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

Bond Offer: Infratil Ltd, 7.2 year & 10.2 year unsecured unsubordinated bond


  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:

NZ dollar edges higher as concerns over Saudi attack ease
UK trade minister pops up into Wgtn, promises 'better deal' for NZ ag exports
A2, Synlait shares climb as takeover bid revives optimism about Chinese appetite for milk
Primary sector export revenue seen down 0.5% in FY2020
Z, BP, Waitomo challenge ComCom claims on excess returns
Abano shares jump 10% on takeover speculation
Service sector activity eases in August but still expanding
Abano shares jump 10% on takeover speculation
Service sector activity eases in August but still expanding
ANALYSIS: Wealth management now wags the stock-broking dog

IRG See IRG research reports