Laiki lifts deposit rates

Lenders are notifying increases to interest rates, though so far it is mainly niche and non-bank lenders that are raising rates, and in all cases by 0.25 percentage points. National Australia Bank is the only major bank to notify the timing of rises in home loan interest rates, which will apply from May 8. St george Bank said it would raise rates from May 5. Laiki Bank is the only bank to notify increases in deposit interest rates so far.