BNZ has ended its 5.25% "Classic" 18-month fixed-term home loan offer, which was the lowest advertised interest rate for this time period from a bank.
BNZ introduced the rate on October 1, undercutting other banks' advertised 18-month rates.
With the removal of the rate for its "Classic" product, BNZ still, however, has an 18-month advertised rate being its 5.70% "GlobalPlus" offering.
Other banks with 18-month rates include Westpac with 5.40%, ASB with 5.45%, and sister banks ANZ and National with 5.49%.
See all advertised bank mortgage rates here.
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