Kiwibank no longer retains the position of ‘lowest in market’ after raising its home loan rates twice in 2 weeks.
• Kiwibank has raised all fixed mortgage rates from 2 to 5 years terms to 4.65%, 5.05%, 5.55% & 5.65%, respectively.
• It’s the bank’s 2nd rate rise in 2 weeks, after raising both fixed mortgage & floating rates on January 9th.
• Meanwhile, ASB has raised some selected term deposit rates, including its 1 yr & 18 mth specials to 4.59% & 4.75%.
• Both SBS Bank & HSBC Premier lead the 1-yr term of 4.19%, & TSB Bank has market-leading offers for 3 & 5-yr terms with HSBC.
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