Term deposits battle heats up as mortgage wars cool
Competition among banks for term deposits has stiffened as smaller banks increase their market shares. With special feature audio.
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Hawke’s Bay
Mortgage market wars have cooled lately and the battleground has shifted to term deposits.
That’s left room for the smaller, locally-owned mortgage lending banks to grow their mortgage books at faster than their market share.
SBS chief financial officer Tim Loan says the major banks are now
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Jenny Ruth
Tue, 06 Sep 2016
Tue, 06 Sep 2016
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Term deposits battle heats up as mortgage wars cool
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