The New Zealand dollar is overvalued by between 5 and 15 per cent, the International Monetary Fund reckons.

Kiwibank customers have until tonight to sign up to class-action style litigation over allegedly "unfair penalty" fees.

Commerce Minister Craig Foss has beefed up the number of KiwiSaver default providers that members are automatically enrolled into when they sign up.

Secure safes at teller stations to increase security, a new intelligent ATM and a "live wall" of 15 55-inch television screens showing a digital panorama for waiting customers are some of the features of the ANZ's biggest branch makeover.

A lawyer taking action against the big banks over penalty fees says he will now try to stretch the claims back decades rather than work with the six-year statutory limit.

BNZ has increased its mortgage rates today leaving Westpac as the last major bank yet to make a move in the wake of the official cash rate rise.

Adjusting peoples' retirement savings for inflation has dented the confidence of those putting a nest egg aside, an ANZ survey has found.

Many businesses think the raising of the official cash rate by the Reserve Bank was precipitate.

KiwiSaver fees can make a real difference to the return you get, particularly on accounts with low balances.