NZ Best Rates
Flagged by Financial Markets Authority · New Zealand (NZL)
Official Warnings (1)
We are concerned that NZ Best Rates may be operating a scam.
Its 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 believe this website is a front, used to collect personal information from New Zealanders, which then enables overseas scammers to contact them with fictitious investment opportunities.
We have received a report of a victim who was contacted with a fake TSB term deposit investment offer, after entering personal details on the NZ Best Rates website.
This website states that investments up to $100K are safe as they are covered under the “Depositor Compensation Scheme”. No such scheme is currently offered in New Zealand.
We recommend New Zealanders exercise extreme caution when dealing with this website and not provide it with any personal information.
Entity name: NZ Best Rates
Associated name: BR2023
Website: www.nzbestrates.com
Telephone: +6498862573
Email: [email protected]
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This information is sourced from IOSCO I-SCAN and official financial regulators. Inclusion in this database does not necessarily mean the firm has committed fraud - it may indicate they are not authorized to operate in a specific jurisdiction. Always verify directly with the relevant regulator before making investment decisions.