News

Rates round-up: May 14

Monday 14th of May 2012

Term deposit rates are falling across the board, despite an impending change to bank regulation that is tipped to give deposit rates a boost.

Most major banks cut their rates last week, with locally owned Kiwibank and TSB kicking things off, followed later by Westpac, BNZ, ANZ National and RaboDirect.

Kiwibank cut its three-year rate by 20 basis points to 5.10%, its four-year rate...

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