Depsosit takers in hibernation
CBS Canterbury raises short rates, but most deposit takers in hibernation.
Monday, April 12th 2010, 8:16AM
CBS Canterbury sought out some short-term cash this week, hiking its three- and five-month rates by 50 points, and its nine-month rate by 15 points.
Elsewhere, however, the competition for deposits took a breather in another shortened week, with many people away during school holidays.
The banks moved quietly with ANZ cutting its six-month term 20 points, and its sister National Bank reduced its five-month term 20 points. Westpac followed suit, slashing its six-month term by 90 basis points.
Finance companies made no offer changes this week, though the Nelson Building Society raised its 12-month offer by 10 points.
| « Banks shying away | NZF ramps up long-term deposit rates » |
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