What banks are doing with $213b in term deposits | nzherald.co.nz

This interview would have to be the most open and candid discussion I've ever had with a banking executive. Really appreciated ANZ being up for it. Interested to hear your thoughts! Madison

Banks love term deposits that are used for fractional banking which is very profitable for the bank.

What nonsense...everybody has their own reasons to invest. Tds are fine if they suit your lifestyle. Everyone wants to get the short term gains now. Its crazy....just because another option looks more lucrative does not mean you should take it. People have not learnt the lessons of long term investing. Most are speculators..thats fine if thats your thing. At the end of the day most just want a reasonable return. Not outstanding or stratospheric!

Wow money heads to fixed income investments rather than equities or other assets classes in a high interest rate environment. Unsure why this is surprising.

Another great clip, thanks.

Maybe I missed it, but she asked him if this 213b is subject to fractional lending allowing them to lend 10 times that amount, sounded like his answer was mortgages are a positive, and TDs are not...

Economic investigator Frank G Melbourne Australia is following this very informative content cheers Frank 😊

Great interviewing over broad financial interests relevant to kiwi 🎉

LOL they are crying to manage your funds. Use high interest rates while you can, then invest more in other things when they make sense.

I thought everyone was broke and starving! 213bln is quite a sizable amount in term deposit..

Is it legal to digitally deface the $20 note?

Just wondering if you have ever looked into the 18year housing cycle ? cheers love ya work 👍

How much do banks pass on people?

Good interview , should be taught in high schools for students in last year of school to set them up

P/e over valued on stock markets. Bitcoin made 100% last year. Term deposits have made sense for the cautious. But the money is largely unsecured

I suppose it shouldn't be too big of a surprise, considering there are 80 people a day retiring. NZ statistics are showing that by 2028, there will be 1 million New Zealanders over the age of 65. That's a lot of people looking to get some income base to add to their pension, in order to be able to do something in their twilight years. And a women needs to spread the 'kitty' to at least the expected 88 years of longevity, and a man's target age is a bit less. Look after the 'grey power' and they should be able to help fund the younger ones with funds for mortgages and business to keep the economy turning over. Good investment should give a good income and that 'profit' will be spent on entertainment and travel tours, mainly within NZ. Some will of course travel on those big cruise ships and that will not be as good for the internal economy. Swings and round-a-bouts as in most things in life.

Put 50 percent of everything you own into XRP swyftx crypto account and the other 50 percent into XLM wait for the top of the bullrun to finish cash out pay tax then live happily ever after

On behalf of the outdoor industry..... Yup the economy has fallen out of the sky 😭

Do the opposite to what this guy says

Btc fixes this