New Zealand passed a law on Thursday guaranteeing bank deposits up to NZ$100,000 ($60,770), a move it said would strengthen and protect its financial system. The Deposit Takers Bill will cover ...

TD Bank Group said Friday that its direct deposit system has been hit by technical issues that are preventing account holders from getting paid. “We’re aware of an issue causing delayed direct ...

Rates and rate curves ease lower and flatten for savers using term deposits. There seems little reason for banks to compete ...

A spokesperson for New Zealand's biggest bank, ANZ, said it stopped accepting over-the-counter deposits into someone else's account last year.

Interest.co.nz lists a number of non-bank deposit-takers on its saving page who are covered under this scheme. Many have returns higher than banks (eg General Finance, 5.4% for nine months).