We are concerned that Kiwi Term Deposits may be operating a scam.
It operates a website claiming to offer consumers a way to compare and find the best term deposit and bond rates in New Zealand. It states that investments are “fully insured and asset backed by provider”. However, no such scheme is currently offered in New Zealand.
We have seen an increase in victims of investment scams reporting that they have put their personal details into websites similar to Kiwi Term Deposits and have then been contacted by individuals purporting to be from well-known banking institutions such as Citibank or HSBC. We believe this website is a front, being used to collect personal information from New Zealanders, which then enables overseas scammers to contact them with fictitious investment opportunities.
We recommend New Zealanders exercise extreme caution when dealing with this website and not provide it with any personal information.
Entity name: Kiwi Term Deposits
Website: www.kiwitermdeposits.com
Email: [email protected]
