Latest in Banking & Insurance

Banking & Insurance - April 29th

How Much Interest Could You Earn on $1 Million?

Term deposits are a low-risk way to invest your money (compared to, for example, shares) that deliver a fixed rate of interest. Most term deposit takers allow you to choose when you receive interest, such as…

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Banking & Insurance - April 27th

Best PIE Funds in NZ

PIE funds work exactly like term deposits, except the interest you earn can be taxed at a lower rate. These lower rates are called prescribed investor rates (PIRs): Annual Income Income Tax Rate PIR $15,601-$53,500 17.5%…

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Banking & Insurance - April 16th

What is the Deposit Compensation Scheme

KEY POINTS: From July 1, the Deposit Compensation Scheme (DCS) will protect savers' money deposited in savings accounts with registered banks and licensed deposit takers in NZ. The DCS will cover up to $100,000 of a…

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Banking & Insurance - April 14th

PIE Funds vs Term Deposits

If you're considering placing a sum in a term deposit, you could maximise your returns by investing in a PIE fund instead. What is a PIE fund? PIE stands for Portfolio Investment Entity. It's a financial…

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Banking & Insurance - April 11th

NZ Tax Rates: What Are NZ's Tax Brackets?

New Zealand has a progressive tax system, which means that the amount of tax a person pays on their income increases the more they earn, structured across five income bands. At the beginning of April, those…

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