The Decline of Term Deposits: Your Cash is Cooked Originally posted on pmgfunds.co.nz (August 2024) By Matt McHardy, General Manager Investor Relationships New Zealand's financial landscape is undergoing significant changes. The Reserve Bank of... MORE
The Decline of Term Deposits: Your Cash is Cooked Originally posted on pmgfunds.co.nz (August 2024) By Matt McHardy, General Manager Investor Relationships New Zealand's financial landscape is... MORE
The Decline of Term Deposits: Your Cash is Cooked Originally posted on pmgfunds.co.nz (August 2024) By Matt McHardy, General Manager Investor Relationships New Zealand's financial landscape is... MORE
The Decline of Term Deposits: Your Cash is Cooked Originally posted on pmgfunds.co.nz (August 2024) By Matt McHardy, General Manager Investor Relationships New Zealand's financial landscape is undergoing significant changes. The Reserve Bank of New Zealand (RBNZ) cut the Official Cash Rate (OCR)... MORE
The Decline of Term Deposits: Your Cash is Cooked Originally posted on pmgfunds.co.nz (August 2024) By Matt McHardy, General Manager Investor Relationships New Zealand's financial landscape is undergoing significant changes. The Reserve Bank of New Zealand (RBNZ) cut the Official Cash Rate (OCR) in August 2024 bringing it down to 5.25%*, and the market is anticipating further cuts in the coming months, leading to lower deposit and borrowing rates. For the last couple of years, favourable interest rates have made term deposits and savings accounts attractive options. However, with interest rates already declining, keeping funds in the bank is becoming less appealing. This shift... MORE
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