Fin Coys up, banks down
Investment rate report: We're starting to see a greater number of changes to investment rates with banks and finance companies.
Monday, February 4th 2008, 9:10AM
Secondly, we saw some changes to finance company rates, with Asset Finance making the biggest increases.
For terms longer than a year it is offering rates from 11.45% right up to 13.45%.
The three, four and five-year terms are all over 13% and its two-year and 15 month rate sit at 12.25%.
Other finance companies to increase rates were Goldband Finance, Lombard and UDC.
UDC made small increases to some shorter terms and Lombard raised its one-year rate 20 basis points.
The banks have been quiet during the week with the main action being what we reported previously. That is, changes mainly in the one-year maturity heading lower.
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