Sharechat Logo

Bigger returns or lower risk?

Friday 19th July 2024

Text too small?

Stability, safety nets & research mean investors can have both – General Finance.

These are little-known figures: 1.6 million New Zealand households held term deposits at the end of November last year* – 49 per cent more than the start of 2022 – with the average deposit nearly $89,000.

 

That is a rare bright spot in an otherwise static economic environment, says Brent King, managing director of NZ-listed financial services group General Capital, the owner of General Finance. Those lucky or careful enough to have some spare cash are investing for their future, he says, many with institutions like General Finance – a licensed non-bank deposit taker offering higher secured term deposit rates than the banks are offering.

 

For instance, a 12-month term deposit of $100,000 with General Finance at a 7.5 per cent interest will deliver a pre-tax yield of $7500. In comparison, the best interest rate on offer from the ‘big four’ banks, as of writing, is 6 per cent, yielding $5900-$6136 pre-tax on $100,000. The higher figure is a result of re-investing returns so the amount compounds quarterly.

read more:

 

 



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Contact secures gas supply
MCK - MARKET UPDATE ON RESPONSE TO CDLHHNZ TAKEOVER NOTICE
January 22nd Morning Report
ATM - 1H25 Results Announcement Date and Webcast Notification
MCK RECEIVES TAKEOVER OFFER FROM CDLHHNZ
PHL - Senior Manager Change
Steel & Tube 1H25 Interim Results to be announced on 24 Feb
January 20th Morning Report
KPG - Changes to the Kiwi Property Board
IKE - Timing of Quarterly Performance Update and Conference Call