Term Deposit Rates
Despite mortgage rates trending lower, recent moves on term deposit rates by two major banks suggest a rising trend
29th Jan 19, 4:38pm
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Despite mortgage rates trending lower, recent moves on term deposit rates by two major banks suggest a rising trend
Westpac economists challenge their ANZ counterparts, downplaying the effect higher proposed bank capital requirements will have on interest rates
16th Jan 19, 9:23am
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Westpac economists challenge their ANZ counterparts, downplaying the effect higher proposed bank capital requirements will have on interest rates
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
14th Jan 19, 11:13am
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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
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
12th Nov 18, 6:02am
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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
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
10th Oct 18, 5:12pm
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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
ASB trims a range of term deposit rates, in most cases matching their main rivals, focusing on terms of 18 months and longer
7th 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
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
1st Sep 18, 9:32am
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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
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
31st Aug 18, 10:28am
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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
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
14th Aug 18, 12:42pm
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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
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
31st Jul 18, 5:53pm
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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
Rate cuts at Kiwibank bring their term deposit offers to similar levels as their major rivals. Range between banks remains very narrow
30th 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
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
30th Jun 18, 9:17am
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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
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
20th May 18, 10:05am
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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
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
13th Apr 18, 1:03pm
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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
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
26th 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
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
7th Feb 18, 12:32pm
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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
TSB launches a raised 18 month term deposit offer among two other rate adjustments, one up, one down. It is the fourth bank to move this month
30th Jan 18, 8:16pm
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TSB launches a raised 18 month term deposit offer among two other rate adjustments, one up, one down. It is the fourth bank to move this month
ASB trims two key term deposit rate offers, raises one in changes that merely reposition its rate card to line up with its main rivals
29th Jan 18, 10:29am
ASB trims two key term deposit rate offers, raises one in changes that merely reposition its rate card to line up with its main rivals
SBS Bank makes a play for term deposit funding with a market-leading one year 'special' of 3.70%. It comes as rivals sit tight on relatively low rate offers
25th Jan 18, 7:22pm
SBS Bank makes a play for term deposit funding with a market-leading one year 'special' of 3.70%. It comes as rivals sit tight on relatively low rate offers
New Zealand's largest bank trims its hi-viz TD rates, leaving its rivals with better offers, and the challenger banks with much better offers. Weak loan demand may be behind the move
18th Jan 18, 5:43pm
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New Zealand's largest bank trims its hi-viz TD rates, leaving its rivals with better offers, and the challenger banks with much better offers. Weak loan demand may be behind the move
Although term deposit rates were low and steady in 2017, there were some good pickups to be had from competitive special offers. But there is little sign low rates for savers are about to end
3rd Jan 18, 3:22pm
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Although term deposit rates were low and steady in 2017, there were some good pickups to be had from competitive special offers. But there is little sign low rates for savers are about to end
While ANZ trims term deposit rates, Westpac launches a one year rate at 3.70%, defying a general downward trend
1st Dec 17, 8:40am
While ANZ trims term deposit rates, Westpac launches a one year rate at 3.70%, defying a general downward trend
Another bank reduces its longer term deposit rates as wholesale rates trend lower. That leaves NZ's largest bank with a premium offer for these terms
25th Aug 17, 9:10am
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Another bank reduces its longer term deposit rates as wholesale rates trend lower. That leaves NZ's largest bank with a premium offer for these terms
Wholesale interest rates are rising, especially at the long end. We look at what retail term deposit investors are being offered and who has the higher rate enticements
3rd Jul 17, 1:20pm
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Wholesale interest rates are rising, especially at the long end. We look at what retail term deposit investors are being offered and who has the higher rate enticements
Banks are competing harder for term deposit funding, even as wholesale interest rates start slipping lower. Who is offering market-leading rates keeps on changing
8th Jun 17, 11:58am
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Banks are competing harder for term deposit funding, even as wholesale interest rates start slipping lower. Who is offering market-leading rates keeps on changing