Three banks - ASB, Kiwibank, and SBS Bank - have cut the interest paid on some of their term deposits.
ASB has cut its five month rate by 10 basis points to 4.40%. In wider ranging cuts, Kiwibank has cut its one to five year rates. SBS, meanwhile, has cut its six month, one year, 18 month and two year rates.
Kiwibank cut its one year rate by 10 basis points to 4.50%, two year by 15 basis points to 4.75%, three year by 15 basis points to 5.35%, four year by five basis points to 5.70% and five year by 15 basis points to 6%.
SBS cut its six month rate by 20 basis points to 4.40%, one year by 10 basis points to 4.60%, 18 month by 15 basis points to 4.60% and two year by 20 basis points to 4.80%.
See all term deposit rates for one to nine months here and see all term deposit rates for one to five years here.
Term deposit rates
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8 Comments
Come on WAS...if Moodys are only half right...commodities will plunge by 37.5%...and when the blood is flowing in the streets and share prices are at a PE of 5 or thereabouts...buy the copper and so on....that's what Goldman et al are doing...with money supplied by Ben!...they can't lose because they control the market....
If you don't have that sort of capital to risk...which is the case for 99% of the peasants...don't stuff the mattress...buy the stuff you need in bulk and stuff that in the mattress...or attic...or the shed!
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