RATE OF INTEREST
AUCKLAND SAVINGS BANK. INCREASE DECIDED ON. (Per United Press Association.) Auckland, June 4. A decision to raise the rate of interest on deposits, from 4J per cent, to 4J per cent, was made by the trustees of the Auckland Savings Bank to-day. The change will operate from July 7. “The idea of the increase is to give depositors some share in the profits the bank is making,” said the manager, Mr Clem Bartly. He added that the rate of 4i per cent, had been given from February 7, 1927, to April 1, 1929, when the rate was reduced to 4} per cent. The rate had continued at that level until the present time.
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Southland Times, Issue 21101, 5 June 1930, Page 5
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116RATE OF INTEREST Southland Times, Issue 21101, 5 June 1930, Page 5
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