Kiwibank comes back for a second home loan rate hike in the past few days, targeting its two and three year fixed rates

Surprise!

Kiwibank is raising some fixed rates again, just two days after their last rate hikes.

They have added +20 bps to their two year rate, one that got skipped two days ago. That puts it in line with ANZ and ASB, -10 bps below Westpac, but +20 bps above BNZ's equivalent offer.

And Kiwibank has added +10 bps to its three year fixed rate, on top of the +10 bps it hiked that term two days ago. The result is the highest three year fixed rate in the current market.

This time, there are no term deposit changes to compliment the home loan rate rise adjustments.

To compare mortgage rate offers in a way that includes the application and account fees costs, or break fee costs if you need to do that), and applying the impact of a cashback/legal fee reimbursement, or other incentive, you can use our home loan comparison calculator. You can find it here. Or, for convenience, we have added it to the bottom of this article.

Negotiate. How flexible banks may be will depend on the strength of your financials.

One other useful way to make sense of the changed home loan rates is to use our full-function mortgage calculator which is here.

And if you already have a fixed term mortgage that is not up for renewal at this time, our break fee calculator may help you assess your options. Break fees will be minimal in a rising market. But they become important in a falling market, like now.

Here is the snapshot of the lowest advertised fixed-term mortgage rates on offer from the key retail banks at the moment.

Fixed, below 80% LVR	6 mths	1 yr	18 mth	2 yrs	3 yrs	4 yrs	5 yrs
as at March 26, 2026	%	%	%	%	%	%	%
ANZ	4.49	4.59	4.89	5.09	5.39	6.09	6.19
	4.49	4.59	4.75	5.09	5.39	5.55	5.69
	4.49	4.59	4.79	4.89	5.29	5.59	5.79
	4.49	4.59		5.09 +0.20	5.45 +0.10	5.79	5.89
	4.49	4.59	4.85	5.19	5.29	5.39	5.59
Bank of China	4.38	4.48	4.48	4.58	4.88	5.28	5.28
China Construction Bank	4.49	4.49	4.69	4.89	5.09	5.39	5.49
Co-operative Bank	4.59	4.59	4.89	5.15	5.39	5.75	5.89
ICBC	4.39	4.49	4.65	4.89	5.15	5.45	5.65
	4.69	4.49	4.69	4.89	5.15	5.55	5.69
	4.59	4.39	4.99	4.89	5.29	5.55	5.69