TSB sets its fighting rate at 4.35% for eighteen months fixed, the lowest of any bank for this term except HSBC Premier

It is TSB's turn to reduce mortgage rates and they have trimmed -4, -5 or -6 bps from a number of key terms.

Their key reduction is a -4 bps reduction from their 18 month rate.

That takes it to 4.35% which, apart from the standout HSBC rate, is the lowest level of any other bank for this term.

In addition, their one year fixed carded offer is reduced by -5 bps to 4.24%. Kiwibank is lower on both rates.

Their fixed two year rate has had -6 bps trimmed off it to 4.49%. And their three year fixed rated has had -4 bps removed to put it at 4.85%.

Apart from the 18 month rate, TSB is aligned in the middle of the pack.

See all banks' carded, or advertised, home loan interest rates here.

Here is the full snapshot of the fixed-term rates on offer from the key retail banks.

below 80% LVR 6 mths  1 yr  18 mth  2 yrs   3 yrs  4 yrs  5 yrs 
as at July 9, 2018 % % % % % % %
               
4.99 4.29 5.15 4.49 4.85 5.85 5.99
ASB 4.95 4.29 4.39 4.49 4.79 5.39 5.59
5.35 4.29 5.05 4.49 4.85 5.89 6.09
Kiwibank 4.99 4.19   4.39 4.85 5.19 5.39
Westpac 5.25 4.29 5.15 4.49 4.85 5.89 5.59
               
4.80 4.29 4.45 4.49 4.85 5.39 5.59
HSBC 4.85 4.19 3.85 4.29 4.89 5.29 5.59
HSBC 4.99 4.19 4.49 4.49 4.85 5.39 5.55
4.85 4.24 4.34 4.49 4.85 5.55 5.69

In addition to the above table, BNZ has a fixed seven year rate which is 6.15%.

And TSB still has a 10-year fixed rate of 6.20%.

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?

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3 Comments

Did anyone get a 1 year fixed mortgage in the last 30days, if so at what rate and who with?
Thanks

Just got 4.19 tsb 1yr
It was black Friday on 67k with 150k still at 4.64

I got 3.6% for a TD (PIE) for 9 months from Westpac a fortnight ago - if that helps.

I was told at the time that interest rates seemed likely to fall.

TTP