Bank Term Deposit Rates

[winner (n)]

Obviously - they could as well buy REITS. Dividends paid through a PIE account command a friendlier tax-regime than interest rates from savings accounts (or bonds).

Ah yes, and Interest rates down means REITS going up - and assuming you buy them for the dividend, you don't even need to pay taxes for the capital gains.

But yes, in both cases - don't wait too long. Interest rates will go down at some stage and REITS will go up in sync.

Seems too good to be true eh Pete

And if some punters think REITs are a bit dodgy they can always buy high yielding safe things like Genesis ........ or even take a risk on Turners lol

[Basil]

36% growth in term deposits in the last year !  https://www.nzherald.co.nz/business/to-save-or-invest-warning-as-bank-term-deposits-hit-213b/ZBGHUUQHS5AXJEFYGHUL44VMPA/?lid=db0mq7cja8s9&utm_source=newsletter&utm_medium=nzh_email&utm_campaign=News_Direct_Business_Headlines&uuid=ae2dd95d629344ca8119b12a0d7d7338

[Glenorchy]

SBS have a special TD offer of 6.5% for 6 months at the mo.

[Basil]

Heartland Bank has a market leading 9 month rate of 6.25%.

[winner (n)]

Heartland Bank has a market leading 9 month rate of 6.25%. ...hmmm

And attractive mortgage rates under 7% ....hmmmm

Heartland Bank has a market leading 9 month rate of 6.25%.

And sharp mortgage rates ...mostly under 7% ...like 3 year at 6.35%

Guess where they see interest rates heading

[Basil]

No need to guess mate, it's perfectly obvious.

[Waltzing]

NO those comp props arnt going anywhere as the RBNZ  doesnt know how to cut anything... they have forgotten..central banks are terrified of the I word...

[Cod]

At the moment the ocr and accompanied monetary policy seems to be being used as a binary switch, either off or on.
The danger is that unless it is switched off very soon there will only be a yawning chasm for the landing strip.
In order for there to be any sort of attempted landing, once inflation has been temporarily banished, there has to be actually something to land upon, some sembelence of a functioning economy remaining.