News

Finance Direct takes big steps in deposit rate competition

Sunday 31st of January 2010

Finance Direct, which is partly owned by NZF, took some big steps across the board in the ongoing competition for retail deposits, boosting its six-month rate 150 basis points, its 12-month rate 225 basis points, and its 18 month rate 175 basis points. It lifted its two-year rate by 75 points, and its three- through five-year rates by 85 points.

FE Investment raised its 12-month, 18-mont...

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