12 April 2024

NZ Compare Rates - Comparison site harvesting investor details

We are concerned that NZ Compare Rates may be operating a scam.  

It operates a website claiming to “compare New Zealand’s best investments”.  

The website states that investors can “invest up to $100k safely with the Depositor Compensation Scheme”. However, no such scheme is currently offered in New Zealand. 

The website prompts consumers to enter personal contact details and details of proposed investments into an online form.  

FMA believes this website is a front, used to collect personal information from New Zealanders, which then enables overseas scammers to contact them with fictitious term deposit investments.  

We recommend New Zealanders exercise extreme caution when dealing with this entity and not provide it with any personal information.


ENTITY NAME: NZ Compare Rates
WEBSITE: www.nzcomparerates.com
TELEPHONE: +61861506184, +61871303189
EMAIL: [email protected], [email protected], [email protected]