KiwiSaver providers are struggling to move savers out of the default funds despite a requirement by the Government to give people more information on their choices.

The lawyer heading up a legal fight against NZ's major banks over fees says he won't be throwing the towel in despite a ruling in favour of ANZ in Australia.

At least four banks have quietly dropped cash incentives aimed at wooing home loan customers.

Home loans became more affordable last month, with the typical home buyer saving $30 per week on mortgage repayments compared to December.

State-owned Kiwibank has posted a record interim profit of $71 million, and suggested it may commence dividend payments.

More interest rates have been cut following a week of competition by the country's biggest banks to attract house hunters and mortgage holders.

The shortlist for the 2015 Kiwibank New Zealander of the Year Award has been released this morning.

Kiwibank has raised its home loan and deposit interest rates this morning.

KiwiBank customers whose bank accounts were cleaned out by a maintenance glitch on Sunday will have a longer wait to be reimbursed.

A young solo mother was left with no money after a bank fault cleared her account and left her having to borrow money for her baby's nappies.

The latest deal from a New Zealand bank to lure in new customers with "free" money and zero fees comes with a warning tag from financial experts.

Government-owned Kiwibank is next in the gun for the group targeting banks in a lawsuit alleging they're charging unfair fees.

Low-deposit mortgages will not only be harder to get from the end of this month, but they will be a lot more expensive.

Kiwibank has hiked two of its fixed mortgage rates for people who have deposits of less than 20 per cent.

A man told police he had no idea how $5000 came to be deposited in his Kiwibank account but he had spent most of it, the Dunedin District Court heard yesterday.

Xero chairman Sam Knowles and chief operating officer Alastair Grigg have cashed in some of their shares, which have more than tripled in price in the past 12 months.

The Green Party wants to bolster Kiwibank's capital so it can "really take on the Aussie banks".

Kiwibank has today reduced its one-year home loan rate by 26 basis points and withdrawn a six-month special promotion.