The comment stream

Recent comments

Join the Interest community to be a registered commenter so you can:
- Edit your comments
- Avoid the CAPTCHA
- Vote on comments
Register Here

Already registered? log back in here ..

Forgotten your password? No problem! Click here

Finance sector jobs

Manager Operational Effectiveness and Assurance IT
Reporting to the Senior Manager Operational Risk Effectiveness and Assurance, the key focu...more
New Zealand
Financial Controller
Reporting to the Head of Finance - Retail and Business Bank the key focus of this role is ...more
New Zealand
Manager Finance Corporate Core - 12 Month Contract role
This role in consultation with the Financial Controller provides financial, strategic and ...more
New Zealand
IT Audit Manager - Internal Audit - Auckland
If you are motivated by the prospect of seeing the big picture, developing your team and m...more
New Zealand
efinancialcareers.com

Reader poll

Should you fix your mortgage now or stay floating?

Choices

ANZ-National cuts mortgage rates in line with other banks

Posted in News

ANZ and National Bank have cut their six month, three and four year rates. The new three year rates of 5.99% were brought in line with leading bank competitors after a cut of 36 basis points. For a full list of rates, see here.

The banks' six month rates were cut by 20 basis points to 5.79%, in line with Westpac. BNZ still leads that market with a special offer of 4.99%.

Four year rates were cut by 10 basis points to 6.40%, equal to Westpac's rate but still above 6.30% offered by ASB and 6.39% offered by BNZ.

The new rates will come into effect on March 3.

To see mortgage rates offered by financial institutions in New Zealand, click here.

We welcome your help to improve our coverage of this issue. Any examples or experiences to relate? Any links to other news, data or research to shed more light on this? Any insight or views on what might happen next or what should happen next? Any errors to correct?

We welcome your comments below. If you are not already registered, please register to comment in the box on the right or click on the "'Register" link at the bottom of the comments. Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making these comments.