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A scam offering fake term deposits using the name of Kiwibank is targeting New Zealanders.

We are concerned that Investing New Zealand may be operating a scam. It operates a website claiming to compare term deposit rates which states it offers “deposit protection up to $100,000 NZD per investment”, however no such scheme is currently offered in New Zealand.

A scam offering fake term deposits using the name of Co-operative Bank is targeting New Zealanders.

We are concerned that NZ Best Rates may be operating a scam. NZ Best Rates's website claims to offer a way to compare and find the best term deposit rates in New Zealand, while also providing information on choosing term deposits.

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 are concerned that Rates Finder may be operating a scam. Titan Solutions Limited operates a website claiming to find the best term deposit savings rates in New Zealand.

Compare Fixed Term Deposits (CFTD) operates a website claiming to offer consumers a way to compare all registered and regulated fixed income investments in New Zealand and find the highest rates. FMA are concerned this may be a scam.