DR - Rate Changes

Banks shying away

Tuesday 6th of April 2010

In rate changes last week, Kiwibank slashed its six-month term by 100 basis points, while lifting its 12-month rate by 15 points.

RaboPlus looked at short-term deposits, lifting its three-month rate by 15 points, its six-month rate by 20 points, and its 12-mont rate by 10 points, while HSBC cut its one- and two-month terms by 10 points and its three-month terms by 15 points for deposits...

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