BNZ do provide good rates but don't do they charge fees every month of whatever kind of loans you take.
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Originally posted by hnz386 View PostFixed rates - Kiwibank $500K
1yr 4.3%
2yrs 4.35%
3yrs 4.42%
4yrs 4.75%
Cashback $5000
The Kiwibank rates advertised on www.interest.co.nz are above the rates you have put above, but when compared to other banks, your rates are around the same as the good rates advertised.
RossBook a free chat here
Ross Barnett - Property Accountant
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Originally posted by Judge View PostTotal Money is not available to businesses. Only on personal accounts
Beauty is the money in the business account offsets the small mortgage it is on
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Originally posted by Gary Lin View PostThat must be a recent change, as I still have my main business account for my properties with BNZ as Total Money.
Beauty is the money in the business account offsets the small mortgage it is on
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Originally posted by Judge View PostThis is interesting Gary. I will ask my manager why some people seem to be able to get it on business account... may be interested am just not big enough customer :/
I remembered everytime i went to bnz branch they always ask me what am i doing with the cash on the account, but in fact it's just the loan sitting there undrawn!
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Originally posted by Judge View PostThis is interesting Gary. I will ask my manager why some people seem to be able to get it on business account... may be interested am just not big enough customer :/
Perhaps you need to deal with someone else, like BNZ's Property Team - see https://www.bnz.co.nz/personal-banki...rty-investment for more details.
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Jeremy in that team I know and have used before, he is very good, I have just emailed him to see if this will work for me.
Sometime you just have to catch them at that time of the year that the current bank policy favours what you want to do, as bank policy flip flops a lot.
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OK, i looked at the link posted by brendan. everything matches up. It is available for businesses, but not for businesses managed by BNZ Partners.
"TotalMoney is for small businesses with an annual turnover of less than $1 million, that are not managed by BNZ Partners.3"
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