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Term Deposit Rates on the Rise | Auckland News
Term deposit rates are surging—up from 3.5% to 4.17% for two-year terms and nearly 4.7% for five years—with banks like BNZ and Bank of China adjusting their offers in response. Shorter terms are lagging, but the official cash rate’s recent bounce to 2.5% hints at more hikes ahead. Experts debate whether these trends will continue, especially as global rates and inflation fears add uncertainty. For those saving for big purchases like a home, accessibility may trump yield—because when it matters most, your money needs to be ready to move. Listen in comfort:Get a discount on a Soli Pillow…
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