Kiwibank

As term deposit offer rates sink, real after-tax, after-inflation yields are vanishing. Taxpayer guarantees reducing the risk premiums aren't helping. Savers are barely breaking even, making short term TD's a poor investment

As term deposit offer rates sink, real after-tax, after-inflation yields are vanishing. Taxpayer guarantees reducing the risk premiums aren't helping. Savers are barely breaking even, making short term TD's a poor investment

ANZ pushes down term deposit rates, seemingly confident rivals will follow even though the gap with those rivals is unusually wide. Kiwibank follows with comprehensive cuts. Low loan demand bolsters their shift

ANZ pushes down term deposit rates, seemingly confident rivals will follow even though the gap with those rivals is unusually wide. Kiwibank follows with comprehensive cuts. Low loan demand bolsters their shift

Homebuyers' borrowing power boosted as ASB and Westpac follow ANZ in lowering mortgage test rates

Homebuyers' borrowing power boosted as ASB and Westpac follow ANZ in lowering mortgage test rates

Although most rate changes focused on home loan floating and savings account rates, there was a first trimming of term deposit rates by SBS Bank. They won't be the last

Although most rate changes focused on home loan floating and savings account rates, there was a first trimming of term deposit rates by SBS Bank. They won't be the last

Banks quick out of the blocks with cuts to floating home loan rates - and they are also cutting savings account rates

Banks quick out of the blocks with cuts to floating home loan rates - and they are also cutting savings account rates

Financial Markets Authority signals tougher oversight of New Zealand’s banks over the length of time they’re taking to implement OCR rate cuts as CoFI regime takes effect

Financial Markets Authority signals tougher oversight of New Zealand’s banks over the length of time they’re taking to implement OCR rate cuts as CoFI regime takes effect

There's upheaval inside the Reserve Bank, there's upheaval outside of the Reserve Bank, but we'll still get our promised 25 point Official Cash Rate cut

There's upheaval inside the Reserve Bank, there's upheaval outside of the Reserve Bank, but we'll still get our promised 25 point Official Cash Rate cut

Kiwibank's parent Kiwi Group Capital welcomes RBNZ’s bank capital review as Kiwibank faces questions on digital and competitive challenges

Kiwibank's parent Kiwi Group Capital welcomes RBNZ’s bank capital review as Kiwibank faces questions on digital and competitive challenges

Banking the first sector to apply the newly enacted Consumer Data Right

Banking the first sector to apply the newly enacted Consumer Data Right

Savers are increasing balances at banks at almost twice the rate borrowers are taking out loans. Banks are under no pressure and are trimming TD rates in small amounts regularly now

Savers are increasing balances at banks at almost twice the rate borrowers are taking out loans. Banks are under no pressure and are trimming TD rates in small amounts regularly now

Kiwibank the slowest major bank to cut floating mortgage rates as the OCR falls, while ASB takes first place for the fastest bank to hike those rates when the OCR rose

Kiwibank the slowest major bank to cut floating mortgage rates as the OCR falls, while ASB takes first place for the fastest bank to hike those rates when the OCR rose

KPMG's annual Financial Institutions Performance Survey notes the 'challenge' of loan provisioning

KPMG's annual Financial Institutions Performance Survey notes the 'challenge' of loan provisioning

Antonia Watson says ANZ NZ doesn't try to hold back interest rate cuts from borrowers via slow post-OCR cut rate changes

Antonia Watson says ANZ NZ doesn't try to hold back interest rate cuts from borrowers via slow post-OCR cut rate changes

Some economists think the departure of Adrian Orr from the Governorship of the RBNZ may signal that New Zealand’s Official Cash Rate now has 'less downside' than would otherwise be the case

Some economists think the departure of Adrian Orr from the Governorship of the RBNZ may signal that New Zealand’s Official Cash Rate now has 'less downside' than would otherwise be the case

Kiwibank interim profit down 12% from last year's record high, lending and deposit growth outstrips overall market growth

Kiwibank interim profit down 12% from last year's record high, lending and deposit growth outstrips overall market growth

Kiwibank leads in cutting mortgage test rate following last week's OCR cut, increasing borrowing power

Kiwibank leads in cutting mortgage test rate following last week's OCR cut, increasing borrowing power

Another week, more term deposit rate cuts led by some large & some challenger banks. The arrival of sub-4% rates spread, and rate inversions narrow

Another week, more term deposit rate cuts led by some large & some challenger banks. The arrival of sub-4% rates spread, and rate inversions narrow

Kiwibank has jumped to the head of the queue with its latest fixed home loan offers, targeting the most popular terms at the short end

Kiwibank has jumped to the head of the queue with its latest fixed home loan offers, targeting the most popular terms at the short end

The ground is about to sink faster for savers. ANZ brings back a TD rate starting with a '3', and now only one bank offers a rate starting with a '5'

The ground is about to sink faster for savers. ANZ brings back a TD rate starting with a '3', and now only one bank offers a rate starting with a '5'

Reserve Bank cuts OCR to 3.75% and indicates room for more cuts than earlier forecast this year; economists say 'we are all on the same page now'

Reserve Bank cuts OCR to 3.75% and indicates room for more cuts than earlier forecast this year; economists say 'we are all on the same page now'

Banks quick out of the blocks with cuts to floating home loan rates - and they are also cutting savings account rates at the same time

Banks quick out of the blocks with cuts to floating home loan rates - and they are also cutting savings account rates at the same time

Federated Farmers want Finance Minister Nicola Willis to force the Reserve Bank to loosen its capital requirement rules to make rural lending more affordable

Federated Farmers want Finance Minister Nicola Willis to force the Reserve Bank to loosen its capital requirement rules to make rural lending more affordable

A 50-point cut to the Official Cash Rate is a near certainty in the coming week, so attention will quickly turn to whatever signals the Reserve Bank may give about further cuts

A 50-point cut to the Official Cash Rate is a near certainty in the coming week, so attention will quickly turn to whatever signals the Reserve Bank may give about further cuts

The Reserve Bank will have to deliver more interest rate cuts than it has signalled this year, or the risk of further job losses will only grow, Kiwibank economists say

The Reserve Bank will have to deliver more interest rate cuts than it has signalled this year, or the risk of further job losses will only grow, Kiwibank economists say

Banks continue tweaking their term deposit offers with Kiwibank (down & up), and BNZ (down) the latest to move. These changes leave ANZ top of that main bank heap with its six month offer

Banks continue tweaking their term deposit offers with Kiwibank (down & up), and BNZ (down) the latest to move. These changes leave ANZ top of that main bank heap with its six month offer