The Depositor Compensation Scheme (DCS) covers you up to $100,000 if your deposit taker fails, when your money is held in DCS-protected accounts. The DCS is a government scheme that is funded by deposit takers and administered by the Reserve Bank of New Zealand – Te Pūtea Matua (RBNZ).

If a New Zealand deposit taker fails, the DCS provides depositors with compensation of up to $100,000. The DCS gives depositors confidence that their money is protected, adding to the stability of New Zealand’s financial system. Many other parts of the world offer similar protection to depositors.

Your money is automatically protected if it is in a DCS-covered account, such as:
• Transaction accounts
• Savings accounts
• Notice accounts
• Term deposits
From 1 July 2025, your deposit taker is required to have a list of DCS-covered deposits on their website. Check with your deposit taker if you are unsure whether your money is protected.
Some depositors are not eligible for the DCS, including government agencies.

Find out more at dcs.govt.nz

Some money is not protected by the DCS, including money held in:
• Bonds and other tradable products
• Managed investment schemes (including
KiwiSaver and other superannuation
schemes that are managed investment
schemes)
• Foreign currency accounts

There is no direct cost to you when you hold your money in DCS-protected accounts. The RBNZ will collect a levy from deposit takers to fund the DCS.

You don’t need to do anything to be protected by the DCS if your money is held in DCS-protected accounts. Cover automatically comes into place on 1 July 2025.

To read more about the scheme, visit the Reserve Bank of New Zealand website or download the RBNZ DCS explainer brochure

If you have any questions, feel free to contact our team at investment@generalfinance.co.nz or call us at 0800 500 602.

General Finance is a non-bank deposit taker, licensed by the Reserve Bank of New Zealand (RBNZ). General Finance takes deposits (secured term deposits) from the public and it lends these funds to borrowers secured by a first registered mortgage(s) over the property.

When you invest in a General Finance secured term deposit you deposit a specific amount of money for a fixed period at a fixed interest rate. This allows you to earn a stable return over the agreed period.

General Finance is a non-bank deposit taker, licensed by the Reserve Bank of New Zealand (RBNZ). General Finance takes deposits (secured term deposits) from the public and it lends these funds to borrowers secured by a first registered mortgage(s) over the property.

Yes, General Finance has a credit rating of BB with a stable outlook, as provided by international NYSE listed company Equifax Australasia Credit Ratings Pty Ltd (“Equifax”). This rating reflects the assessment of the company’s creditworthiness and stability.

No, The contract is fixed term. There is no ability to redeem before the maturity of your secured term deposit. You can only request an early repayment of your money in circumstances where you are facing significant financial hardship. We are under no obligation to repay secured term deposits early. Any decision to repay early is solely at our discretion. Please refer to page 9 of our Product Disclosure Statement for more information.

General Finance sends notifications to customers one month before the maturity date. This communication allows customers to make informed decisions about renewing, withdrawing, or reinvesting their funds.

General Finance offers benefits for customers with multiple term deposits, such as preferential interest rates or additional benefits. You should contact us and ask about any special offers for multiple deposits when you are thinking about your next deposit or reinvestment.

General Finance has a minimum of $2,000 per investment for term deposits. There is no maximum subject to our approval.

The interest rate on term deposits with General Finance is based on various factors, including market conditions and the company’s policies. It’s fixed at the time of opening the deposit and remains constant throughout the agreed term.

• General Finance is a non-bank deposit taker, licensed by the Reserve Bank of New Zealand (RBNZ). We are also subject to the Financial Markets Conduct Act 2013 which requires us to have a trust deed and be supervised by an independent Trustee.
• The trust deed contains requirements designed to ensure the affairs of General Finance are managed prudently, and often include provisions relating to maximum exposure concentration, minimum capital, and liquidity requirements.
• Trust deeds provide protection to depositors and investors, whereby the Trustee supervises General Finance’s compliance with the terms of the trust deed on behalf of depositors and investors and has the capacity to take action where those terms are breached or threaten to be breached.

General Finance only offers secured term deposits. We do not offer variable term deposits.

Secured term deposits are subject to supervision by the Trustee under the trust deed who would work with General Finance to address any financial difficulties on behalf of depositors and investors. There is also a security over the whole of General Finance’s assets, including cash, loans, fixed assets, and other sundry assets. This further protects the investors.

All investors should review the Product Disclosure Statement before making a decision.

General Finance has a credit rating of BB with a stable outlook provided by Equifax and is defined as being near prime with low to moderate risk.

Investors should consider this investment against other similar investments and consider which is best for them. We recommend any similar investments are licensed by the RBNZ and that they have a credit rating.

General Finance offers the option to receive interest payouts at regular intervals, e.g. monthly, quarterly, etc. This will provide a steady income stream rather than waiting for a lump sum at maturity. Check with us for specific interest payout options.

Yes. General Finance does offer bonus interest rates for long-term customers. Enquire with General Finance about this benefit. Also, if you are a shareholder of General Capital Limited, the NZX-listed company that owns General Finance, you are entitled to a bonus on your interest rate.

Yes. General Finance Limited offers fillable application forms download option, you can download the form then complete it and send it back to us by email.

Click here https://generalfinance.co.nz/GeneralFinancePDS.pdf

• The website is always up to date. You can check it anytime.
• We send regular updates to you
• We are always available to talk during business hours.

No. Ethical or sustainable investing is becoming more popular. Check with General Finance to see if they offer any term deposit options aligned with ethical or sustainable investment principles in the future.

General Finance will provide periodic payment advice, or compound interest advice will be sent to you by the registry (Computershare).

Yes. While premature withdrawals may be allowed under certain conditions, General Finance will impose break fees.

• Interest rates can be subject to change based on market conditions. This is normally associated with an economic event e.g. an interest rate review by the RBNZ or a budget announcement etc.
• All deposits that have commenced will remain at their current rates. Interest rates may change for new investments.

No, You can buy shares in General Capital which is listed on the NZX and is the owner of General Finance. If you do buy shares in General Capital please let us know and we can offer you the higher rate at the start of your next investment.

You can buy through any Investment Adviser who offers you the service or through Sharesies etc.

Contact us if you would like a referral.

Yes. Make sure you understand the investment you are making. Make sure you are clear about who is involved and what the funds are being used for.

This is your money. You should understand the business you are putting the funds into.

No, Make sure you get a good rate but rates are always an indicator of risk. The highest rate will generally have the highest risk. Be careful. Think about the investment.