BNZ in money market move
The Bank of New Zealand is ready to accept shortterm deposits, either at call, or for seven days and then at call, the general manager, Mr W. J. Shaw, announced yesterday. He said that these facilities would be available for deposits of $lOO,OOO and more, and that quotations could be obtained from BNZ branches. This step followed moves recently taken by the Government to abolish restrictions requiring banks to accept deposits for terms of no less than. 30 days. Mr Shaw said that for
smaller deposits, the bank was offering personal customers auto-access accounts, where deposits would earn interest on a daily basis, currently 10 per cent a year, and funds would be available at call. He said that up until now, funds in these accounts had to be deposited for 30 days before interest was payable. Mr Shaw said that options regarding cheque accounts and 3 per cent savings accounts were being considered. The BNZ would make further announcements about these facilities soon.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19840831.2.67.8
Bibliographic details
Press, 31 August 1984, Page 8
Word Count
169BNZ in money market move Press, 31 August 1984, Page 8
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.
Log in