Kiwibank cuts 6 month and 1 year term deposit rates by 10 basis points
15th Dec 10, 1:36pm
by
State-owned Kiwibank has cut its six month and one year term deposit rates for deposits over NZ$5,000 by 10 basis points, following changes earlier this week by ASB and RaboDirect.
The rate cuts come after the Reserve Bank's dovish monetary policy statement last week which triggered a move lower in wholesale interest rates.
Kiwibank's new six month deposit rate is now 5.10%, and its one year rate 5.20%.
See all term deposit rates for terms less than one year here, and for terms one year and over here.
Term deposit rates
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