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

 

WestpacTrust Leads On Interest Rates Again

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

15 March 2001

WESTPACTRUST LEADS ON INTEREST RATES AGAIN


WestpacTrust continues to lead the market by lowering all its rates for fixed and capped home loans by up to 0.25% per annum, including a market leading rate of 6.85% per annum for nine months.

The fall in rates follows volatility in financial markets on the back of yesterday ’s reduction in the Official Cash Rate and lower global wholesale interest rates, largely in response to the slowdown in the United States economy.

Yesterday most major home lenders moved to match WestpacTrust’s floating home loan rate of 8.25%, which WestpacTrust had introduced on 11 January.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Trees: Surge Funding For Kauri Dieback And Myrtle Rust Research

“The $13.75 million investment announced today will mean that scientists can begin critically important research into kauri dieback and myrtle rust. It is vital that we get this work underway now to ensure that we combat these two pathogens and protect these taonga species." More>>

ALSO:

In Time For The Cup: Spark Sets 5G Date, Without Any Spectrum

Spark chief executive Simon Moutter has a big hairy audacious goal, to get the company's 5G mobile network up and running by July 2020 ... More>>

ALSO:

Mesh Mess: Commerce Commission To Appeal Steel & Tube Sentence

The Commission has today filed an appeal against the sentence imposed on Steel and Tube Holdings Limited (Steel & Tube) for false and misleading representations about steel mesh products. More>>

"Bipartisan Inaction": Rapid Rent Increases

The median nationwide rent has gone up $20 a week over the past two month, a rapid increase that is part of an upward trend overseen by both Labour and National Governments... More>>

ALSO: