Article #976497767
Tuesday, January 11th 2011, 9:52AM
HSBC has made the first interest rate changes for the new year by increasing its six-month and one-year fixed rates by 25 basis points for its Premier product.
The new rates are still well below the median rates for a bank however they are subject to a home loan of $500,000 or more.
Our first news story for the year looks at how customers can expect switching banks to be easier this year as Payments NZ has enacted changes requiring greater co-operation between banks in the process.
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