Effective 30th May, Westpac in New Zealand introduced two new special fixed rates and reduced some of their existing fixed rates.
Effective 30th May, ING Direct and Homeloans reduced some of their fixed rates by up to 0.15% p.a.
Effective 27th May, SBS Bank increased their 6 and 12 month fixed rates by up to 0.15% p.a.
Effective 26th May, Homeloans increased their Accelerate Prime rates by 0.10% p.a. The rate increase applies to full doc home loans with an LVR greater than 80%.
Effective 23rd May, ASB and Sovereign reduced their 1 year fixed rate by 0.10% p.a. and also introduced a Special 2 year fixed rate of 5.89% p.a.
Effective 19th May, Homeloans reduced their Ultra 2 year fixed rates by 0.05% p.a.
Effective 19th May ANZ in New Zealand updated some of their fixed rates with increases by up to 0.26% p.a. and reductions by 0.30% p.a.
Effective 9th May, Bankwest changed the discount rate for their Double Deal Home Loan. The discount off the Standard Variable rate will reduce to 0.96% p.a.
Effective 9th May, Westpac in New Zealand launched a new 3 year fixed Special at 6.25%.