Rate of Interest Reduced.
[Special to Standard.]
W KLiasoTox, This Day
Yesterday the Union. Australasia, and New South Wales Banks decided to reduce the maximum rate of interest on fixed deposits to 3 per cent., and advances rates to be proportionately affected by the change.
The National Bank reduces its rates from 4 to 3A per cent.
The Bank of New Zealand declines to go below its present maximum of 8| per cent. The Savings Bank remains at 3J per cent.
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https://paperspast.natlib.govt.nz/newspapers/HAST18960430.2.12
Bibliographic details
Hastings Standard, Issue 4, 30 April 1896, Page 3
Word Count
81Rate of Interest Reduced. Hastings Standard, Issue 4, 30 April 1896, Page 3
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