Savers

New round of retail interest rate cuts starts, and it is savers who will be paying for the reductions in home loan rates. All the influences on wholesale rates are negative

New round of retail interest rate cuts starts, and it is savers who will be paying for the reductions in home loan rates. All the influences on wholesale rates are negative

What is and and isn’t covered under the deposit insurance scheme launching in July

What is and and isn’t covered under the deposit insurance scheme launching in July

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

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

ASB trims some home loan rates but these aren't significant or competitive. They also cut most key term deposit rates. The net effect is a margin gain

ASB trims some home loan rates but these aren't significant or competitive. They also cut most key term deposit rates. The net effect is a margin gain

A serious chunk of household deposits are sitting idly in household bank accounts. As much as $1 bln extra could be earned just by paying attention and 'doing something'

A serious chunk of household deposits are sitting idly in household bank accounts. As much as $1 bln extra could be earned just by paying attention and 'doing something'

Lower home loan rate offer changes are in a quiet phase and the background funding environment isn't opening many opportunities for banks to go much lower, meaning the next circuit breaker is hard to see

Lower home loan rate offer changes are in a quiet phase and the background funding environment isn't opening many opportunities for banks to go much lower, meaning the next circuit breaker is hard to see

More mortgage rate cuts by more banks shifts who has the lowest rates, as banks jockey for position in a very competitive marketplace because new loan growth is quite limited

More mortgage rate cuts by more banks shifts who has the lowest rates, as banks jockey for position in a very competitive marketplace because new loan growth is quite limited

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

ASB matches the new lower ANZ two year mortgage rates, and launches a low one year fixed rate (although not as low as Kiwibank). Now Westpac has cut too

ASB matches the new lower ANZ two year mortgage rates, and launches a low one year fixed rate (although not as low as Kiwibank). Now Westpac has cut too

We explore how the Deposit Compensation Scheme could allow savers to earn more term deposit interest by spreading investments among the covered institutions. The result: better than main bank returns

We explore how the Deposit Compensation Scheme could allow savers to earn more term deposit interest by spreading investments among the covered institutions. The result: better than main bank returns

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'

The Red Bank pulls away from its sub 5% rate offer, but ANZ then jumped in with a 4.99% two year fixed carded offer

The Red Bank pulls away from its sub 5% rate offer, but ANZ then jumped in with a 4.99% two year fixed carded offer

TSB shines with a pre-RBNZ rate drop for fixed home loan rates, with their one year rate at a market leading level not seen since May 2023 from any other bank

TSB shines with a pre-RBNZ rate drop for fixed home loan rates, with their one year rate at a market leading level not seen since May 2023 from any other bank

ASB cuts its fixed mortgage rates to market lows, and cuts term deposit rates even harder, in moves much larger than wholesale rate changes

ASB cuts its fixed mortgage rates to market lows, and cuts term deposit rates even harder, in moves much larger than wholesale rate changes

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

Westpac surprises the home loan market with a big cut to its fixed three year rate, taking it below 5% to the lowest any mortgage rate has been in 27 months

Westpac surprises the home loan market with a big cut to its fixed three year rate, taking it below 5% to the lowest any mortgage rate has been in 27 months

Kiwibank makes another small home loan rate cut, possibly to be followed by another major bank. But the mortgage markets now await the RBNZ's OCR review, to be followed by a massive refixing surge

Kiwibank makes another small home loan rate cut, possibly to be followed by another major bank. But the mortgage markets now await the RBNZ's OCR review, to be followed by a massive refixing surge

ASB tweaks its mortgage rate card lower, although the shifts are minor and may indicate the main banks are struggling to justify home loan pricing at this level

ASB tweaks its mortgage rate card lower, although the shifts are minor and may indicate the main banks are struggling to justify home loan pricing at this level

Banks trim term deposit rate offers further with no main bank now offering a 5% rate

Banks trim term deposit rate offers further with no main bank now offering a 5% rate

Banks are now super-sensitive to customer reactions when they have what is perceived as an uncompetitive mortgage rate card, and are moving quickly to hold their positions

Banks are now super-sensitive to customer reactions when they have what is perceived as an uncompetitive mortgage rate card, and are moving quickly to hold their positions

Banks trim term deposit rate offers in slow and steady track, shortening the terms for where their peak rates are pitched. But there are exceptions and options

Banks trim term deposit rate offers in slow and steady track, shortening the terms for where their peak rates are pitched. But there are exceptions and options

Laggard Kiwibank finally shifts its carded home loan rates down. And it's joined with cuts by many challenger banks. Kiwibank's one year rate now lower than all its Aussie rivals

Laggard Kiwibank finally shifts its carded home loan rates down. And it's joined with cuts by many challenger banks. Kiwibank's one year rate now lower than all its Aussie rivals

Westpac falls into line with matching mortgage and term deposit rate reductions. That leaves Kiwibank out on a bit of a limb, but at least they have the best main-bank term deposit rate

Westpac falls into line with matching mortgage and term deposit rate reductions. That leaves Kiwibank out on a bit of a limb, but at least they have the best main-bank term deposit rate