Lenders Reduce Fixed Rates
A few lenders in New Zealand reduced their fixed rates in the last week days. Westpac and ASB reduced their special two fixed rates by 24 basis points, and The Co-operative Bank reduced their one and two year fixed rates by up to 25 basis points.
See the new rates in iLend™.
|
Date
|
Lender
|
Product
|
Initial Rate
|
+/-
|
|
22/10/2014
|
The Co-operative Bank
|
Fixed 1 Year
|
5.7%
5.95% if LVR > 80%
6.2% if LVR > 85%
6.45% if LVR > 90%
|
-0.25%
|
|
22/10/2014
|
The Co-operative Bank
|
Fixed 2 Years
|
5.89%
6.14% if LVR > 80%
6.39% if LVR > 85%
6.64% if LVR > 90%
|
-0.10%
|
|
22/10/2014
|
Westpac
|
Special 2 Year Fixed
|
5.75%
|
-0.24%
|
|
20/10/2014
|
ASB
|
Special Housing Fixed 2 Year
|
5.75%
|
-0.24%
|
|