House Prices

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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It is not the best out there for many businesses and property sector people. Sales are down across the board, our clients’ confidence is falling, and there is a lot of uncertainty.

Heartland Bank - Online	6.69
SBS FirstHome Combo	6.74
Wairarapa Building Society	6.95
Unity	6.99
Co-operative Bank - First Home Special	7.04
ICBC	7.05
China Construction Bank	7.09
BNZ - Classic	7.24
ASB Bank	7.24
ANZ Special	7.24
TSB Special	7.24

Unity First Home Buyer special	6.45
Heartland Bank - Online	6.45
TSB Special	6.75
Westpac Special	6.75
China Construction Bank	6.75
ASB Bank	6.75
ICBC	6.75
AIA - Go Home Loans	6.75
Kiwibank Special	6.79
Co-operative Bank - Owner Occ	6.79
ANZ Special	6.79

ASB Bank	6.39
Westpac Special	6.39
AIA - Go Home Loans	6.39
China Construction Bank	6.40
ICBC	6.49
SBS Bank Special	6.55
Kiwibank Special	6.55
BNZ - Classic	6.55
Co-operative Bank - Owner Occ	6.55
TSB Special	6.59
Kainga Ora	6.99

SBS FirstHome Combo	6.19
AIA - Back My Build	6.19
ANZ Blueprint to Build	7.39
Credit Union Auckland	7.70
ICBC	7.85
Heartland Bank - Online	7.99
Pepper Money Essential	8.29
Co-operative Bank - Owner Occ	8.40
Co-operative Bank - Standard	8.40
First Credit Union Standard	8.50
Kiwibank	8.50