It’s so often the case that, almost despite of how long you’ve been on holiday, after a couple of days back it feels like you were never away and that things haven’t changed. Having been back for a few days myself it really feels like we’ve simply continued where we left off in 2008.
The deposit guarantee still dominates a lot of people’s minds.
Is the Cash Advantage Fund covered yet? I know I said this before Xmas, but I see no reason why we won’t be receiving the approval for our application in a matter of days (perhaps the holidays are to blame for the delay).
Whilst I don’t want to steal the thunder from my lead article in the first edition of ActiveMoney for 2009, the other aspect many people are considering RE the deposit guarantee is what happens in Oct 2010, when the scheme expires? Where do I put my money then, and/or will I be able to get my hands on my money then depending upon what it’s been invested in?
Two years sounds like a long way away, but it’s only next year and we are already 4 months into the 24 month period. Keep an eye out for ActiveMoney in Feb!
One of the real highs we finished 2008 on was our BankaRate campaign whereby on a regular basis (weekly at present) we offer market-leading Term Deposits. We received a number of accolades in 2008 for BankaRate and already this year its’ take up is going from strength to strength. No sooner do we offer more Term Deposits than they are all snapped up even quicker than the previous tranche.
When you see articles like this one on TVNZ’s news site about how much Kiwi’s favour Term Deposits for their cash, and given the market-leading rates, it’s no wonder BankaRate has been a great success for our customers and us!
Best of luck for 2009 – it’s great to be back!