No Change in Westpac Interest Rates

Westpac Banking Corporation's interest rates (effective 2.6.09) have been posted on this blog.

One can note that there has been no change to the bank's rates from those that were published a month earlier.

Of the three banks, ANZ, Westpac and Colonial National Bank (CNB), CNB has the lowest business banking index rate and lowest housing loan interest rates.

Housing loan interest rates are around the same levels for the other two banks, ANZ and Westpac.

With regard to deposit rates, Westpac and CNB pay similar interest rates for shorter term deposits while ANZ pays slightly lower than them. Deposit rates for the three banks converge at around 4% for terms from 2 years.

We do not have information for the two smaller banks, Bank South Pacific, and Bank of Baroda.

Note : For investment advice and portfolio management, pls call our office on telephone (679) 3342719 or email info@gilbert.com.fj.