Fixed interest rate survey

Press, 18 June 1979, Page 20

Fixed interest rate survey

The table below shows the range of fixed interest investments available on New Zealand money markets. It is raainly based on data provided by Broadlands Dominion Group. Ltd, but has been adapted to include local rates where applicable. It should be noted that in the more volatile markets rates naay change from day to day. and rates quoted are indicative only of a range available. Only al selection of financial institutions can lie quoted, and pro>peitive investors should shop aijound.

KEY FIXED INTEREST RATE SURVEY June 14» Lending <Letting out* Rate Call 30 60 90 ’ Investment (Taking in) Rate da vs da> s daxs Home Lending Table Mortgage Rate I 3 6 9 1 •> 5 10 *’ Up to 30 years mth mths mths mths mths yr yrs y rs x ri \rs Major Shareholders DEPOSITS and Security Official Market 10 10.5 — —— — •— -— — Unofficial Market Secured 10.5 11 11.5 12.25 13 —— — — — •— Unsecured 11 11.5 12 13.5 — — —- — Trustee Savings Banks Govt. Guaranteed 7 1 -O 8.5 9 —— 9.5 10 10.5 Nat. Provident Fund Govt. Guaranteed — — 6.25 9.5 — 10 10 10 10 10 Building Societies 8 9 9 9.5 10 10.5 11 11.5 13 Trading Banks • iN.C.D.s 5100,000) Bank Guaranteed — 12 12.75 13.5 13.75 12.8 13 13 — TRANSFERABLE OR NEGOTIABLE INSTRUMENTS Govt Stock: New Issue —— — — — 11 12 13 10 Secondary —- — —— —. —— — —— — — Treasury Bills 10.25 10.4 10.S 11 — — — — — — — Local Authority Stock Certain loans carry New Issue , Govt. Guarantee —— —— —— — —— —— 11.5 11.5 12 5 11 25 Secondary —— — — —- —— 11.6 11.6 12.6 12.6 11 35 Mortgages: Broadlands* —_ •— —— — — 12.75 ] 3 j 13 75 13.3 Solicitors’ — —- — — — — 13 13 5 13.75 Building Societies- — —— . — — — —— n.5’ 1 Savings Banks —— —• — — — 10’* Trading Banks (TCD’s) —- 12 12,75 13.5 13.8 13 13 13 — —— Corporate Debentures - D.F.C. Government-owned — — — —— —— —— — Prime Industrial —.- — — —— — 12 12.3 12 5 125 Finance Company debentures New Issues: Broadlands Public Company 8 8.5 — 9.5 10.5 11.5 13 5 14.0 13.75 13.5 12.5 Finance and Discounts Pyne, Gould, Guinness — — —— — — —— 12 13 12 Gen. Motors Arc. Corp. Guarantee GM AC <NY.) — 7.75 —- 8,25 9 9.75 11.25 11.5 11.5 11.5 11.5 Int. Harv. Credit Corp. Guar. I.H. of N.Z. — — —- — 9 — 10.5 11 5 12 12.25 Marac 21% C.B.A.. 30% Fletcher — —_ — 11 12.5 12.5 14 13.5 13.5 13 —— U.D.C. 63% A.N.Z. Bank — — 11 13 13.5 13.75 13.5 — Fin. Co. Unsecured Noles Broadlands 8.5 10 — 11.5 13.5 13.5 14 14 14 — — Marac 7 9 —— 11.5 13 13 — —■ — — —- U.D.C. — 10 5 —— 11 11.5 _-- — — —— Commercial Bills Prime Unsecured — 13.75 14 14.25 14 — 13.5 14 —— —— —