Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


WestpacTrust Lowers Interest Rates On Fixed Rate

23 March 2000


WestpacTrust is dropping its interest rates for most fixed and capped rate home loans. The decrease follows a flattening of the yield curve which has seen longer term wholesale interest rates fall. The new rates take effect immediately.

One, two, three, four and five year fixed rates will drop between 0.10% per annum and 0.15% per annum. One two and three year capped rates will drop between 0.05%per annum and 0.15% per annum. Six month fixed rates will rise 0.35% per annum, reflecting the increase in short term wholesale interest rates.

WestpacTrust Public Relations Manager Jane Anderson said: “With medium and longer term interest rates falling, WestpacTrust believes it is important that we pass these decreases on to our customers as soon as possible.”


1 of 2

WestpacTrust is the New Zealand division of Westpac Banking Corporation, which is incorporated in New South Wales, Australia

6 months 1 year 2 years 3 years 4 years 5 years
Old rate 7.60% 8.10% 8.70% 8.80% 8.95% 9.00%

New rate 7.95% 7.95% 8.55% 8.70% 8.80% 8.90%

Change +0.35% -0.15% -0.15% -0.10% -0.15% -0.10%

1 year 2 years 3 years

Old rate 8.65% 9.25% 9.50%

New rate 8.60% 9.10% 9.35%

Change -0.05% -0.15% -0.15%

For further information, please call:

Jane Anderson
WestpacTrust Public Relations Manager
04 498 1657
025 502 325

2 of 2

© Scoop Media

Business Headlines | Sci-Tech Headlines


ScoopPro: Helping The Education Sector Get More Out Of Scoop

The ScoopPro professional license includes a suite of useful information tools for professional users of Scoop including some specifically for those in the education sector to make your Scoop experience better. More>>

Big Tax Bill Due: Destiny Church Charities Deregistered

The independent Charities Registration Board has decided to remove Destiny International Trust and Te Hahi o Nga Matamua Holdings Limited from the Charities Register on 20 December 2017 because of the charities’ persistent failure to meet their annual return obligations. More>>

57 Million Users' Data: Uber Breach "Utterly Preventatable"

Cybersecurity leader Centrify says the Uber data breach of 57 million customer and driver records - which the ride-hailing company hid for more than a year - was “utterly preventable”. More>>

Scoop 3.0: How You Can Help Scoop’s Evolution

We have big plans for 2018 as we look to expand our public interest journalism coverage, upgrade our publishing infrastructure and offer even more valuable business tools to commercial users of Scoop. More>>

Having A Cow? Dairy Product Prices Slide For Fourth Straight Auction

Dairy product prices fell at the Global Dairy Trade auction, retreating for the fourth straight auction amid signs of increased production... Whole milk powder fell 2.7 percent to US$2,778 a tonne. More>>


Statistics: Butter At Record $5.67/Block; High Vegetable Prices

Rising dairy prices have pushed food prices up 2.7 percent in the year to October 2017, Stats NZ said today. This followed a 3.0 percent increase in the year to September 2017. More>>


Science: New Research Finds Herbicides Cause Antibiotic Resistance

New University of Canterbury research confirms that the active ingredients of the commonly used herbicides, RoundUp, Kamba and 2,4-D (glyphosate, dicamba and 2,4-D, respectively), each alone cause antibiotic resistance at concentrations well below label application rates. More>>