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


Bankdirect Variable Rate Now 8.25%

MEDIA RELEASE 30TH August 2000


Following a drop to its fixed rates earlier this week, BankDirect today announces a significant drop to its variable home loan interest rate from 8.45% to 8.25% and a further drop to its 1-year fixed rate from 8.10% to 7.95%.

"Our variable rate decrease, further undercuts even the most recent rate announcements by other trading banks. This further confirms BankDirect's commitment to providing home buyers and those wishing to refinance with a better option," says BankDirect General Manager James Mitchell.

"BankDirect's new rate, teamed with our current home loan offer of up to $1,000 towards legal fees and no loan application fee (for loans greater than $200,000) makes us a very attractive proposition," he says.

"Being a lower cost service provider, BankDirect consistently offers lower lending rates in the highly competitive home lending market. We are focussed on passing interest savings to our customers, and whenever possible offering a more competitive deal relative to other lenders," adds Mr Mitchell.

The drop in BankDirect variable interest rates will come into effect from tomorrow, 31 August 2000 for new customers and on 18 September 2000 for existing customers. The new 1-year fixed rate is effective immediately.


Prepared on behalf of BankDirect by Drum

For further information please contact:

James Mitchell Sarah Sparks BankDirect Drum General Manager Email: Email: Ph: (09) 308 1001 Ph: (09) 914 6004 Mob: (021) 636 820 Mob: 021 318 813

© 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>>