Kiwibank drops its two and three year home loan interest rates to bring them in line with those offered by ASB and Westpac
29th Sep 11, 5:13pm
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Kiwibank is trimming 10 basis points off its two-year fixed-term home loan interest rate and 20 basis points off its three-year fixed rate, bringing them into line with the two and three year rates advertised by ASB and Westpac.
The rate changes, effective from Friday (September 30), bring Kiwibank's two-year rate down to 6.3% and three-year rate down to 6.70%.
The state owned bank has left all its other home loan rates, including its 5.65% variable, or floating, rate unchanged.
The Kiwibank cuts bring its three year rate in line with ASB and Westpac as the lowest three-year rate advertised by banks, but the 6.30% two-year rate offered by Kiwibank, ASB, and Westpac, is slightly higher than TSB's 6.28%.
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