Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Kiwibank raises floating loan rates and deposit rates

18 June 2014

MEDIA RELEASE


Kiwibank raises floating loan rates and deposit rates

Kiwibank has raised its variable and revolving home loan interest rates from 6.15% p.a. to 6.40% p.a.. The increase is effective today for new customers and will be effective 2nd of July for existing customers.

The bank is also raising the rates for Notice Saver and some Term Deposit products at the same time.

The 32-day Notice Saver will increase to 3.80% p.a. and the 90-day Notice Saver will increase to 4.35% p.a. effective 2nd of July.

The 30-day and 60-day Term Deposits will increase by 25 points to 3.25% p.a.
The 90-day Term Deposits will increase by 25 points to 3.50% p.a.
The 200-day Term Deposits will increase to 4.40% and the 1-year Term Deposits will increase to 4.50% p.a. The Term Deposit increases will be effective Monday, 23rd June.


ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Reserve Bank: Wheeler Keeps OCR At 1.75%

Reserve Bank governor Graeme Wheeler kept the official cash rate unchanged at 1.75 percent, as expected, and reiterated his view that the benchmark rate doesn't need shifting for the foreseeable future. More>>

ALSO:

Retail: Pumpkin Patch Brand, IP Sold To Catch Group

The receivers of failed children's clothing retailer Pumpkin Patch have confirmed that the company's brand and intellectual property have been sold to Australian online retailer Catch Group. More>>

ALSO:

Oil: 2017 Block Offer Petroleum Tender Launched

New Zealand is well-placed to take advantage of the economic benefits of oil and gas exploration, Energy and Resources Minister Judith Collins announced today at the launch of the 2017 Block Offer petroleum tender. More>>

ALSO:

OECD And Zero Carbon Reports: Environmental Pressures Rising In New Zealand

New Zealanders enjoy a high environmental quality of life and access to pristine wilderness. However, New Zealand’s growth model, based largely on exploiting natural resources, is starting to show its environmental limits with increasing greenhouse gas emissions and water pollution ... More>>

ALSO:

Statistics: Record Net Annual Migration Levels Continue

In the February 2017 year, 71,300 more migrants arrived in New Zealand than left, Stats NZ said today. This equalled the previous annual record set in January 2017. More>>

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news