bond rates
Even though wholesale rates have turned down rather sharply in the past few days, BNZ has raised its one year TD offer above any other main bank
6th Nov 23, 9:26am
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Even though wholesale rates have turned down rather sharply in the past few days, BNZ has raised its one year TD offer above any other main bank
[updated]
Many banks now offer 6.1% pa term deposit rates for any term between 6 & 36 months, but SBS Bank's new 6.7% one year special rate stands out
24th Oct 23, 10:39am
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Many banks now offer 6.1% pa term deposit rates for any term between 6 & 36 months, but SBS Bank's new 6.7% one year special rate stands out
Another main bank - Kiwibank - trumps the ASB 6% term deposit offer for a six month term, pushing it to 6.05%, a market-leading level from any bank
18th Oct 23, 2:15pm
12
Another main bank - Kiwibank - trumps the ASB 6% term deposit offer for a six month term, pushing it to 6.05%, a market-leading level from any bank
A main bank moves the 6% term deposit rate offer to a six month term, and raises its three year offer to a market-leading 6.10%
12th Oct 23, 9:24am
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A main bank moves the 6% term deposit rate offer to a six month term, and raises its three year offer to a market-leading 6.10%
[updated]
Westpac's 6% nine month TD rate shifts a main bank into the heart of where savers want to commit for term savings, and close to where challenger banks have already gone
25th Sep 23, 8:03am
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Westpac's 6% nine month TD rate shifts a main bank into the heart of where savers want to commit for term savings, and close to where challenger banks have already gone
Another main bank, ASB, now offers 6% for term deposits of 1-year, joining Kiwibank. ASB also becomes first bank to raise key 2-year home loan rate above 7%
4th Sep 23, 9:51am
6
Another main bank, ASB, now offers 6% for term deposits of 1-year, joining Kiwibank. ASB also becomes first bank to raise key 2-year home loan rate above 7%
Six percent term deposit offers are more common now with 11 banks offering them. But Kiwibank is the first main bank offering 6% for a 1 year commitment. Some savers can enhance those returns by using PIEs
31st Aug 23, 2:21pm
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Six percent term deposit offers are more common now with 11 banks offering them. But Kiwibank is the first main bank offering 6% for a 1 year commitment. Some savers can enhance those returns by using PIEs
A major bank offers 6% for a term deposit, as ANZ raises some key rates and adopts that rate for an 18-month term
22nd Aug 23, 7:04pm
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A major bank offers 6% for a term deposit, as ANZ raises some key rates and adopts that rate for an 18-month term
[updated]
Higher interest rate offers are motivating savers into term deposits at a faster rate. And the trend may speed up if the big banks crack the 6% mark
27th Jul 23, 1:48pm
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Higher interest rate offers are motivating savers into term deposits at a faster rate. And the trend may speed up if the big banks crack the 6% mark
SBS Bank pushes its one year term deposit rate offer to a 15 year high of 6.5% and well above every other bank. We are moving into an unfamiliar zone where some TD offers are higher than inflation
14th Jul 23, 4:30pm
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SBS Bank pushes its one year term deposit rate offer to a 15 year high of 6.5% and well above every other bank. We are moving into an unfamiliar zone where some TD offers are higher than inflation
Three banks now offer 6% for a one year term deposit. That is the current peak offer point. However it isn't clear that the majors will follow
12th May 23, 5:01am
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Three banks now offer 6% for a one year term deposit. That is the current peak offer point. However it isn't clear that the majors will follow
Term deposit rate increases are starting to filter through although they are limp new offers with banks falling further behind the OCR policy signals
14th Apr 23, 12:50pm
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Term deposit rate increases are starting to filter through although they are limp new offers with banks falling further behind the OCR policy signals
Bank term deposit rate offers have shrunk from the start of 2022 in relation to the OCR and the latest increases don't restore those premiums
16th Mar 23, 12:17pm
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Bank term deposit rate offers have shrunk from the start of 2022 in relation to the OCR and the latest increases don't restore those premiums
Days have passed since the last +50 bps RBNZ rate hike, but no banks have changed retail rates yet, for either home loans or term deposits. And this is despite Adrian Orr calling out the banks over low rates for savers
25th Feb 23, 9:04am
17
