General Capital (GEN:NZ) subsidiary considers interest rates after OCR change

Thursday 9th May 2019

General Finance Limited, the licensed Non-bank Deposit Taker and wholly owned subsidiary of General Capital Limited is in the process of reviewing the interest rates offered to the public on its Secured Term Deposits.

Mr. Brent King, Managing Director said, “Changes in the Official Cash Rate will always create a review. We will decide on the new rates shortly. The new rates will be effective for applications received after 1st June 2019.

We have deliberately delayed the introduction as we know that investors often take time to arrange funds for investment and we respect those investors who are currently working through the process.”

For further information contact Mr. Brent King to arrange a call.

Brent King

Managing Director

General Capital Limited

Brent.King@gencap.co.nz

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

NZ dollar rises against Aussie, Chinese yuan
Geothermal production drives record Eastland earnings, payout
RBNZ to announce final decision on bank capital rules by November
Licensing key to medicinal cannabis firm Cannasouth's ambitions
PwC says NZ banks would effectively hold 27.1% equity if RBNZ proposals are adopted
Terra Vitae says poor harvest to hit sales, earnings
Weak services sector growth raises concerns about NZ economic slowdown
National sticks to bob-each-way on US-China relations in new policy paper
Kiwi Property lifts annual profit 15% as valuations rise
Kiwi Property lifts annual profit 15% as valuations rise