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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

Unity First Home Buyer special 3.99
ICBC 4.25
SBS FirstHome Combo 4.29
Co-operative Bank - First Home Special 4.35
Co-operative Bank - Owner Occ 4.45
TSB Special 4.49
ANZ Special 4.49
ASB Bank 4.49
SBS Bank Special 4.49
Unity Special 4.49
Westpac Special 4.49
TSB Special 4.00
SBS Bank Special 4.49
Kainga Ora 4.49
Kiwibank Special 4.49
Nelson Building Society 4.59
ICBC 4.59
Unity Special 4.65
BNZ - Std 4.69
ANZ Special 4.69
Westpac Special 4.75
ASB Bank 4.75
SBS Bank Special 4.99
ICBC 4.99
Kainga Ora 5.15
Westpac Special 5.29
BNZ - Std 5.29
Kiwibank Special 5.39
TSB Special 5.39
ASB Bank 5.45
AIA - Go Home Loans 5.45
Co-operative Bank - Owner Occ 5.49
SBS Bank 5.59
SBS FirstHome Combo 3.29
AIA - Back My Build 3.34
SBS Construction lending for FHB 3.74
CFML 321 Loans 3.95
Co-operative Bank - Owner Occ 4.99
Co-operative Bank - Standard 4.99
Heartland Bank - Online 5.30
ICBC 5.39
Kiwibank - Offset 5.65
Kiwibank 5.65
ANZ 5.69

Full Rates Table

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