DR - Rate Changes
BNZ catches up with banks in 18mo term
Monday 20th of September 2010
Bank of New Zealand made a 10-basis-point hike in its 18-month deposit rate to 5.40% for amounts over $10,000. However, the move was just a catch-up to similar rates already being offered by the other big banks. The rate of 5.40% is now the top rate offered by banks for an 18-month term.
Another rate action came from Credit Union Baywide which raised its five-month deposit rate to 5.40%,...
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