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Credit ratings worth noting

Q: My wife 64, and I, 60, have always had a conservative approach to financial matters and although we did dabble with WiNZ, TENZ and BIL (and similar) some years ago, and did exit these with a profit, we think that sharemarket investments carry too much risk for us.

Consequently, we find ourselves with bank term deposits of about $35,000 and an investment with Fisher & Paykel

Sunday, September 19th 2004

Finance (Secured 1st Ranking Debenture Stock) of $60,000.

F&P Finance pays a higher rate of interest (presumably reflecting a higher risk) than our bank term deposits, but we feel that given the pedigree of the company, and the areas in which they say they apply the funds, the actual risk is probably only a little greater than that of bank term deposits.

Despite this optimism, we find ourselves reluctant to increase our exposure to F&P.

Our question is: how, from the multitude of fixed-interest offerings, do we determine which have a risk profile that is similar to our perception of that of F&P Finance?

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Top Mortgage Rates

SBS FirstHome Combo 4.29
Unity First Home Buyer special 4.29
Co-operative Bank - First Home Special 4.85
China Construction Bank 4.85
ICBC 4.85
TSB Special 4.89
Kiwibank Special 4.89
ASB Bank 4.89
Westpac Special 4.89
BNZ - Std 4.89
AIA - Go Home Loans 4.89
Nelson Building Society 4.93
ICBC 4.95
SBS Bank Special 4.95
China Construction Bank 4.95
Wairarapa Building Society 4.95
TSB Special 4.95
ANZ Special 4.95
ASB Bank 4.95
Kainga Ora 4.95
Westpac Special 4.95
AIA - Go Home Loans 4.95
SBS Bank Special 5.39
Westpac Special 5.39
ICBC 5.39
Co-operative Bank - Owner Occ 5.59
BNZ - Std 5.59
BNZ - Classic 5.59
AIA - Go Home Loans 5.59
ASB Bank 5.59
Kainga Ora 5.69
Kiwibank Special 5.79
ANZ 5.79
SBS Construction lending for FHB 3.94
AIA - Back My Build 4.44
CFML 321 Loans 4.99
Co-operative Bank - Owner Occ 5.95
Co-operative Bank - Standard 5.95
Heartland Bank - Online 5.99
Pepper Money Prime 6.29
Kiwibank - Offset 6.35
Kiwibank 6.35
TSB Special 6.39
ASB Bank 6.44

Full Rates Table

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