Term Deposit Rates
Kiwibank makes an offer of a free five night Fiji holiday as an incentive for a home loan, kicking off the 2020 version of mortgage market competition
17th Jan 20, 11:45am
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Kiwibank makes an offer of a free five night Fiji holiday as an incentive for a home loan, kicking off the 2020 version of mortgage market competition
BNZ makes some end-of-year changes to its Classic 'special' home loan rates with three raised and one lowered. Westpac also tweaked one rate
16th Dec 19, 3:00pm
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BNZ makes some end-of-year changes to its Classic 'special' home loan rates with three raised and one lowered. Westpac also tweaked one rate
Kiwibank raises two fixed rates, one of them by ending a low-rate 'special'. It is a move that has a knock-on impact. We review why rates seem to be turning higher at this time
6th Dec 19, 2:35pm
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Kiwibank raises two fixed rates, one of them by ending a low-rate 'special'. It is a move that has a knock-on impact. We review why rates seem to be turning higher at this time
ANZ raises a key mortgage rate, fixes its uncompetitive 18 month rate, and lowers some term deposit rates. None of these moves are market-leading
3rd Dec 19, 5:02am
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ANZ raises a key mortgage rate, fixes its uncompetitive 18 month rate, and lowers some term deposit rates. None of these moves are market-leading
New lower term deposit rates from ASB push its offers to among the lowest in the market and an ominous sign for savers because other banks may follow
21st Nov 19, 9:49am
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New lower term deposit rates from ASB push its offers to among the lowest in the market and an ominous sign for savers because other banks may follow
Another major bank adds momentum to the drift lower for term deposit rates, comfortable to be sitting lower than some key rivals. Now most of the OCR cuts have hit savers
24th Oct 19, 9:46am
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Another major bank adds momentum to the drift lower for term deposit rates, comfortable to be sitting lower than some key rivals. Now most of the OCR cuts have hit savers
This week BNZ, Kiwibank and Rabobank have cut term deposit rates and a 3% offer is only available from SBS Bank now. We update where term deposit rates are being pitched in this ever-declining space
17th Oct 19, 12:37pm
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This week BNZ, Kiwibank and Rabobank have cut term deposit rates and a 3% offer is only available from SBS Bank now. We update where term deposit rates are being pitched in this ever-declining space
Michael Reddell on why there is a much stronger case than is generally recognised for a cut at the RBNZ's review of the OCR next week
16th Sep 19, 1:18pm
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Michael Reddell on why there is a much stronger case than is generally recognised for a cut at the RBNZ's review of the OCR next week
Three more banks have cut term deposit rates this week and 3% offers are now very rare. We update where TD rates are being pitched now and point out the outliers
12th Sep 19, 11:25am
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Three more banks have cut term deposit rates this week and 3% offers are now very rare. We update where TD rates are being pitched now and point out the outliers
After reviewing all banks' interest rate changes since the RBNZ's surprise 50 basis points OCR cut, we calculate how much has benefited borrowers, and how much has been retained for savers
18th Aug 19, 6:16am
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After reviewing all banks' interest rate changes since the RBNZ's surprise 50 basis points OCR cut, we calculate how much has benefited borrowers, and how much has been retained for savers
Term deposit rates go down over the cliff with 3% fading over the horizon quickly as the pace of reductions picks up and spreads to most institutions
15th Aug 19, 10:59am
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Term deposit rates go down over the cliff with 3% fading over the horizon quickly as the pace of reductions picks up and spreads to most institutions
ANZ leads the way with cuts to all its term deposit offers with most of the popular terms now well below 3%. The outlook is for more reductions and other banks following
10th Aug 19, 8:48am
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ANZ leads the way with cuts to all its term deposit offers with most of the popular terms now well below 3%. The outlook is for more reductions and other banks following
Term deposit interest rates have fallen again with rate cuts from Kiwibank and Westpac ahead of Wednesday's Official Cash Rate review
5th Aug 19, 10:41am
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Term deposit interest rates have fallen again with rate cuts from Kiwibank and Westpac ahead of Wednesday's Official Cash Rate review
Term deposit rates are falling and it looks like some key rates will go below 3% soon. We look at 'real' returns after tax, after inflation, and check how close to negative returns we are
1st Aug 19, 1:16pm
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Term deposit rates are falling and it looks like some key rates will go below 3% soon. We look at 'real' returns after tax, after inflation, and check how close to negative returns we are
Term deposit interest rates are falling further, with the premium for longer terms having almost evaporated; savers are still getting paid something for 'risk' - but this may not last
10th Jul 19, 10:15am
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Term deposit interest rates are falling further, with the premium for longer terms having almost evaporated; savers are still getting paid something for 'risk' - but this may not last
Bank offers for term deposits have slipped recently but not as much as the OCR, or wholesale rates, or mortgage rates. Term deposit savers have been cushioned from the recent general fall in rates - so far
11th Jun 19, 11:29am
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Bank offers for term deposits have slipped recently but not as much as the OCR, or wholesale rates, or mortgage rates. Term deposit savers have been cushioned from the recent general fall in rates - so far
ANZ has announced more reductions, this time to most term deposit rates. And they are signaling that premium interest for their main bonus saver account will be cut by -25 bps
18th May 19, 11:30am
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ANZ has announced more reductions, this time to most term deposit rates. And they are signaling that premium interest for their main bonus saver account will be cut by -25 bps
Banks are trimming interest rates for savings accounts and term deposits. We update the latest changes
9th May 19, 12:03pm
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Banks are trimming interest rates for savings accounts and term deposits. We update the latest changes
The range of term deposit offer rates tightens as yet more banks cut rates. With loan demand tepid, there is little sign of competition for customer funds
7th May 19, 11:59am
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The range of term deposit offer rates tightens as yet more banks cut rates. With loan demand tepid, there is little sign of competition for customer funds
Many banks rush to cut term deposit rates, leaving few outliers and fewer options to lock in what were already considered low rates before they are trimmed even lower
11th Apr 19, 5:04pm
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Many banks rush to cut term deposit rates, leaving few outliers and fewer options to lock in what were already considered low rates before they are trimmed even lower
ASB the latest to cut term deposit rates and the premium for longer terms dissolves. Range between banks temporarily wide at present
4th Apr 19, 12:00pm
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ASB the latest to cut term deposit rates and the premium for longer terms dissolves. Range between banks temporarily wide at present
Banks pick up the pace of term deposit offer changes, but rate levels shift to a tight bunch within each term
4th Mar 19, 5:02am
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Banks pick up the pace of term deposit offer changes, but rate levels shift to a tight bunch within each term
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
20th Feb 19, 11:03am
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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
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
13th Feb 19, 11:30am
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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
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
1st 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