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Thread: Interest Rates

  1. #5901
    Join Date
    Oct 2013
    Posts
    1,637

    Default

    Quote Originally Posted by Bluekiwi View Post
    Can I ask what floating rates people are getting for revolving credits ?
    I have large accounts with ASB and BNZ which dip up and down depending on what I am doing.

    I have a gut feeling that I am being charged more than I should.
    Pretty sure everyone is.

    I'm paying 4.45% for my ANZ Flexi and 4.8% for my ASB Orbit. Though in practice I'm not paying much at all because they're mostly full.

    What are you on?
    AAT Accounting Services - Property Specialist Accounting - AATAccounting.co.nz
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  2. #5902
    Join Date
    Dec 2008
    Posts
    162

    Default

    BNZ offer.
    300k loan
    -0.1% off any fixed rate (e.g. 3.35 classic 2y)
    $1000 cash back.

  3. #5903
    Join Date
    May 2008
    Location
    Torbay, Auckland
    Posts
    3,910

    Default

    Interesting mix:

    I am 4.95% BNZ total money so .35% below carded and yet not as good as "Learning" at 4.39%
    But I am 4.6% ASB so .6% below carded but better than "Anthony Cat" on 4.8%

    I just thought about this after going to the Robert Kiyasaki talk yesterday and listening to some finance guy talk.
    And I saw a comment somewhere on here, about something getting his "normal 1% below carded rate" - unless I was dreaming.

    This is a great thread gentlemen, to learn, and then use such info, to bargain with banks for better rates.
    As I head yesterday day "The ausie banks are ****ing us over here in NZ, we are bending over to be rodgered"
    Paul Magill B.com
    Bluekiwi Property Consulting

  4. #5904
    Join Date
    Dec 2008
    Posts
    162

    Default

    My Totalmoney floating rate is 4.30%.

  5. #5905
    Join Date
    Sep 2004
    Location
    Hastings
    Posts
    15,015

    Default Re-Appearing Nose-Dived Predictions

    Quote Originally Posted by Judge View Post
    21 Nov 2016
    Interest rates are going up very fast. At the moment only the long term, but if you do not lock long term now, once the short term rates start going up it will be too late to lock long term it will be too high. So its reasonably safe to assume that interest rates will only go up.
    Quote Originally Posted by Perry View Post
    Interest rates to rise 'significantly', house prices fall, economist says
    16 Nov 2018
    Westpac chief economist Dominick Stephens.
    <sigh> When will these self-appointed pundits give up?

    Never! Never, I say.
    Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

  6. #5906
    Join Date
    May 2008
    Location
    Torbay, Auckland
    Posts
    3,910

    Default

    Westpac wildly jump back and forwards with their predictions.
    One that caught me out from them was that in 2003 the property market in Auckland was going into a slump.
    I had been caught out in 1997 so was cautious and believed them.

    Instead Auckland house prices pretty much doubled from 2002 to late 2006.
    Paul Magill B.com
    Bluekiwi Property Consulting

  7. #5907
    Join Date
    Sep 2004
    Location
    Hastings
    Posts
    15,015

    Default

    Sounds a bit like Davo's experience, in listening to those who think they know better. (Or best.)

    They don't.

    That's all there is to it - plain and simple.

    Listen to and respond / react to the pundits at your peril.

    Your 'gut feeling' has as much - if not more - relevance than the over-qualified arrogance of an assortment of tertiary qualified and the little-to-no real life experience-of-worth of the so-called pundits.
    Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

  8. #5908
    Join Date
    Jun 2004
    Posts
    10,447

    Default

    Quote Originally Posted by Bluekiwi View Post
    Westpac wildly jump back and forwards with their predictions.
    One that caught me out from them was that in 2003 the property market in Auckland was going into a slump.
    I had been caught out in 1997 so was cautious and believed them.

    Instead Auckland house prices pretty much doubled from 2002 to late 2006.
    More fool you.
    I just add what they say to the fabric of information I have from many sources then decide for myself.
    I prefer if they give reasons for their opinion and weight their view on the validity I see in their reasons.
    To just follow advice is silly at best.

  9. #5909
    Join Date
    May 2008
    Location
    Torbay, Auckland
    Posts
    3,910

    Default

    I agree 100%

    I was burnt once twice shy
    Paul Magill B.com
    Bluekiwi Property Consulting

  10. #5910
    Join Date
    Sep 2004
    Location
    Hastings
    Posts
    15,015

    Default

    Quote Originally Posted by GLin View Post
    It's a signal the whole economy is going down south. Expect redundancies from NZ companies to accelerate.
    How's that prediction looking, some seven months later?
    Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!


 

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