BARK RATES RAISED
(Per United Press Association.) WELLINGTON, June 4. Rates of interest for fixed deposits have been raised by banks doing business in New Zealand as from Ist June. They are now as follows: On fixed deposits for six months, ‘1 per cent.; twelve months, 3Vs per cent.: twenty-four months, 4 per cent. There, has been an all-round increase of V 2 per cent. Rates for fixed deposits for some weeks past have boon raised by hi per cent, by banks in Australia, and New Zealand is now only on the same level. The advance of rates will havo a hardening tendency on the money market.
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Bibliographic details
Southland Times, Issue 17060, 5 June 1912, Page 5
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107BARK RATES RAISED Southland Times, Issue 17060, 5 June 1912, Page 5
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