Fixed interest rate survey
The table below shows the range of fixed interest investments available on New Zealand money markets. It is mainly 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 may change from day to clay, and rates quoted are indicative only of a range available. Only a selection of financial institutions can be quoted, and prospective investors should consult their financial advisers. FIXED INTEREST RATE SURVEY (June 28) KEY
Lending (Letting out) Rate 2 yrs 3 3 rrs 5 yrs 10 yrs * Investment. (Taking in) Rate Home Lending Table Mortgage Rate ♦* Up to 30 years Major Shareholders Call 30 da> s 1 mth 60 days d 2 mths : 90 lajs 3 mths 6 mths 9 mths 1 DEPOSITS and Security Official Market Unofficial Market 10 10.5 — — — — — — Secured 10.5 11 11.5 12.25 13 —— —— __ —— —— —— Unsecured 11 11.5 12 13.5 — ——. —— — — —- Trustee Savings Banks Govt Guaranteed —— 7 7.5 8.5 9 — in 11.5 11 —- «— Nat. Provident Fund Govt Guaranteed — 6 23 9.5 —— 10 10 10 10 10 Building Societies Trading Banks — 8 9 12.75 9 9.5 10 10.5 11 11.5 13 — (N.C.D.’s $100,000) Bank Guaranteed — 12 13.5 13.75 13.8 13 13 — — — TRANSFERABLE OR NEGOTIABLE INSTRUMENTS Govt Stock: New Issue • 11 12 13 10 Secondary ■ -—J — ■ ■ ' —— ■■ ■ Treasury Bills Certain loans carry 10.25 10.4 io;« 11 ■ —— — — — — Local Authority Stock 11.5 11.5 12.5 12.5 13 5 New Issue Govt Guarantee —— — •— —— —— Secondary — — — —— —— — 11.4 11.75 12.25 13 12.25 Mortgages: Broadlands* — .. ■ ■— — — 12.75 13.5 13.75 13.3 — Solicitors* —— -— — ——- — —- 13.5 13.5 14 —— Building Societies* 10** 11.5** Savings Banks* Trading Banks iTCD's) — 12 12.75 13.5 13.8 13 13 13 — — Corporate Debentures Secondary ■ ■ •—■ —— —— D.F.C. Grvemment-owned — — —-. — —— 14.1 —— Prime Industrial 14.3 — Finance Companv 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 r Gould Guinness 12.75 12 13 12 G M A C — ■ ■ —— ■ ■' ■ .■ ■ — 13 13 13 Int. Harv. Credit Corp. Guar. I.H. of N.Z ’ ■ ' w —— —— 9 — 12.25 13 13.5 13.25 — 21% C.B.A., 30% Fletcher — ——- 11 12.5 12.5 14 13.5 13.5 13 — U D C 83% A.N.Z. Bank — — —• • ■ • —— 11 - —- 13 13.5 13.75 13.5 —— Secondary s— — —r — • — 13.5 13.5 13.5 13.75 13.4 Fin Co. Unsecured Notes Broadlands Marac U.D.C. 8.5 7 10 9 10.5 11.5 11.5 . 11 r 11.5 13.5 13 14 13.5 14 14 14 Commercial Bills Prim* VaiMUNd _i — 13.S 14 14.5 — — — —. — — —
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19790709.2.158
Bibliographic details
Press, 9 July 1979, Page 20
Word Count
399Fixed interest rate survey Press, 9 July 1979, Page 20
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.