That's a probability of default of around one in 300 over five years. Our main banks – ANZ, ASB, BNZ and Westpac have an AA- rating. Let's take a closer look at ratings of New Zealand financial institutions.

I saw this quote from Stuff in 2019 and wasn't sure if this could mean the difference between having money at the end of the TD or having none at all. Is this something major to be concerned about given that the TD is only for a short period? I only need the money after about 10 months and the return seems decent rather then stashing it in a regular savings account, but I noticed that Heartland has a BBB rating while the big banks have a AA. They currently have a special 9 month rate for 1.5% compounded every 3 months. I was wondering on opinions with regards to putting money into a TD at Heartland bank. If you need to find a registered financial adviser, IFA have a search function here. Note: Nothing in this subreddit is licensed advice. Learn how to better manage your money and debt, how to save an emergency fund, and how to ensure your financial future is secure.īefore posting, check out the wiki to see if your question has already been answered! Totally confused when people start talking about their 401k, student loan interest, filing tax jointly, or any other terms that don't apply in New Zealand? /r/PersonalFinanceNZ is a spot to talk about savings and investments, KiwiSaver, debt management, home loans, student loans, insurance, and anything else you want to talk about. Subreddit Rules Subreddit Discord Message Moderators About

Heartland bank nz term deposit rates