INDEPENDENT NEWS

Kiwibank Term Deposit Special Rate

Published: Wed 14 Jul 2021 06:07 AM
Kiwibank is increasing its term deposit rate to 1.2% from 0.8% for its 200-day term.
Kiwibank Senior Manager for Borrowing and Savings Richie McLay said: “Our customers are looking to maximise the return on their investment so Kiwibank is making it easier for them to achieve their goals. We’re all about making Kiwi’s better off and our short-term special aims to do just that.”
“With a number of economists expecting interest rate increases in the future, our 200-day special will allow customers to re-assess their investment options in the New Year.”
“This is a special limited time only offer that runs to Sunday 18 July,” McLay said.Term Deposits
Effective from: Wednesday 14 July 2021
Change applies to Business, PIE and Retail Term Deposits:Interest Tier:$10,000+$5,000 - $9,999Current RateNew RateChangeCurrent RateNew RateChangeInterest paid at maturity200 days0.80%1.20%+0.40%0.70%1.10%+0.40%
$1,000 - $4,999: No Change
To get advanced notification of future rate offers anyone can sign up to our ‘heads up’ email: Limited time term deposit rates | Investments (kiwibank.co.nz)

Next in Business, Science, and Tech

Third Snapshot Report Reveals $9.5 Billion Business Investment In Climate Action
By: BusinessNZ
The home printer market is broken
By: Digitl
SFO Commences Enquiries Into Allegations Of COVID-19 Wage Subsidy Fraud
By: Serious Fraud Office
Companies In Hot Water For Selling Unsafe Hot Water Bottles And Toys
By: Commerce Commission
Robust Balance Sheets Yield Faster Economic Recovery
By: The Reserve Bank of New Zealand
Transpower Releases Independent Report Into Events Of August 9
By: Transpower
View as: DESKTOP | MOBILE © Scoop Media