June 04, 2020 at 10:14 AM

Today, The Co-Operative Bank New Zealand have reduced their 18month and 2 year fix rates.

Here are the changes to their Owner Occupied home loan fix rates: 


2.79% - 18 months

2.79% - 2 years

Check out how they compare by clicking HERE

If you're interested! Out of the 8 New Zealand Banks listed below, here is a list of who is offering the lowest advertised Special/ Owner Occupied Fix Rates as of 4th June 2020, 10.18am.

6 Months @ 2.79% - The Co-Operative Bank of New Zealand

12 Months @ 2.65% - Kiwibank

18 Months @ 2.79% - The Co-Operative Bank New Zealand and BNZ

24 Months @ 2.69% - BNZ, ASB and Westpac New Zealand

36 Months @ 2.79% - Westpac New Zealand

48 Months @ 2.99% - BNZ and Westpac New Zealand

60 Months @ 2.99% - BNZ and Westpac New Zealand

Can I ask for a rate with my own bank, if they are not advertising the lowest rate?

Please remember that the rates listed above are advertised, so there could be an opportunity to negotiate. There are a number of factors that will be considered by your bank:

- How long have you been with your bank?

- The equity or LVR position you currently have. i.e >20% equity in your home and/or 30% against your investment properties.

- The likelihood you are in a position to refinance if the rate offered is not to your expectation? e.g If you have other loans fixed and they are not due to expire for a period of time. They may believe you are not likely to move to another bank and pay break/ solicitor costs.

- Last and not least, the margins that they can operate in against each fix rate.

It pays to check with your bank or contact us to see if we can get you the rate you want - we do not charge a fee to negotiate on your behalf!

We recommend that you check current rate details with us or the respective banks by clicking the links provided below as the rates above can change without notice.

ANZ New Zealand
ASB Bank
The Co-Operative Bank NZ
SBS Bank
Westpac NZ

Tags: The Co-Operative Bank NZ home loan fix rates
Category: Home Loan Fix Rate Changes