sign up log in
Want to go ad-free? Find out how, here.

The country's largest bank drops one home loan special, adds a new one, and changes all its fixed rates; increases its term deposit rates at the same time

The country's largest bank drops one home loan special, adds a new one, and changes all its fixed rates; increases its term deposit rates at the same time

ANZ has changed all its fixed home loan rates.

The changes will be effective from July 1, 2014.

At the same time it has raised most of its term deposit rates for terms of one year and less.

On the mortgage front, the biggest increase comes for the six month fixed term. This rises +20 bps to 5.95%.

Their one year rate rises +10 bps to 6.05%, while their 18 month rate is up only +6 bps to 6.25%.

ANZ have announced a decrease for their two year rate, down -4 bps to 6.45%.

And they have introduced a three year 'special' at 6.25%, which is -30 bps below the old standard three year rate. The new standard three year rate is now 6.65%.

The standard four year rate has been decreased by -24 bps to 6.95%.

And their five year fixed rate is now 7.15%, a decrease of +25 bps to 7.15%.

ANZ's low equity loans - that is, where there is less than a 10% deposit - are all +50 bps higher than these rates. (The 3 year 'special' does not apply in this case.)

The 5.95% two year 'special' has now ended.

These changes come after most other banks have readjusted their rates.

None of the ANZ changes are market-leading. Most of their new price points as either similar to those of their rivals, or above them.

To stay updated with the latest rates, see all banks' carded, or advertised, home loan rates here.

This is how the updated ANZ mortgage rates compare as at 6:00 am Tuesday, July 1, 2014:

below 80% LVR 1 yr 18 mths 2 yrs 3 yrs 5 yrs
           
6.05% 6.25% 6.45% 6.25% 7.15%
ASB 6.09% 6.30% 5.85% 6.65% 6.99%
5.99% 6.25% 6.39% 6.25% 6.99%
Kiwibank 5.85%   5.85% 6.29% 7.20%
Westpac 6.09% 6.30% 6.39% 6.65% 6.99%
           
Co-op Bank 6.00% 6.00% 6.00% 6.25% 6.89%
HSBC 5.85%   5.99% 6.25% 6.99%
5.85% 5.99% 5.99% 5.95% 6.79%
TSB 5.70% 5.85% 5.80% 6.50% 7.20%

--------------------------------------------------------------

Mortgage choices involve making a significant financial decision so it often pays to get professional advice. A Roost mortgage broker can be contacted by following this link »
--------------------------------------------------------------

Fixed mortgage rates

Select chart tabs

unweighted
unweighted
unweighted
unweighted
unweighted
unweighted

We welcome your comments below. If you are not already registered, please register to comment.

Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.