Sharechat Logo

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

Thursday 9th May 2019

Text too small?

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



  General Finance Advertising    

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:

July 3rd Morning Report
ikeGPS Chief Financial Officer Transition
TWL - TradeWindow announces strategic partnership with FTA
BLT - Patent issue settled and new 5 year agreement with BSP
July 2nd Morning Report
July 1st Morning Report
June 27th Morning Report
SDL - FY2026 Earnings Guidance
PaySauce Director resigns for US-based role with NZTE
General Capital Releases 2025 Annual Report