Kiwibank cuts one-year fixed rate

Kiwibank is cutting the interest on one of its fixed rate mortgages, possibly just for a fortnight, as a means of "testing the market".

The bank today said it was dropping its one-year home loan rate from 6.45% to 6.15%, matching the bank's floating rate.

"It has been some time since there have been any significant changes to interest rates, so Kiwibank is testing the market with a cut-rate one-year offer. We anticipate holding the rate until the end of the month," Kiwibank communications manager Bruce Thompson said today.

NZPA

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

PFI - Q3 Div & Upgraded FY25 Div Guidance, FY26 Div Guidance
AIA - Auckland Airport announces leadership team change
May 9th Morning Report
May 8th Morning Report
NZME Takeovers Panel determination
MNW - Commerce Commission clears the Contact Energy acquisition
May 7th Morning Report
General Capital Appoints New CFO
SUM - Summerset Considers Retail Bond Offer
SKC - Updated FY25 Full Year Earnings Guidance