bank competition

The last of the big Aussie banks raises fixed home loan rates in this cycle, and some term deposit rates. But these changes are undistinguished from its main rivals

The last of the big Aussie banks raises fixed home loan rates in this cycle, and some term deposit rates. But these changes are undistinguished from its main rivals

A third bank moves to higher fixed mortgage rates, but a flatter set from two years fixed and longer. BNZ's move leaves a short window of opportunity to access currently lower ASB and Kiwibank home loan rates

A third bank moves to higher fixed mortgage rates, but a flatter set from two years fixed and longer. BNZ's move leaves a short window of opportunity to access currently lower ASB and Kiwibank home loan rates

ANZ follows Westpac with rate rises for fixed home loans, and in most cases, larger rises than Westpac made. ANZ also raises term deposit rates

ANZ follows Westpac with rate rises for fixed home loans, and in most cases, larger rises than Westpac made. ANZ also raises term deposit rates

The first crack in the dam appears with the Red Bank raising home loan and some term deposit rates in response to higher wholesale rate moves

The first crack in the dam appears with the Red Bank raising home loan and some term deposit rates in response to higher wholesale rate moves

Banks go into defensive mode on home loan rate offers as the winter season wraps around the housing market. Borrowers will have to sit tight and just take these levels, but those who can wait for spring will be hoping for more competitive offers then

Banks go into defensive mode on home loan rate offers as the winter season wraps around the housing market. Borrowers will have to sit tight and just take these levels, but those who can wait for spring will be hoping for more competitive offers then

Kiwibank shifts its rate card mostly lower with its two year fixed home loan rate now among the lowest of the big banks, even if the other terms aren't quite as competitive

Kiwibank shifts its rate card mostly lower with its two year fixed home loan rate now among the lowest of the big banks, even if the other terms aren't quite as competitive

More banks jockey for position on home loan rate levels, with BNZ now shifting rates both ways; up for shorter fixed terms, down for longer fixed terms

More banks jockey for position on home loan rate levels, with BNZ now shifting rates both ways; up for shorter fixed terms, down for longer fixed terms

Our largest mortgage lender reverses its early June home loan rate hikes - and cuts a wider range of term deposit rates at the same time

Our largest mortgage lender reverses its early June home loan rate hikes - and cuts a wider range of term deposit rates at the same time

The Red Bank heaps competitive pressure on ANZ by cutting some longer carded fixed rates, after ANZ raised all its fixed rates in early June

The Red Bank heaps competitive pressure on ANZ by cutting some longer carded fixed rates, after ANZ raised all its fixed rates in early June

By not following ANZ up, its main rivals have opened up a competitive mortgage pricing advantage. Will they take the extra margin and rise too, or the extra volume that lower prices can encourage?

By not following ANZ up, its main rivals have opened up a competitive mortgage pricing advantage. Will they take the extra margin and rise too, or the extra volume that lower prices can encourage?

Our largest bank increases all its fixed mortgage rates to levels equal to or above its main rivals. At the same time it has raised two term deposit rates but left all others unchanged

Our largest bank increases all its fixed mortgage rates to levels equal to or above its main rivals. At the same time it has raised two term deposit rates but left all others unchanged

Westpac stays competitive for its two year fixed mortgage rate, but increases for other fixed terms lessen that advantage unless you look at four and five year fixed rates

Westpac stays competitive for its two year fixed mortgage rate, but increases for other fixed terms lessen that advantage unless you look at four and five year fixed rates

BNZ moves some key fixed rates up, closing the gap to its main rivals. In the background, all the pressure's on benchmark rates, both locally and internationally, are up

BNZ moves some key fixed rates up, closing the gap to its main rivals. In the background, all the pressure's on benchmark rates, both locally and internationally, are up

ASB increases home loan rates as wholesale interest rate rises bite, also raises term deposit rates but for few terms savers prefer

ASB increases home loan rates as wholesale interest rate rises bite, also raises term deposit rates but for few terms savers prefer

Rising inflation pressure underpins rising wholesale interest rates and then retail mortgage rate offers. That opens up opportunities to grab a lower fixed rate while they are temporarily available

Rising inflation pressure underpins rising wholesale interest rates and then retail mortgage rate offers. That opens up opportunities to grab a lower fixed rate while they are temporarily available