The average fee charged for credit cards is 1.6 per cent but they can top 2 per cent. That compares to 0.8 per cent on average in Australia and 0.5 per cent in the United Kingdom.
The banking hubs will provide basic transactional services like cash withdrawals, deposits and account transfers. They will all have a multi-branded Smart ATM and online banking facility, along with a support person to provide guidance and assistance.
Managed funds, especially those that invest in shares, are riskier than having money in the bank but over the long-term (assuming that’s your savings timeframe for your kids) they should deliver a better return.
Socially responsible investing is the main driver for more than a third of New Zealanders and ranks in the top three considerations when investing for 88 per cent of people, according to a study by digital investing platform Hatch.
The biggest tell in it was about tax — there were heavy hints of a big tax in there. It’s no secret, but the exact nature will be part of their big election push next year.
This month in finance is quite an important one as the pending Brexit decision in Europe starts to make trade deals a top agenda for the world’s governments. The knock on effect to the world of finance is huge. Let’s now take a look at Read More …
The number of farms sold in the three months to July was down by a quarter compared to a year earlier. Prices overall were firmer. Only 84 farms were sold in July, and only five were dairy farms for all of NZ although that is Read More …
Barfoot & Thompson manages nearly 16,500 residential rental properties on behalf of landlords, and says the rate at which rents for those properties have been rising has been slowing since at least early 2016.
The New Zealand arm of the bank alone made a profit of more than half a billion dollars in the six months to the end of March 2019. The Australasian operations made AU$8 billion (NZ$8.3b) last year.
It is rare that every major bank offers exactly the same rate for their one and two year fixed offerings. It is also somewhat unusual for the mortgage market to be this competitive in winter and before the launch of the spring real estate season. Read More …