GoodReturns | NZ’s financial adviser news-item centre

How banks make super profits off savings accounts

How banks make super profits off savings accounts

As potential new homeowners struggle with saving a decent deposit a mortgage adviser can put before a bank in a loan application, Squirrel Mortgages has taken a swipe at how much profit banks are making from savings accounts.

Sally Lindsay

Thu, Feb 13th 2025 06:00AM

ASB made up for lost time with $2.28b net new mortgages in 1H

ASB made up for lost time with $2.28b net new mortgages in 1H

10 Minute home loan approvals on the cards

10 Minute home loan approvals on the cards

Borrowers switch from floating to fixed rates at brisk clip

Borrowers switch from floating to fixed rates at brisk clip

Shifting the dial on good advice

Shifting the dial on good advice

Next big issue for mortgage advisers

Next big issue for mortgage advisers

Number of mortgage holders behind in payments up 1,100 in one month

Number of mortgage holders behind in payments up 1,100 in one month

Luxon sacks FEC chair Stuart Smith without explanation

Luxon sacks FEC chair Stuart Smith without explanation

Switching banks takes a huge chunk of mortgage money

Switching banks takes a huge chunk of mortgage money

RBNZ warns interest rates unlikely to return to pre-covid levels

RBNZ warns interest rates unlikely to return to pre-covid levels

The squeeze is set to ease

The squeeze is set to ease

Putting billions back in mortgage borrowers pockets

Putting billions back in mortgage borrowers pockets

PM suggests RBNZ make OCR decisions more often

PM suggests RBNZ make OCR decisions more often

Warning about fixing short term from top economist

Warning about fixing short term from top economist

Investor mortgage borrowers’ sentiment takes a nose dive

Investor mortgage borrowers’ sentiment takes a nose dive

Jumping off the short-term interest rate bandwagon

Jumping off the short-term interest rate bandwagon

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