Monetary Policy

Reserve Bank Governor Graeme Wheeler. Photo / Mark Mitchell

NZ dollar drops to 13-month low

The NZ dollar dropped to a 13-month low today after figures confirmed the Reserve Bank intervened in foreign exchange markets…

Mortgage Rates Provided by Interest.co.nz

Institution Term Percent
ANZ1 year fixed6.15%
ASB1 year fixed6.09%
Kiwibank1 year fixed5.79%
Westpac1 year fixed6.09%

Big money, but also peanuts

Oracle team USA boss Larry Ellisonis ranked as the third highest paid chief executive in the US. Photo / Oracle

ANZ's chief executive David Hisco's $4.1 million pay packet got a few Kiwis hot under the collar this week. But how 'bout…

Savings Rates Provided by Interest.co.nz

Institution Minimum 1 Year
ANZ $1 4.50%
ASB $1 4.25%
BNZ $1 4.40%
Kiwibank $2,000 3.15%
Westpac $1 4.35%

KiwiSaver transfers increasing

Photo / Getty

The FMA says it is concerned about increasing competition among KiwiSaver providers having a detrimental impact on members…