As Bonus Bonds do not have a maturity date this means they do not meet in Bonus Bonds should register their holdings with ANZ online to. Forgotten Access Number? Please call or if overseas call +64 3 between am and pm on business days. Information on. We overview Bonus Bonds in NZ — background, how it works, draws, prizes, There are no fees charged, and your Bonds have no expiry date. In this article you're going to find out exactly how we used online tools to save $57,
General information and FAQs about Bonus Bonds
Oh, okay, put a couple of thousand in Bonus Bonds for the fun of it. But not the lot! Kids and Bonus Bonds Q: I am writing to ask about children saving with ANZ Bonus Bonds for their education when they reach university age, for example.
With the current unrest around the world, what are the risks involved with having their savings tied up in Bonus Bonds for the future? Our relatives have always gifted the children money for birthdays, etc, so they learn to save it, and they get excited when purchasing their Bonus Bonds, and also if they may win a small amount to reinvest.
Maybe they should all sign an agreement to give their siblings a portion! That's pretty unlikely, of course. And so is a scenario in which world unrest leads to a depletion in the kids' uni funds.
Diary Adjustments | ANZ Securities
So how safe is their money? Bonus Bonds are run by the Bonus Bonds Trust. It adds that, "Investments are subject to investment risk, including possible delays in repayment, and loss of income and principal invested. The money put into the bonds is conservatively invested in securities issued by the Government, some local authorities, New Zealand registered banks and some lower-risk corporates. In other words, there are no guarantees but your children's money seems to be pretty secure.
But, as stated above, if they win no prizes their buying power will decrease. Over a couple of decades, that's not to be ignored. I was reading your October 31 column and write to request that Mercer KiwiSaver be added to the list of providers that offer regular withdrawals in retirement. I've finally found room to squeeze your letter in. The list now reads: Buying a homeAbout 18 months ago, I wrote to you reporting on "the idiocy of my youth", which eventually saw me without a property of my own in my late 50s.
Your reply to me -- suggesting I could still buy an inexpensive home -- ended up setting me on a different track. As a cautious soul, I agreed to a fixed two-year mortgage, with an increased premium due to my "loan to value ratio". This timeframe gives me the opportunity to see how able I am to manage this new financial scenario.
Naturally, I have a hope that my fixed interest rate 5 per cent will reduce by 0. My settlement date is exactly one week before Christmas Day, and I can't think of a more exciting Christmas gift.
It just goes to show that what we think about money, mortgages and timeframes is not always correct, and it pays to get things checked out.
Hopefully, this might encourage other people in my circumstances and age bracket to have a rethink. I'm so pleased that I wrote to you. You set in motion a chain of events that have led to a very happy Christmas.
I shall definitely be raising a glass of Christmas cheer to you, Mary! And I'll raise a glass to you, with thanks for a heart-warming letter. I can picture you looking proudly around your new dwelling as you read this. Well done for making it happen. Just keep in mind that while your mortgage interest might drop as you pay down your loan, at some point all mortgage rates are likely to rise.
They're at unusually low levels these days, and it can't last forever. Then again, if you'd stayed renting, your landlord could have raised your rent, or kicked you out. You are now boss of your own domain. This is my last column.
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A big thanks to all the people who have written to me this year -- especially the many whose letters haven't made it into the column. It's still really helpful to hear from you. Hey everyone -- be careful, be kind and be thankful this Christmas for all the good stuff we New Zealanders enjoy. See you again in late January. You decide how often and how much.
In all instances, you'll need the bondholder name and number referred to as 'customer number' in some internet banking systems handy, as you must include the bondholder number in the 'Reference' field in the 'Payee details' section in the required format.
The bondholder number must always be in the following format: If the bondholder number starts with a '0' after xthen you must enter the '0', e.
You'll also be asked for a payee name and account number. To set up Automatic Payments for Bonus Bonds, you should use the following payee information: Bonus Bonds account information Name: Bonus Bonds Sales Account Number: Your Bonus Bonds are first eligible for the monthly prize draws when you have held them for one complete calendar month following their purchase date. Please note that your current personal details, prize payment preferences and signing instructions will apply to future purchases of Bonus Bonds.
How do I use Bill Payment by internet or phone banking? Bill Payments are useful for one-off purchases. They're also a handy way of purchasing Bonus Bonds as gifts for family and friends.Bonus Bonds Staff Stories
Simply enter their personal details and bondholder number. To set up a Bill Payment through phone banking, please phone your bank and they will set it up for you.
However, do ensure you have the bondholder name and number handy.