Savers

Kiwibank comes back for a second home loan rate hike in the past few days, targeting its two and three year fixed rates

Kiwibank comes back for a second home loan rate hike in the past few days, targeting its two and three year fixed rates

BNZ is back with more home loan rate increase tweaks, and some higher term deposit rates, completing a week of industry-wide rises under pressure from wholesale rate changes

BNZ is back with more home loan rate increase tweaks, and some higher term deposit rates, completing a week of industry-wide rises under pressure from wholesale rate changes

ASB is the next major bank to adjust fixed rates and they have been more restrained in their moves than Westpac or ANZ. ASB also reprised a 5% TD rate. Kiwibank follows with their own rate hikes

ASB is the next major bank to adjust fixed rates and they have been more restrained in their moves than Westpac or ANZ. ASB also reprised a 5% TD rate. Kiwibank follows with their own rate hikes

Apart from the post-pandemic 'normalisation', we seem to be starting an upward phase for fixed home loan rates, one we haven't seen since late 2016

Apart from the post-pandemic 'normalisation', we seem to be starting an upward phase for fixed home loan rates, one we haven't seen since late 2016

Household term deposit balances have flat-lined since early 2024. But now that bank offer rates are rising, with 4%-plus rates even offered by some main banks, will that encourage savers to move back?

Household term deposit balances have flat-lined since early 2024. But now that bank offer rates are rising, with 4%-plus rates even offered by some main banks, will that encourage savers to move back?

Term deposit rates are moving off their recent lows with 4%+ rates starting to spread. Surprisingly the major banks are at the forefront of the rises

Term deposit rates are moving off their recent lows with 4%+ rates starting to spread. Surprisingly the major banks are at the forefront of the rises

After three straight years of building back term deposit balances, savers took a break in 2025. Lower rate offers and better alternatives caused the pause

After three straight years of building back term deposit balances, savers took a break in 2025. Lower rate offers and better alternatives caused the pause

Reserve Bank says new bank capital requirements will see interest rates paid to depositors 'fall slightly'

Reserve Bank says new bank capital requirements will see interest rates paid to depositors 'fall slightly'

The year is ending with selected banks raising longer term deposit rates. The latest is state-owned Kiwibank whose one year TD rate now easily eclipses their big Aussie bank rivals

The year is ending with selected banks raising longer term deposit rates. The latest is state-owned Kiwibank whose one year TD rate now easily eclipses their big Aussie bank rivals

Finance Minister Nicola Willis suggests borrowers should shop around and make banks compete with each other

Finance Minister Nicola Willis suggests borrowers should shop around and make banks compete with each other

Finance Minister Nicola Willis says she hopes the Reserve Bank’s OCR cut will flow through to mortgage holders, telling banks they have a stake in the economy and they should 'pass on as much as possible'

Finance Minister Nicola Willis says she hopes the Reserve Bank’s OCR cut will flow through to mortgage holders, telling banks they have a stake in the economy and they should 'pass on as much as possible'

Not much cheer for savers as 2025 heads towards its end, with term deposit rates being lowered by some, and soft everywhere

Not much cheer for savers as 2025 heads towards its end, with term deposit rates being lowered by some, and soft everywhere

Savers are being forced to contemplate after-tax returns from term deposits that come in sharply less than inflation and don't keep up with household living cost rises

Savers are being forced to contemplate after-tax returns from term deposits that come in sharply less than inflation and don't keep up with household living cost rises

State-owned Kiwibank is the last major to move its fixed home loan rates down ahead of Wednesday's OCR review, and these shifts give it a market-leading six month rate, and a matching one year rate

State-owned Kiwibank is the last major to move its fixed home loan rates down ahead of Wednesday's OCR review, and these shifts give it a market-leading six month rate, and a matching one year rate

Term deposit rates are falling, and as low as they are, the chances of them falling further is high. So locking in some current rates may avoid rate-drop pain that is yet to happen

Term deposit rates are falling, and as low as they are, the chances of them falling further is high. So locking in some current rates may avoid rate-drop pain that is yet to happen