Days have passed since the last +50 bps RBNZ rate hike, but no banks have changed retail rates yet, for either home loans or term deposits. And this is despite Adrian Orr calling out the banks over low rates for savers
SBS Bank has launched a 6% rate offer for a 12 month term deposit, the highest rate offer from any bank in 14 years
23rd Jan 23, 3:57pm
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SBS Bank has launched a 6% rate offer for a 12 month term deposit, the highest rate offer from any bank in 14 years
For the first time in years savers might see term deposit interest rates rising towards the inflation rate in 2023 as economic forces shift in their favour
16th Dec 22, 1:39pm
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For the first time in years savers might see term deposit interest rates rising towards the inflation rate in 2023 as economic forces shift in their favour
[updated]
Term deposit rates have jumped this week following the big OCR rise last week, and most banks are still yet to move up. But we suggest these recent rises lag what has been 'normal'. There is room for 'more' - but only if the general economy allows it
30th Nov 22, 7:29am
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Term deposit rates have jumped this week following the big OCR rise last week, and most banks are still yet to move up. But we suggest these recent rises lag what has been 'normal'. There is room for 'more' - but only if the general economy allows it
Following some unwise comments by its Group CEO as it announced a record giant profit, ANZ NZ has moved to ensure its term deposit offers are back at the top on the range in the local market
31st Oct 22, 7:54pm
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Following some unwise comments by its Group CEO as it announced a record giant profit, ANZ NZ has moved to ensure its term deposit offers are back at the top on the range in the local market
[updated]
A 5% offer for a one year term deposit has burst on to the scene for savers, potentially up-ending the current rate cards of other banks. But despite this, TD rates have been rising anyway, and compared to home loan rates, aren't much out of line
27th Oct 22, 11:57am
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A 5% offer for a one year term deposit has burst on to the scene for savers, potentially up-ending the current rate cards of other banks. But despite this, TD rates have been rising anyway, and compared to home loan rates, aren't much out of line
[updated]
With BNZ now offering 3% for a six month term deposit, that embeds a much steeper term deposit rate curve and shines a light on just how steep it has become
10th Aug 22, 10:32am
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With BNZ now offering 3% for a six month term deposit, that embeds a much steeper term deposit rate curve and shines a light on just how steep it has become
[updated]
ANZ is the first main Aussie bank to offer 4% for a one year deposit as it raises TD rates across the board. They are following rivals but in the background swap rates are falling, and a few home loan rates are too
27th Jul 22, 7:58pm
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ANZ is the first main Aussie bank to offer 4% for a one year deposit as it raises TD rates across the board. They are following rivals but in the background swap rates are falling, and a few home loan rates are too
[updated]
Challenger banks continue to push up one year term deposit offers, now as high as 4.2%, with five year offers out to 4.75%. But the 4% threshold hasn't yet been breached for terms under one year
21st Jul 22, 10:44am
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Challenger banks continue to push up one year term deposit offers, now as high as 4.2%, with five year offers out to 4.75%. But the 4% threshold hasn't yet been breached for terms under one year
Kiwibank offers 4% for a one year term deposit, 7-years after the last time it had such an offer. Challenger banks are now offering higher one-year rates as rate curve moves higher
11th Jul 22, 10:08am
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Kiwibank offers 4% for a one year term deposit, 7-years after the last time it had such an offer. Challenger banks are now offering higher one-year rates as rate curve moves higher
More banks raise term deposit rates, some to levels matching those offered five years ago
27th Jun 22, 11:24am
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More banks raise term deposit rates, some to levels matching those offered five years ago
[updated]
Savers may bemoan low returns on their bank savings, but collectively their conservative actions gift cheap funds to banks. Until those collective reactions change, banks have few reasons to offer more generous rates
21st Jun 22, 11:08am
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Savers may bemoan low returns on their bank savings, but collectively their conservative actions gift cheap funds to banks. Until those collective reactions change, banks have few reasons to offer more generous rates