Personal Finance
Lynda Moore has five easy-to-adopt money behaviours that can make a big difference in your financial life
7th Feb 25, 10:15am
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Lynda Moore has five easy-to-adopt money behaviours that can make a big difference in your financial life
The decision by many homeowners to position themselves for expected interest rate cuts will see an average of over $30b a month worth of mortgages need refixing in the first six months of this year
6th Feb 25, 6:00am
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The decision by many homeowners to position themselves for expected interest rate cuts will see an average of over $30b a month worth of mortgages need refixing in the first six months of this year
KiwiSaver funds under management ticked over $121 billion in the December 2024 quarter, according to Morningstar
5th Feb 25, 3:26pm
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KiwiSaver funds under management ticked over $121 billion in the December 2024 quarter, according to Morningstar
Westpac surprises the home loan market with a big cut to its fixed three year rate, taking it below 5% to the lowest any mortgage rate has been in 27 months
5th Feb 25, 3:09pm
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Westpac surprises the home loan market with a big cut to its fixed three year rate, taking it below 5% to the lowest any mortgage rate has been in 27 months
[updated]
Kiwibank makes another small home loan rate cut, possibly to be followed by another major bank. But the mortgage markets now await the RBNZ's OCR review, to be followed by a massive refixing surge
5th Feb 25, 9:26am
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Kiwibank makes another small home loan rate cut, possibly to be followed by another major bank. But the mortgage markets now await the RBNZ's OCR review, to be followed by a massive refixing surge
More people turned to Kiwisaver as a financial safety net during 2024, withdrawing $2 billion
4th Feb 25, 2:48pm
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More people turned to Kiwisaver as a financial safety net during 2024, withdrawing $2 billion
Stats NZ says high interest payments on mortgages continue to contribute 'significantly' to living costs
3rd Feb 25, 11:36am
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Stats NZ says high interest payments on mortgages continue to contribute 'significantly' to living costs
ASB tweaks its mortgage rate card lower, although the shifts are minor and may indicate the main banks are struggling to justify home loan pricing at this level
3rd Feb 25, 10:46am
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ASB tweaks its mortgage rate card lower, although the shifts are minor and may indicate the main banks are struggling to justify home loan pricing at this level
Banks trim term deposit rate offers further with no main bank now offering a 5% rate
3rd Feb 25, 9:56am
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Banks trim term deposit rate offers further with no main bank now offering a 5% rate
David Hargreaves examines mortgage figures for 2024 and compares figures over the 10-year timeframe that the detailed Reserve Bank data now covers
31st Jan 25, 12:55pm
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David Hargreaves examines mortgage figures for 2024 and compares figures over the 10-year timeframe that the detailed Reserve Bank data now covers
Banks are now super-sensitive to customer reactions when they have what is perceived as an uncompetitive mortgage rate card, and are moving quickly to hold their positions
30th Jan 25, 8:01am
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Banks are now super-sensitive to customer reactions when they have what is perceived as an uncompetitive mortgage rate card, and are moving quickly to hold their positions
Latest Reserve Bank figures show of more than $8 billion of new mortgage commitments in December, over $2 billion was customers swapping loan providers
29th Jan 25, 3:45pm
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Latest Reserve Bank figures show of more than $8 billion of new mortgage commitments in December, over $2 billion was customers swapping loan providers
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Massey University's latest retirement expenditure guidelines report finds retirees may need much less than seven figures for retirement
28th Jan 25, 1:29pm
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Massey University's latest retirement expenditure guidelines report finds retirees may need much less than seven figures for retirement
[updated]
Banks trim term deposit rate offers in slow and steady track, shortening the terms for where their peak rates are pitched. But there are exceptions and options
28th Jan 25, 9:41am
Banks trim term deposit rate offers in slow and steady track, shortening the terms for where their peak rates are pitched. But there are exceptions and options
Laggard Kiwibank finally shifts its carded home loan rates down. And it's joined with cuts by many challenger banks. Kiwibank's one year rate now lower than all its Aussie rivals
28th Jan 25, 8:30am
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Laggard Kiwibank finally shifts its carded home loan rates down. And it's joined with cuts by many challenger banks. Kiwibank's one year rate now lower than all its Aussie rivals
Lynda Moore says it's not about perfection, it’s about progress. And a big part of that is changing behaviours to get the life you want
27th Jan 25, 9:45am
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Lynda Moore says it's not about perfection, it’s about progress. And a big part of that is changing behaviours to get the life you want
Westpac falls into line with matching mortgage and term deposit rate reductions. That leaves Kiwibank out on a bit of a limb, but at least they have the best main-bank term deposit rate
23rd Jan 25, 6:10pm
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Westpac falls into line with matching mortgage and term deposit rate reductions. That leaves Kiwibank out on a bit of a limb, but at least they have the best main-bank term deposit rate
Treasury reduces Kiwi Bond interest rates, the benchmark for risk-free saving for retail savers, their first cut in 2025
23rd Jan 25, 3:42pm
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Treasury reduces Kiwi Bond interest rates, the benchmark for risk-free saving for retail savers, their first cut in 2025
BNZ chief economist Mike Jones says going short has 'tended to pay off' but he is 'compelled to offer a few competing viewpoints'
22nd Jan 25, 10:41am
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BNZ chief economist Mike Jones says going short has 'tended to pay off' but he is 'compelled to offer a few competing viewpoints'
Although flexibility by banks on interest rates for mortgages is reducing fast, BNZ has staked a claim for attention by offering the lowest two year fixed rate in the present market
22nd Jan 25, 8:37am
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Although flexibility by banks on interest rates for mortgages is reducing fast, BNZ has staked a claim for attention by offering the lowest two year fixed rate in the present market
The largest home loan lender cuts its rate card, but in this tight market, discounts from that are becoming rarer. Savers are paying for this discounting because wholesale rates aren't shifting lower
21st Jan 25, 5:31pm
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The largest home loan lender cuts its rate card, but in this tight market, discounts from that are becoming rarer. Savers are paying for this discounting because wholesale rates aren't shifting lower
Lynda Moore reminds us that real wealth isn’t just about making more money; it’s about creating a life you love
21st Jan 25, 9:06am
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Lynda Moore reminds us that real wealth isn’t just about making more money; it’s about creating a life you love
Westpac says the drivers for higher gold prices are still in place, even though traditional analysis suggests it may have peaked
18th Jan 25, 3:41pm
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Westpac says the drivers for higher gold prices are still in place, even though traditional analysis suggests it may have peaked
Both ASB and Westpac follow up their home loan rate cuts with reduced rates for term deposit savers. Now three institutions (including these two) no longer offer any 5% rates
17th Jan 25, 2:33pm
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Both ASB and Westpac follow up their home loan rate cuts with reduced rates for term deposit savers. Now three institutions (including these two) no longer offer any 5% rates
ASB has kickstarted the 2025 mortgage market competition with -20 bps rate cuts to have the most competitive home loan rate card among the main banks
17th Jan 25, 8:35am
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ASB has kickstarted the 2025 mortgage market competition with -20 bps rate cuts to have the most competitive home loan rate card among the main banks
