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

 


ANZ Decreases Home Loan Interest Rates

ANZ today announced decreases in both variable and fixed home lending rates.

The variable home loan interest rate will decrease from 8.50% per annum to 8.25% per annum for new applications received from Thursday, 15 March 2001 and for existing customers from Monday, 9 April 2001.

ANZ's Easy Start home loan introductory 12-month variable rate will decrease from 7.50% per annum to 7.25% per annum and the ANZ Money Saver variable rate will also decrease from 8.10% per annum to 7.85% per annum.

The ANZ FlexiPlus home loan interest rate will decrease from 8.50% per annum to 8.25% per annum for both new and existing customers from Monday, 9 April 2001.

Fixed home loan rates will decrease from Thursday, 15 March 2001, as follows:

* Three year fixed rate decreases from 7.30% per annum to 7.20% per annum
* Four year fixed rate decreases from 7.60% per annum to 7.40% per
annum
* Five year fixed rate decreases from 7.70% per annum to 7.50% per
annum


ANZ Chief Economist, Bernard Hodgetts, says the reductions reflect the decline in wholesale interest rates over the past few weeks with short-term rates having fallen further on the back of the Reserve Bank's decision to reduce the OCR today. He says it is pleasing to be able to pass the benefits of these lower wholesale rates onto ANZ's customers.

ENDS

For further information please contact: Steve Fisher, (09) 374 4123 or 025 642 5823.


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

ALSO:

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news