Scoop has an Ethical Paywall
ANZ Decreases Variable Home Loan Interest Rates
ANZ today announced a decrease in variable home lending rates following the Reserve Bank's decision to reduce the OCR.
The standard variable home loan interest rate will decrease from 7.95% per annum to 7.70% per annum for new applications received from Wednesday, 16 May 2001 and for existing customers from Monday, 11 June 2001.
In addition to this change, ANZ's Easy Start introductory 12-month variable rate will decrease from 6.95% per annum to 6.70% per annum and the ANZ Money Saver variable rate will also decrease from 7.55% per annum to 7.30% per annum. These changes are also effective for new applications received from Wednesday, 16 May 2001 and for existing customers from Monday, 11 June 2001.
The ANZ FlexiPlus home loan interest rate will decrease from 7.95% per annum to 7.70% per annum for both new and existing customers from Monday, 11 June 2001.
"The Reserve Bank's decision to reduce the OCR today means that the lower short-term wholesale interest rates seen over the past month or so should be sustained," said ANZ Managing Director, Dr Murray Horn.
Dr Horn says it is pleasing to be able to pass the benefits of these lower wholesale rates onto ANZ's customers.
ENDS
ANZ Bank New Zealand Limited
Get on top of your money
ANZ has been helping New Zealanders get on top of their money ever since we opened for business in 1840. We were New Zealand's first bank and today we have a large network of full-service branches and ATMs, and talented people across the country.
We're passionate about helping our customers make their money work harder and equipping them to make better financial decisions. Whether it's travelling the world, buying a home, building a business, investing for the future or protecting their family's future, we use our financial strength and expertise to help make it happen.
Through our sponsorships, our Staff Foundation and thousands of staff volunteer hours each year, we support causes that make a difference to New Zealanders.
Fix & Fogg: NASA Hand-picks Kiwi Nut Butter Brand To Travel To Space In NZ First
Citizens of the Sea: Sailors To Revolutionise Our Understanding Of Pacific Biodiversity
Netsafe: Making A Splash With Online Safety: Netsafe Launches New Flagship Programme For Kids
NZGBC: Flood Resilience PhD Student Widi Auliagisni Named Future Thinker Of The Year 2024
Business Canterbury: European Free Trade Agreement A Game-changer For Canterbury
Business Canterbury: Urges Council To Cut Costs, Not Ambition For City
