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Bank offers 1.75 per cent deposit rate, but there's a catch

Bank offers 1.75 per cent deposit rate, but there s a catch
28 Feb, 2021 07:06 PM
3 minutes to read
For a long time deposit rates have only been moving in one direction - down, down and down.
But ASB bank has now bucked that trend to offer a 1.75 per cent interest rate. The only catch - savers have to lock in their money for five years to get it.
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ASB has lifted its five-year rate from 1 per cent and it is now much higher than the 0.9 per cent which the other main trading banks are offering.
According to Reserve Bank figures the average interest rate on five-year terms was 0.96 per cent in December, down from 2.64 per cent in December 2019 and 3.81 per cent in December 2018. ....

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Local Focus: Tauranga's new boss, Anne Tolley suggests she'll be back for a second go

Commission chair wants two cracks at Long-Term Plan. Made with funding from NZ On Air. ....

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California Dedicating $28 Million for 'Tens of Thousands' Asylum Seekers Biden Is Let

California Dedicating $28 Million for Tens of Thousands Asylum Seekers Biden Is Let
California Dedicating $28 Million for Tens of Thousands Asylum Seekers Biden Is Letting In
California is joining the Joe Biden administration in welcoming immigrants inside the country based on asylum claims. The state plans to dedicate up to $28 million to provide quarantine hotel rooms, medical care, and other services.
The California Department of Finance issued a memo on Thursday announcing the aid for foreigners, even as the states citizens and their jobs and businesses are suffering because of coronavirus restrictions.
The Department said it would make the money available to migrants entering through the San Ysidro port of entry near San Diego, California, where they will quarantine for seven to 10 days. ....

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Welcome To IANS Live - LatestNews - Two years of unlimited services and new JioPhone at Rs 1,999

A Jio statement said that under the first-of-its kind- offer in India, a new user would get a new JioPhone, unlimited voice calls for two years, unlimited data (2 GB per month) for two years and ther would be no requirement for recharge for two years.As p ....

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Welcome To IANS Live - BUSINESS - Two years of unlimited services and new JioPhone at Rs 1,999

A Jio statement said that under the first-of-its kind- offer in India, a new user would get a new JioPhone, unlimited voice calls for two years, unlimited data (2 GB per month) for two years and ther would be no requirement for recharge for two years.As p ....

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