News

BNZ trumps Kiwibank in deposit rate war during June quarter

Wednesday 18th of August 2010

The two banks are the first to lodge their General Disclosure Statements for the three months through June, and BNZ came out on top in the deposit rate war, attracting $277 million of new deposits, taking its total to about $17 billion. That beat out Kiwbank's flat quarter which saw it stay around $6.9 billion.

Kiwibank blamed a tough market for retail deposits as the reason behind its 1...

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