Search results: David Cunningham

Most commentators are picking it'll be late 2024 (or worse, 2025) before interest rates start falling again — but the Chief, David Cunningham, reckons there's a strong case for the RBNZ to begin dropping rates much sooner.

According to bank economists, NZ’s latest inflation stats make it clear it’s far too soon think about dropping interest rates. But the Chief, David Cunningham, reckons the official numbers don’t paint an accurate picture of the situation.

Not all savings accounts are created equal, and it's worth knowing what all your options are so you can get set up with the one that best suits your savings goals. Here, we've pulled together a wrap-up of the different savings accounts available across New Zealand's main retail banks.

The Reserve Bank recently asked for feedback on a new set of lending restrictions - DTIs - it's looking to introduce later this year. Here's what the team at Squirrel had to say as part of our submission.

With NZ's latest inflation numbers out in late January, it looks like we're finally winning the battle — and we could see annual inflation come down relatively quickly in the coming months. So what would that mean for interest rates?

Heartland Bank has launched a brand-spanking new savings product — the Digital Saver account. And with a 5.00%p.a. interest rate, it sounds pretty good. But there’s something kind of weird about Heartland launching this new account — so what's the deal, and is there a catch?

New Zealand’s retail banks made $9.96 billion (yep, that’s with a ‘b’) of pre-tax profit in 2022. And while the banks are laughing all the way to the – well – bank, what most Kiwi don’t fully understand is how they’re making that money. (Spoiler alert: it's Kiwi that are losing out.)