Treasury approves Kiwibank, TSB, Rabobank, SBS, Citibank

Treasury has released its first list of those banks and others approved under the government's deposit guarantee scheme. The full list, which will be updated regularly, is available on the Treasury website here.  The first banks approved included; Kiwibank, TSB Bank, Rabobank, Citibank and the Southland Building Society, now trading as SBS Bank. We will be regularly updating our term deposit rates pages for up to 1 year and over 1 year to include those institutions who have applied and those who have been approved.