ offers 3% pa for a three year term deposit term, the first time in this cycle a 3% offer for three years has appeared. But banks are raising term deposit rates slower than mortgage rates, and the difference is the widest on record