
News
Banks play cat and mouse over deposit rates
Tuesday 4th of December 2007
The latest weekly market report from interest rate site www.depositrates.co.nz shows there is plenty of action in the market.
An on-going battle is amongst banks for one-year money. Over the past week we have seen a couple of twists to the tale. KiwiBank, did a U-turn and put its one-year interest at maturity (IAM) special back up to 9.00%.
It was at this rate a fortnight ago, but dropped...
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