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A big helping

A big helping

PIE marketThe demand for a tax-advantaged savings product has been substantial, and data out from the RBNZ shows that more than $3.3 billion has been invested in banks through a PIE account. You can get the latest rates for thes PIE accounts here >>> All up, New Zealand households had more than $86 billion in a bank deposit at the end of November 2008. That was 15% more than in the same month a year earlier.

At the same time, New Zealand households owed financial institutions $174.2 billion for loans they had agreed to.

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