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Kiwis must move banks to support NZ


Thursday 27 December 2012

Kiwis must move banks to support NZ

“New Zealanders should make their New Year’s resolution this year to move all their bank accounts over to Kiwibank, or one of the other wholly owned New Zealand banks” said Democrats for Social Credit Leader Stephnie de Ruyter.

“New Year is the ideal time for Kiwis to display a bit of patriotism, and get themselves out of the clutches of the overseas owned banks.

“The big four Aussie owned banks dragged NZ $ 3.5 billion in profit out of the back pockets of Kiwis in the past year and transferred it to their Australian owners – creating a significant boost to the Australian economy.

“Those profits were the best they had made for a number of years, and were made at a time the New Zealand economy was continuing its slide into depression.

“Had even half that profit gone instead to Kiwibank, through New Zealanders having moved their accounts last year, dividends to the Government would have meant borrowing could have been significantly reduced, and the interest on that borrowing would not be a future drain on Kiwi incomes.

“If the Government had any backbone it would instruct Kiwibank to marginally lower their lending rates and slightly increase their deposit rates as an incentive for people to make the switch.

“This in turn would provide some real competition for the Aussie banks and benefit all New Zealanders through better borrowing and deposit rates.

“More money in people’s pockets would further boost the New Zealand economy.

“It’s time Kiwis stopped propping up the Aussie economy and supported their own instead by switching their accounts this New Year.”

ENDS



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Election Day: Make Sure You're A Part Of It!

Saturday 20 September, is election day, and New Zealanders’ last chance to have a say on who leads the country for the next three years.

“The people and parties we elect tomorrow will be making the decisions that affect us, our families and our communities,” says Robert Peden, Chief Electoral Officer. “It doesn’t get much more important than that, and we need all New Zealanders to use their voice and vote.”

Voting places will be open from 9.00am until 7.00pm on election day. The busiest time at voting places is usually 9.00am - 11.00am.

“Take your EasyVote card with you when you go to vote, as it will make voting faster and easier, and vote close to home if you can. But don’t worry if you forget your card, or didn’t receive one, because as long as you are enrolled to vote, your voice will be heard,” says Mr Peden. More>>

 

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