Business

Savings Rates Provided by Interest.co.nz

Institution Minimum 1 Year
ANZ $1 4.10%
ASB $1 4.15%
BNZ $1 3.90%
Westpac $1 4.15%

Kids will miss kickstart

Bill English just couldn't resist killing the $1000 KiwiSaver kickstarter - it was just lying there looking vulnerable.

Mortgage Rates Provided by Interest.co.nz

Institution Term Percent
ANZ1 year fixed5.59%
ASB1 year fixed5.99%
Kiwibank1 year fixed5.39%
Westpac1 year fixed5.59%
 

ANZ's rate swap breach

ANZ Bank New Zealand, the country's biggest lender, was the most aggressive in pitching interest rate swaps to farmers, the Commerce Commission said. Photo: Mark Mitchell.

ANZ breached the Fair Trading Act for misleadingly representing interest rate swaps to some customers.

Fonterra cuts payout forecast

Fonterra's cut its payout forecast by 10c to $4.40 a kilo of milk solids and says it expects to pay out $5.25 a kilo for…

Economic growth tipped at 3pc

The economy is expected to grow at about 3 per cent a year out to 2017, driving jobs growth and reducing unemployment, says…

Crunch time for dairy farmers

It's crunch time for dairy farmers this week when Fonterra releases its farmgate milk price forecast for the coming 2015/16…

Economic warning for Aussies

Future economic shocks may hit households harder than in past financial tremors, according to a paper by the Reserve Bank…