Banking & Insurance - December 19th How Much Interest Could You Earn on $1 Million? The answer to our question depends on how you choose to save or invest that money, and for how long. In this article, we look at how much interest you could earn on $1 million …
Savings Accounts - December 10th Term Deposits: What is Laddering and How Does it Work What is laddering? Laddering is a strategy that involves an investor dividing their total investment sum and investing each part in separate term deposits with different maturity dates. Each deposit represents a "rung" on the ladder, …
Banking & Insurance - August 11th What is PAYE Tax? What is PAYE? PAYE stands for Pay As You Earn. It's used to collect income tax and an ACC levy from an employee's salary or wages. The PAYE system ensures that income tax is deducted from …
Banking & Insurance - August 3rd PIE Funds vs Term Deposits If you pay a top tax rate and are considering placing a sum in a term deposit, you could maximise your returns by investing in a PIE fund instead. What is a PIE fund? PIE stands for …
Banking & Insurance - May 1st Best Rates: Savings Accounts Vs Term Deposits Over recent months, for both borrowers and savers, we’ve seen long-term interest rates fall slightly as shorter-term rates have continued to nudge higher. And, as a result, some savings accounts are now offering bonus interest …
Banking & Insurance - December 1st What Happens If You Withdraw a Term Deposit Early? Term deposit investment periods are set in stone, from a few months to several years. But that doesn't mean that you can't get your money back early. Canstar looks at what happens if you want …
Banking & Insurance - July 21st Could Savings be (Nearly) Back in Vogue? During this era of low interest rates, savings have been – to be blunt – a near waste of time. As the Official Cash Rate dropped, so did mortgage rates, deposit rates, and any incentive …
KiwiSaver Funds - March 22nd Smart Money Moves for Every Age Group Author: Nicola Field Life is filled with milestones, though achieving them can hinge on having the necessary financial resources. The good news is that it’s never too early, or too late, to use smart money management …
Savings Accounts - April 21st Cash, Property, Shares, or Bonds? An Easy Guide to Investing Securing your financial future requires more than just keeping your money somewhere safe. If your regular cash flow leaves you with enough resources to set some aside each month, choose investment as the smarter, more …
Term Deposits - February 17th How do term deposits compare to on-call savings accounts? There are a multitude of benefits to both term deposits and on-call accounts - the question is, which choice can you benefit from the most? We look at the pros and cons of both term …
