RNZ Radio 25 January 2024
Which bank for your term deposits? — we look at rates and riskiness
– Who pays highest interest over time?
– Chances of a bank failing
– What happens now if a bank fails?
– Deposit guarantee coming next year
Which bank for your term deposits? — we look at rates and riskiness
– Who pays highest interest over time?
– Chances of a bank failing
– What happens now if a bank fails?
– Deposit guarantee coming next year
Biggest personal finance story of 2023: High interest rates
– Mortgage rates too high? What you can do about it
– Term deposit rates high. Shop around.
– Effect on house prices
– How bank profits are affected.
– Conclusion: winners and losers swap places
Q&As:
– Do fund managers “do nothing but take fees”?
– A good alternative to KiwiSaver hardship withdrawals
– Switching to a cheaper rental property has its pluses
– Control inflation by raising KiwiSaver contributions?
Q&As:
– Time to get braver with KiwiSaver
– Good to raise fund risk level
– More on cutting funeral costs
– A trick to get around probate issues?
– Employees’ KiwiSaver money gets to provider much quicker now
– Why employer and employee KiwiSaver contributions differ
How to boost your saving
– Open separate account
– Set a goal
– Pay yourself first
– Start small
– Play mind games
– When expenses or taxes decrease…
– Inheritances and wins
– The pay rise promise
Q&As:
– Help for low-income people in rundown house…
– … And for woman with inheritance
– … And for reader with lousy luck
– Lend rather than give money to offspring to buy a home
– Letters about banking headed for Commerce Commission
Q&As:
– Widow needs help with coping with son’s selfishness
– Scam text from “IRD” looks genuine
– Reader annoyed at having to phone bank to get better rate
– A warning for people changing banks
– Parents invest kids’ inheritances in a rental …
– … But did they follow the law?
Q&As:
– Term deposit website worries me
– Not easy to invest for teens without their knowing
– Clever idea for helping your child into their first home
– Readers’ stories about switching to smaller banks
Q&As:
– Where can 16-year-old get term deposit in their own name?
– The perils of guaranteeing an adult child’s mortgage
– Budget adviser likes reverse mortgages
– Colourful quotes from Bernard Baruch
Plus:
– Your story about switching banks
Q&As:
– KiwiSaver provider’s ad looks like cherry picking to me
– Retired couple should sell their rental property
– You can repay reverse mortgages any time
– Reader takes note of bank credit ratings when choosing term deposits
– A reader’s story: Surviving Covid jitters, and upping KiwiSaver and mortgage payments