NBR Rich Lister launches investment website
Sir Eion Edgar announces launch of new 'investment auction' website.
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Infrastructure
NBR Rich Lister Sir Eion Edgar has announced the launch of a new website where banks bid for your business.
He says Investit is a tool that helps you find, compare and apply for New Zealand's best term deposits, PIE funds, on call accounts and bank and corporate bonds, all online and at any time of the day.
"We believe that we could all get a much better deal if we simply looked outside the confines of our existing bank to find the best rate – deposits can be treated as a commodity just like anything else we purchase – it’s just that our banks don’t want us to treat them like that," Sir Eion says.
"Our calculation of the cost to each of us of not doing that is substantial. The big four Australasian bank’s didn’t make $A22 billion in profits last year by being generous to depositors!"
For example, a rate offered by Rabo (AAA) provided extra revenue of $3200 on a two year $100,000 deposit compared to the rates offered by the big fourAustralasian Banks (rated AA).
"Until now, not only searching for, but getting a deposit from a bank other than one we had an existing account with has taken a large amount of time and effort - but now, Investit makes shopping around to get the best rate quick and easy."
Niko Kloeten
Fri, 09 Sep 2011
Fri, 09 Sep 2011
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NBR Rich Lister launches investment website
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