Term Deposit Rates
BNZ raises its term deposit offers sharply, and is now the market-leading main bank, even offering a 3% rate for a five year term. These sharp moves might have an outsized impact on challenger banks
27th Oct 21, 10:31am
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BNZ raises its term deposit offers sharply, and is now the market-leading main bank, even offering a 3% rate for a five year term. These sharp moves might have an outsized impact on challenger banks
ANZ's term deposit rate increases are probably just for show because the resulting rate offers are far below inflation, and still meaningless to most savers, especially in a rising rate market
21st Oct 21, 10:22am
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ANZ's term deposit rate increases are probably just for show because the resulting rate offers are far below inflation, and still meaningless to most savers, especially in a rising rate market
A kick higher in ANZ's raised term deposit offers may just be the start of rising rates for savers even if they are starting from an under-water position, below inflation
17th Aug 21, 12:14pm
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A kick higher in ANZ's raised term deposit offers may just be the start of rising rates for savers even if they are starting from an under-water position, below inflation
New Zealand's largest bank comes through with some modest term deposit rises, essentially matching those its rivals have already adopted. Just ignore the inflation comparison (and tax) to remain sane
20th Jul 21, 5:50pm
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New Zealand's largest bank comes through with some modest term deposit rises, essentially matching those its rivals have already adopted. Just ignore the inflation comparison (and tax) to remain sane
Term deposit rates are moving up, but not to levels for fixed terms that will attract many savers. However the lowest point may have past
14th Jul 21, 11:01am
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Term deposit rates are moving up, but not to levels for fixed terms that will attract many savers. However the lowest point may have past
Some banks are improving their term deposit rate offers slightly, but savers are yet to be impressed enough to hold more of their growing cash funds with term commitments; BNZ now joins the up trend
27th Apr 21, 1:56pm
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Some banks are improving their term deposit rate offers slightly, but savers are yet to be impressed enough to hold more of their growing cash funds with term commitments; BNZ now joins the up trend
SBS Bank raises its 2 and 3 year term deposit rates sharply. Have we reached the bottom for term deposit rates now that benchmark yields are on the way up again?
21st Mar 21, 9:17am
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SBS Bank raises its 2 and 3 year term deposit rates sharply. Have we reached the bottom for term deposit rates now that benchmark yields are on the way up again?
ASB lifts range of term deposit rates with five-year rate increasing 75 basis points to 1.75%
1st Mar 21, 8:00am
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ASB lifts range of term deposit rates with five-year rate increasing 75 basis points to 1.75%
Economists expect the RBNZ will consider what impact its $28 billion Funding for Lending Programme has on interest rates before taking a knife to the OCR
12th Nov 20, 7:30am
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Economists expect the RBNZ will consider what impact its $28 billion Funding for Lending Programme has on interest rates before taking a knife to the OCR
ANZ takes term deposit rate offers down to levels never seen before, with no offers above 1%. Is this the death knell for term deposits?
27th Oct 20, 6:55pm
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ANZ takes term deposit rate offers down to levels never seen before, with no offers above 1%. Is this the death knell for term deposits?
Westpac matches ANZ and Bank of China with a one year 2.55% one year fixed 'special', a market-leading rate. Westpac also cuts almost all its term deposit rates
9th Jul 20, 3:03pm
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Westpac matches ANZ and Bank of China with a one year 2.55% one year fixed 'special', a market-leading rate. Westpac also cuts almost all its term deposit rates
ANZ cuts all its 'special' home loan rates, with two of them down to market-leading levels and probably sparking a renewed round of rate slicing. It is also cutting almost all its term deposit rates
7th Jul 20, 5:43pm
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ANZ cuts all its 'special' home loan rates, with two of them down to market-leading levels and probably sparking a renewed round of rate slicing. It is also cutting almost all its term deposit rates
More banks are still making small home loan rate cuts but none are market-leading as rate offers coalesce around a very tight range
23rd Jun 20, 3:15pm
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More banks are still making small home loan rate cuts but none are market-leading as rate offers coalesce around a very tight range
ASB cuts most home loan rates again, and matches them with even sharper term deposit rate cuts
19th Jun 20, 9:59am
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ASB cuts most home loan rates again, and matches them with even sharper term deposit rate cuts
New Zealand's largest home loan lender has adjusted its rate card lower. But none of the new lower levels are market-leading
11th Jun 20, 10:03am
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New Zealand's largest home loan lender has adjusted its rate card lower. But none of the new lower levels are market-leading
Bank of China launches a new all-time low home loan rate just as wholesale markets try and turn up after reaching their own record lows
5th Jun 20, 11:12am
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Bank of China launches a new all-time low home loan rate just as wholesale markets try and turn up after reaching their own record lows
The Red Bank has trimmed mortgage 'specials' across the board, with none of these sub 80% LVR rates over 3%. But their Standard rates aren't moving at this time
28th May 20, 5:14pm
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The Red Bank has trimmed mortgage 'specials' across the board, with none of these sub 80% LVR rates over 3%. But their Standard rates aren't moving at this time
BNZ makes further cuts to both home loan and term deposit rates, and resets its Standard mortgage rates lower across the board. The pace of reductions isn't slowing
27th May 20, 2:40pm
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BNZ makes further cuts to both home loan and term deposit rates, and resets its Standard mortgage rates lower across the board. The pace of reductions isn't slowing
ANZ takes term deposit rate offers down to levels never seen before, with almost no offers above 2%. It is hoping savers just take it despite significant benefits for shifting to another bank
26th May 20, 12:06pm
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ANZ takes term deposit rate offers down to levels never seen before, with almost no offers above 2%. It is hoping savers just take it despite significant benefits for shifting to another bank
BNZ gets back in the ring with a 'special' rate card all below three percent, including all rates for three, four and five years fixed
22nd May 20, 2:07pm
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BNZ gets back in the ring with a 'special' rate card all below three percent, including all rates for three, four and five years fixed
Now its ASB's turn to push down home loan interest rates, with a market leading target at 2.69% for two years fixed, and trumping all their main rivals
22nd May 20, 10:07am
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Now its ASB's turn to push down home loan interest rates, with a market leading target at 2.69% for two years fixed, and trumping all their main rivals
Westpac joins the fray with a market leading two year fixed rate, but doesn't reduce standard rates so the difference grows to unusual levels
21st May 20, 6:38pm
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Westpac joins the fray with a market leading two year fixed rate, but doesn't reduce standard rates so the difference grows to unusual levels
TSB joins ANZ offering a home loan rate of 2.79% fixed for one year. It cuts four other rates, two of them to below 3%. It cuts term deposit rates too
21st May 20, 12:50pm
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TSB joins ANZ offering a home loan rate of 2.79% fixed for one year. It cuts four other rates, two of them to below 3%. It cuts term deposit rates too
ANZ cuts its one year mortgage special to 2.79%, lower than its main rivals and matching the lowest one year rate anywhere. Cuts most other fixed rates too
20th May 20, 6:35pm
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ANZ cuts its one year mortgage special to 2.79%, lower than its main rivals and matching the lowest one year rate anywhere. Cuts most other fixed rates too
BNZ rounds out the home loan rate cut trend with their own set, matching key rivals. They also made matching term deposit rate cuts
15th May 20, 9:14am
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BNZ rounds out the home loan rate cut trend with their own set, matching key rivals. They also made matching term deposit rate cuts