Kiwibank increases 2-5 year fixed home loan rates by between 5 and 15 basis points

Kiwibank increases 2-5 year fixed home loan rates by between 5 and 15 basis points

Kiwibank is the latest bank to increase two to five-year fixed-term residential mortgage interest rates.

Kiwibank has increased its two-year rate by five basis points to 5.50%, its three-year rate by 15 basis points to 6.05%, its four-year rate by 15 basis points to 6.30%, and its five-year rate by 15 basis points to 6.60%.

This brings Kiwibank's carded rates into line with most other major banks. Only ANZ is yet to step these rates higher, and that move is expected to come this week, probably early in the week.

See all advertised mortgage rates here.

  1 yr 2 yrs 3 yrs 4 yrs 5 yrs
           
4.95% 5.50% 5.95% 6.15% 6.45%
ASB 5.25% 5.65% 6.05% 6.30% 6.60%
BNZ 5.25% 5.65% 5.89% 6.30% 6.60%
Kiwibank 4.89% 5.50% 6.05% 6.30% 6.60%
Westpac 5.19% 5.65% 6.04% 6.30% 6.60%
           
Co-op Bank 4.94% 5.45% 5.90% 6.10%  
HSBC Premier 4.99% 5.50% 5.90% 6.15% 6.40%
SBS / HBS 4.95% 5.25% 5.65%   5.99%
TSB 4.88% 5.50% 6.05% 6.30% 6.60%

(UPDATED: TSB rates in the above table have now been corrected.)

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