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.

ANZ Interest Rates (Updated 1.12.07)

Schedule of interest rates released by ANZ Fiji are as follows :

• Business Index Rate - 11.00%;
• Residential Property Loan : Standard Variable Rate - 10.50%, 1 Year Fixed Rate - 8.50%;
• Investment Loan : Standard Variable Rate - 10.50%, 1 Year Fixed Rate - 8.50%;
• Personal Loans : Secured - 12.20%, Unsecured - 14.20%;
• Small Loans : Unsecured - 19.00%;
• Retail Term Deposits : 9 months to 1 year - 1.25%, 1 to 2 Years - 1.75%, 2 Years to 3 Years - 1.75%.

Interest rates are on a per annum basis and may be varied by ANZ without prior notice.

Bank of Baroda to introduce ATMs

The Bank of Baroda will introduce ATMs for the first time throughout its 8 branches Fiji wide by the 2nd week of January 2008. The bank is now calling for applications for ATM cards with the cards being offered free of charge. For more information, pls call the bank's Suva branch on telephone (679) 3311400.

Bank of Baroda Interest Rates (Updated 24.4.07)

Schedule of interest rates released by Bank of Baroda Fiji are as follows :

• Home Loan : 1 Year Fixed Rate - 9.00%; Thereafter - 11.00%;
• Retail Term Deposits : 9 months to 1 year - 1.50%, 1 Year to 1 Year 3 months - 4.25%, 1 Year 3 months to 3 Years - 4.00%.

Interest rates are on a per annum basis and may be varied by Bank of Baroda without prior notice.