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Thread ID: 119592 2011-07-30 10:48:00 Which bank in NZ offers the highest fixed deposit rates? Question (15792) PC World Chat
Post ID Timestamp Content User
1220104 2011-08-07 23:43:00 www.assetfinance.co.nz

10.5% for a 2 year fixed deposit. Sounds amazing.

Anyone had experience with this company before?

Warning .... if it sounds TOO amazing ... it usually is.

I can give you 19.5% on a 10 year fixed term deposit ... just gimme all your money and relax ... :D
SP8's (9836)
1220105 2011-08-08 06:45:00 www.assetfinance.co.nz

10.5% for a 2 year fixed deposit. Sounds amazing.

Anyone had experience with this company before?

Well it's 2yr right that you can't access?
What happens if they fall over and you get queued up as one of the many ..

And they're probably not on the govt's gauranteed programme
Nomad (952)
1220106 2011-08-08 07:37:00 When shopping around for interest rates, let it be known to eack bank you approach , that this is what you are doing. Most will tell you that they will do their best to beat the opposition. Even if only by 0.1%, its better in your pocket.
Learn from recent history.
If you are getting an interst rate much better than the rest of the market, there is a much greater risk of default.
The Government Guarantees, all expire at the end of October this year.
HH
Happy Harry (321)
1220107 2011-08-08 08:10:00 Well I have not got a spare $100,000 to invest anyway. Snorkbox (15764)
1220108 2011-08-08 12:54:00 Well the minimum sum is just $500 and its only for 2 years. 1 year fixed deposit rate is 9.05% apparently.

Im not worried they will run off with my money because they are an established company. Its true they are not government guaranteed, but the chances of them going bankrupt in 1-2 years seems rather remote.

But i would feel safer if there is some sort of agency that can certify that they are a "real" investment company.
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