Fix your term deposits quick. Reserve Bank drops interest rates 1%.
While its great news for mortgage holders its bad new for savers.
1% drop in interest rates bound to effect term deposits & savings accounts so if you want to keep good interest, lock it in now with a term deposit!
Current best buys;
ASB $5000+ 7.8% for 5 months
Southern Cross Building Society $1000+ 8.3% for 12 months
They will be gone by monday at the latest if not before! Get in quick!
Showing posts with label savings. Show all posts
Showing posts with label savings. Show all posts
Thursday, October 23, 2008
Monday, October 13, 2008
Government to offer savings deposit protection to savers up to $20000
The government announced yesterday that it will offer protection for savings up to $20000
It will guarantee savings with credit unions, building societies, finance companies that take deposits, and cash portfolio investment entities sponsored by covered institutions.
Unfortunately it doesn't cover those who lost money in the finance companies collapse.
At least now we know were covered if things do get worse
What do you think?
It will guarantee savings with credit unions, building societies, finance companies that take deposits, and cash portfolio investment entities sponsored by covered institutions.
Unfortunately it doesn't cover those who lost money in the finance companies collapse.
At least now we know were covered if things do get worse
What do you think?
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