Industry - November 1st 47% Share Of Kiwibank Sold in $494 Million Deal NZ Super and the Accident Compensation Corporation (ACC) have signed off on a $494 million deal to acquire an almost 50% shareholding of Kiwibank. A struggling NZ Post has sold 25% shares in Kiwibank to the …
Term Deposits - October 25th What is an automatic rollover & what does it mean for your term deposit? Term deposit customers who are on their toes can get the best returns for their money. Regardless of whether savers choose long-term deposit accounts – or something as short-term as a few months – it …
Finance News - September 29th Term deposits: Popular investment terms and market uncertainty There’s no denying that making a profit on your savings is currently a challenge, with New Zealand’s cash rate dropping by 100 basis points in the 12 months to February 2016. With the official rate …
Term Deposits - September 23rd Money Saving tips: How to boost your savings The days of having a cash rate as high as 8.25% are only a faint memory now. While this is fantastic for those paying off a home loan, it′s bad news for those trying to …
Finance News - September 22nd Official cash rate at 2% and signals for greater cuts New Zealand’s cash rate remains at 2% following the Reserve Bank’s latest announcement, but further cuts are expected. House price inflation is “excessive”, creating financial stability concerns, but new macroprudential policies signal a moderate influence on …
Finance News - September 15th Kiwibank term deposits: How to boost your savings The New Zealand Superannuation Fund (NZ Super) and Accident Compensation Corporation (ACC) are set to acquire 45% of Kiwi Group Holdings – which owns Kiwibank – from a struggling NZ Post. The two Government entities have …
Finance News - August 27th Laddering term deposits: The pros and cons Co-author: Michelle Norton If you invest in term deposits, chances are you may have just one or two large amounts of money in just one or two deposits. Sometimes, you may not get the best interest …
Term Deposits - August 23rd Comparing Term Deposits With Online Savings Accounts When you’re looking at term deposits vs savings accounts, it’s understandable that high interest rates will become a strong influencing factor. But, along with investigating what are the best interest rates for savings, have a …
Term Deposits - August 22nd Why New Zealand & Australia Banks Are Increasing Term Deposit Rates The Reserve Banks of both Australia and New Zealand made the decision to lower the respective official cash rates in August this year – and in both countries that majority of the major banks made …
Finance News - August 22nd New Zealand notes: What are the new features of “Brighter Money” In 2014, RBNZ announced that Kiwis would soon have more vibrant and secure banknote designs – although reassuring spenders at the time that the pictures on our notes and coins will remain the same. Labelled “Brighter …
