A new case of COVID19 in the past five days in Auckland | NZ Market Update

  • May 22, 2020 NZST
  • Team Kalkine

Following ANZ chopping the rate on one-year fixed loans to 2.79 percent - a move that was quickly matched by Westpac - ASB Bank has announced an even lower fixed rate of 2.69 percent for two years.

An online research savings firm says KiwiSaver members who have recently changed funds are likely to miss out on $3.5 billion in retirement. In the quarter ending March, approximately 3.74 percent of members from KiwiSaver growth funds and 3.01 percent of KiwiSaver members in balanced funds switched into more conservative funds. This choice has the potential to reduce collective investment gains by up to $3.5 billion if members remain where they are, according to NationalCapital.co.nz.

The latest testing has uncovered one new case of COVID-19, the Ministry of Health said on Friday. It's the first new case in five days and is linked to the St Margaret's cluster in Auckland and is a household contact of an earlier case.

#NewZealand #COVID19 #

 


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