Originally posted by JBM
View Post
Announcement
Collapse
No announcement yet.
Interest Rates
Collapse
X
-
Originally posted by Bluekiwi View PostI have 2.1m coming off fixed in 2/20 and 5/20, am at 50% LVR, so reckon that could be good timing.
I am considering either another short term fix for one year, or go long at 5 years if I get a sub 4% rate.
Need a crystal ball to predict what rates will be when I come out the other end in 2021 or 2026.
But I the reason I am looking at 5 years, is to avoid the impact of the RBNZ capital requirements, which could start affecting rates come 2021 / 2022 - maybe ?
Comment
-
I see now why banks have kept floating rates and revolving credit rates so high
Their long game plan was when OCR gets slashed, they make pitiful changes to fixed rates, and instead chop off .5 off those rates instead.
Of course those floating rates should have lower a long time ago, so great strategy on their part.
Comment
-
Apparently this happened in Ausie and the media over there picked it up and made a big stink, and all the publicity made them change fixed rates as well.
Our media not so smart ????
How low will depositors go is the question.
I think my parents just got 3.2% which I actually thought was pretty good.
Will depositors take 2 or 2.5% ??
Where can they go if they don't.
Comment
-
I would be interested to see what the best 1 year rate is that people are getting from now on.
Carded rates being around the 3.85% for 1 year and 3.75% for 2 years.
Whether people are able to get discounts on the carded rates of the "usual" .4 and .5 we have seen on this thread.
And if they are getting 3.35% for 1 year ????
Comment
-
The depositors can invest in
1: Japanese Government bondsThe ten year Bond's rate in Japan fell as low as negative 0.215%
Wall Street journal August 7th 2019 page b13
Comment
Comment