May 12, 2020 at 6:01 PM

ANZ New Zealand and TSB New Zealand have now joined ASB Bank and Kiwibank in offering a sub 3% special fixed interest rate.

BUT....TSB Bank New Zealand are going all out by advertising an amazing special fix rate of 2.89% for 12 months, whilst ANZ New Zealand who are the biggest bank in the country have come down to 2.99% for the same fix rate term.

It will be very interesting to see how the remaining banks respond or whether some are considering to review what they have offered.

Here are the Special Fix Rate changes effective from today (12/05/2020):

TSB New Zealand

- 2.89% fixed for 12 months

ANZ New Zealand

- 2.99% fixed for 12 month

- 3.20% fixed for 18 months

- 3.25% fixed for 24 months

Check out how changes made today compare across the 8 banks below:

2.89% - TSB New Zealand
2.99% - ANZ New Zealand and Kiwibank
3.05% - ASB Bank and Westpac New Zealand
3.09% - BNZ and SBS Bank
3.25% - The Co-operative Bank NZ

3.05% - BNZ
3.20% - ANZ New Zealand
3.25% - ASB Bank
3.35% - TSB New Zealand and The Co-operative Bank NZ
3.39% - SBS Bank
Kiwibank and Westpac New Zealand do not currently advertise a special rate for this fix rate term
2.99% - ASB Bank
3.25% - ANZ New Zealand
3.35% - BNZ and TSB New Zealand and Westpac New Zealand
3.39% - SBS Bank and Kiwibank
3.45% - The Co-operative Bank NZ

*The rates shown above come with terms and conditions and are subject to change without notice.

We recommend that you check current rate details with us or the respective banks by clicking the links provided below.

Tags: home loan interest rates
Category: Home Loan Fix Rate Changes