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Mark Hampton

With interest rates so low, are your savings going backwards?

Written by Mark Hampton With interest rates so low, are your savings going backwards? With interest rates at record lows and set to stay that way for the foreseeable future (RBNZ Governor Adrian Orr has recently said he expects them to hold steady until at least 2021), many New Zealanders may not be getting the returns required to fund their retirement. At the time of writing one of the big four banks is offering customers 2.10% pa on funds held...
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