https://www.ohbaby.co.nz/forum/ Copyright (c) 2006-2013 Web Wiz Forums - All Rights Reserved. Tue, 07 Apr 2026 01:51:25 +0000 Mon, 28 May 2007 18:56:37 +0000 http://blogs.law.harvard.edu/tech/rss Web Wiz Forums 12.05 360 https://www.ohbaby.co.nz/forum/RSS_post_feed.asp?TID=7819 https://www.ohbaby.co.nz/forum/forum_images/web_wiz_forums.png https://www.ohbaby.co.nz/forum/ https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=7819&PID=151801&title=banks#151801 Author: emz
Subject: 7819
Posted: 28 May 2007 at 6:56pm

I wouldn't go with any finance co IMHO! The market has gone steadily downhill in the last year or so, think Provincial (big firm - I know someone who worked there and it was a nightmare), Western Bay Finance etc. The safer the better these days I reckon. But that's just me, I would rather come out even or have a little interest. Have you thought about a trust account? A law firm we had money in had a 9% rate I think, and you could access it whenever.]]> Mon, 28 May 2007 18:56:37 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=7819&PID=151801&title=banks#151801 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=7819&PID=151741&title=banks#151741 Author: sparkle
Subject: 7819
Posted: 28 May 2007 at 5:09pm

Well, I've just depostited it into a high interest savings account for now at 7.5%. Hopefully it will earn a little bit of interest while I make up my mind!

Thanks for the info ladies! ]]> Mon, 28 May 2007 17:09:28 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=7819&PID=151741&title=banks#151741 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=7819&PID=151506&title=banks#151506 Author: kebakat
Subject: 7819
Posted: 28 May 2007 at 10:52am

Yeah we aren't going with a random finance company for our investment. We will go with one that is big and has been around for quite a while.]]> Mon, 28 May 2007 10:52:03 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=7819&PID=151506&title=banks#151506 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=7819&PID=151504&title=banks#151504 Author: Jay_R
Subject: 7819
Posted: 28 May 2007 at 10:50am

Somewhere like Hanover finance have good investment options - at the moment I think it's up around 9.2%. I'd stear clear of the random finance companies though, as there have been a few horror stories of late re companies going belly up and people receiving the minimum payback from the receivers ($1500). ]]> Mon, 28 May 2007 10:50:35 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=7819&PID=151504&title=banks#151504 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=7819&PID=151412&title=banks#151412 Author: kebakat
Subject: 7819
Posted: 28 May 2007 at 8:09am

DH and I have done tons of research into this. We are going to end up going term deposit (probably 6 months rather than 12). But check around the banks as we found kiwi bank and rabo plus had the best rates when we checked them. But also DH has been looking at doing it with a finance company where we would get 9.9% interest.]]> Mon, 28 May 2007 08:09:47 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=7819&PID=151412&title=banks#151412 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=7819&PID=151367&title=banks#151367 Author: peanut butter
Subject: 7819
Posted: 27 May 2007 at 8:28pm

Check out www.raboplus.co.nz as their rates are really good. Yes you get taxed in both term deposits and savings account (and the government wonders why we are a country of poor savers). And yes, the tax rate is dependent on your normal tax rate so if you earn over $60,000 your taxed at 39c! Sucks!!!

Bonus bonds are tax free I think and you can now win a million but I'm not sure how often you do win.]]> Sun, 27 May 2007 20:28:41 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=7819&PID=151367&title=banks#151367 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=7819&PID=151353&title=banks#151353 Author: AlyAyde
Subject: 7819
Posted: 27 May 2007 at 8:02pm

Savings accounts get taxed as well! If you were investing a large amount of money ie over 200,000 then it would work out much better to put in a term deposit. But for small amounts of money there wont be a huge amount of diffrence in the balance at the end of the day. And if you want to have the reassurance of being able to access your money in an emergency its probably worth leaving it in your normal savings account.   

re the tax thing you get taxed on your current tax rate for your earnings.

Bonus bonds is something you dont get taxed on, BUT their returns work out to be equivilent of 4%. But it is fun thinking you might win $500000]]> Sun, 27 May 2007 20:02:35 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=7819&PID=151353&title=banks#151353 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=7819&PID=151344&title=banks#151344 Author: sparkle
Subject: 7819
Posted: 27 May 2007 at 7:46pm

Just wondering if anyone knows some info about banks?

I'm looking at investing a little bit of money. But can't decide if I should do 8.15% for 12 months or just our on line savings account which is 7.5% and I could access it at anytime (not that I would).

From what I can gather, term investments get taxed, so on the amount I have I would only make about $850 in the year after they'd take the tax off.

Do savings accounts get taxed?

Have to go into the bank tomorrow anyway, but thought I'd see if anyone was anymore wiser than me! (and I'm sure there is!!!!)]]> Sun, 27 May 2007 19:46:32 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=7819&PID=151344&title=banks#151344