So-called mum and dad investors are being warned that the bank is the safest bet for investing as yet another finance company moves into the red.
Lombard Finance on Thursday suspended payment of capital and interest to investors, blaming the sinking property market.
The company owes $127 million and is the latest of a growing number of finance companies to get into trouble.
Interest.co.nz managing director Bernard Hickey says putting money into the bank is a safer option given then current financial climate.
He says he would not put his money into a risky finance company but the trouble is many people can't tell just how risky the companies are.
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