Tag: Savings accounts
-
Are New Zealand Savings Accounts Finally Squeezed for Returns? A Look at the Country’s Least-Generous Options
Introduction: A Nation of Conservative Returns on Savings New Zealand savers have long faced a landscape of relatively modest interest on non-term deposits. In recent months, a survey of major banks revealed an array of savings accounts offering critically low returns, with some options dipping to as little as 0.05% annual interest. This article examines…
-
New Zealand’s Least Generous Savings Accounts: The 0.05% Returns You Might Not Want
Introduction: Are NZ savings accounts truly generous? Recent comparisons of New Zealand bank rates reveal a troubling trend: several mainstream savings accounts are offering remarkably low returns. In a climate where inflation edges upward, an interest rate as low as 0.05% stands out as a stark contrast to the needs of everyday savers. This article…
-
Are New Zealand Savings Accounts Really This Ungenerous? A Look at Rates Falling to 0.05%
Low Rates, High Concern: What the Latest NZ Savings Survey Shows New Zealand savers face a challenging landscape as a recent survey highlights that some of the country’s main banks offer savings accounts with alarmingly low returns. In a market where a handful of products are paying as little as 0.05 percent, households are rethinking…
-
Banks Brace for Cash ISA War as Treasury Sets £12,000 Limit
Main backdrop: the cash ISA limit shake-up The UK’s cash Individual Savings Account (ISA) limit is being cut, with the annual cap reduced to £12,000. Banks and building societies have wasted little time in signalling a fierce competition to attract savers, unleashing a wave of promotional offers and rate hikes across standard cash ISAs. While…