LOWER RATES OF INTEREST.
A reduction in the minimum overdraft rate for best accounts to 4J per cent., as from November 30, and a further reduction of i per cent, on all fixed deposits as from November 2, has been announced by the following’ Banks: Bank of Australasia, Bank of New Zealand, Commercial Banild of Australia Ltd., The National Bank of New Zealand Ltd., and the Union Bank of Australia Ltd. The rates of interest allowed on fixed deposits as from November 2 will be as follows: — On deposits for any period between 3 and 6 months, 1 per cent per annum; 6 to 12 months, If per cent.; 12 to 24 months 2\ per cent; for 24 months 2i per cent. From November 30 overdraft rates for best accounts will be reduced from 5 to 4£ per cent, per annum.
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https://paperspast.natlib.govt.nz/newspapers/MH19341103.2.3
Bibliographic details
Manawatu Herald, Volume LIV, Issue 4413, 3 November 1934, Page 1
Word Count
141LOWER RATES OF INTEREST. Manawatu Herald, Volume LIV, Issue 4413, 3 November 1934, Page 1
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