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  • Applies To Interest Rates?

    Changing Your Bank Is Easy
    Rob Stock
    19/02/2013

    In many cases banking relationships last longer than marriages, which
    is curious because switching bank is a lot easier than getting a divorce.
    My theory, based on my own experience and that of friends and
    acquaintances, is that people move bank either because they become
    furious at poor service, or because they are chasing a better mortgage
    rate, or because of a major life event like a marriage. Many readers
    might find themselves feeling disloyal in considering moving bank.

    Don't.

    Banks feel no loyalty to us, and there is precious little value attached to
    a long-term banking relationship other than the power it gives banks to
    charge us fees and interest for longer.

    DON'T

    * Worry about the feelings of your bank manager. She doesn't worry about yours.

    * Put up with bad service and high fees.

    * Think changing banks is hard.

    * Stop looking around for a better deal.
    Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

    Comment


    • Has anyone been offered some good shaded rates lately?

      Comment


      • Originally posted by Eugene View Post
        Has anyone been offered some good shaded rates lately?
        Not sure what "Shaded" means ?

        But I am looking to fix 5 years for some certainty.
        What discounts are people are getting off the standard rates.
        Big difference out there with Westpac at 5.99 (5.75 special for lesss than 80% LVR ??), and then others up to 6.6.
        I am wondering what people are getting for 5 years, in the 500k, 1m regions.

        Comment


        • Thanks.
          'Shaded' means discounted.
          I saw 5.5 for 3 years 5.8 for 4 years with Westpac, so the 5.75 for 5 years looks great.
          I am looking at shorter rates, and like the look of Kiwibank's advertised 4.79 for six months. It would be nice to get a discounted version of that. Or a similar rate for one year.

          Comment


          • Originally posted by Bluekiwi View Post
            I am wondering what people are getting for 5 years, in the 500k, 1m regions.

            Me too....

            Comment


            • http://www.nzherald.co.nz/business/n...ectid=10866607

              "The relationship between the OCR and the exchange rate isn't a simple one. Lower interest rates can reduce pressure on the exchange rate but analysis of past OCR cuts in New Zealand shows a relatively weak statistical relationship," Wheeler said.
              I think I'm gonna fix some for 5 yrs at 5.75 as well...this new guy ain't gonna cut the OCR anytime soon. Bring back Alan, he would have cut by now.

              Throw your heart over the bar and your body will follow - Norman Vincent Peale

              Comment


              • Originally posted by nzfrazer View Post
                http://www.nzherald.co.nz/business/n...ectid=10866607



                I think I'm gonna fix some for 5 yrs at 5.75 as well...this new guy ain't gonna cut the OCR anytime soon. Bring back Alan, he would have cut by now.
                It's not seeming like a bad idea.

                I was hoping there was have been a reply from the other banks by now on these Wpac rates.

                Comment


                • Originally posted by nzfrazer View Post
                  Bring back Alan, he would have cut by now.
                  On any Ship, a Wheel is far more important than a Bollard.

                  I like the cut of this guys jib.

                  Comment


                  • Originally posted by speights boy View Post
                    On any Ship, a Wheel is far more important than a Bollard.

                    I like the cut of this guys jib.
                    Interesting tack
                    The mission of any business enterprise should include the aim to develop economic conditions rather than simply react to them.

                    Comment


                    • Originally posted by Austrokiwi View Post
                      Interesting tack
                      Can't decide whether that was a gibe or a gybe.

                      Comment


                      • Just don't keel over while deciding.
                        Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

                        Comment


                        • I mast point out the direness of these puns. Un-tiller I can think of better ones.

                          Comment


                          • Shiver-me-timbers, just hulled on tight
                            and no splicing the mainbrace, then.
                            Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

                            Comment


                            • We seem to be on a bit of a pun run.
                              The mission of any business enterprise should include the aim to develop economic conditions rather than simply react to them.

                              Comment


                              • this isn't very punny anymore.

                                Comment

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