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Kiwis are ditching term deposits with no end to low interest rates in sight
A further decline in interest rates on bank term deposits is causing more savers to consider alternative investments, the Financial Markets Authority says. The financial watchdog said a survey of 195 term-deposit holders last month suggested 43 per cent were likely to invest less in term deposits because of low interest rates. Of those who were considering changing their investment strategy, a quarter were considering shifting savings to managed funds or exchange traded funds, in search of better returns. Other options investors were considering included directly investing in shares or property, increasing their ... (full story)