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

 

BankDirect Cuts Interest Rates Again

BankDirect has cut its Variable and FlexiLoan home loan interest rates.

The new rate of 6.40% per annum is in response to the Reserve Bank of New Zealand's cash rate review announced today.


New Rate Rate Previously
6.40% p.a. 6.90% p.a.

New customers will benefit from this new rate immediately, followed by existing customers on December 10th 2001.

"At BankDirect we are committed to passing on interest savings to our customers immediately and this news today is a major boost for mortgage holders," says Head of BankDirect Kevin Leith.

"We are home loan specialists with no expensive branches to support, fewer overheads and on average lending rates than are lower than our competitors."

Customers can find out more online at www.bankdirect.co.nz or may contact a BankDirect home loan specialist by phoning 0800 500 400.

Ends


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Manawatu-Whanganui Projects: PGF Top-Up To Rural Broadband Roll-Out

The government has effectively raided the $3 billion Provincial Growth Fund to top up the budget for the second phase of its rural broadband initiative, filling in mobile 'black spots' and ensuring broadband is available to marae that don't have access now. More>>

ALSO:

Other Windy Cities: Auckland-Chicago Named A Top 10 ‘Most Exciting’ New Route

The inclusion of Auckland-Chicago on Lonely Planet’s Where to fly in 2019? The 10 most exciting new flight routes list comes just two weeks before Air New Zealand prepares to celebrate its inaugural flight to Chicago’s O’Hare International Airport on 30 November. More>>

Deadly Strain: ESR Ups Its Reporting On Meningococcal Disease

The increasing number of cases of Group W Meningococcal disease (MenW) has prompted ESR to increase its reporting on the disease to the Ministry of Health. ESR has upped its reporting to weekly. More>>

ALSO:

Very Small Things: "Game-Changing" 3D Printing Technology Launched

New Zealand microfabrication researchers Andrea Bubendorfer and Andrew Best, the co-inventors of a new way of fabricating very small things with Laminated Resin Printing (LRP), are part of Callaghan Innovation’s MicroMaker3D team launching the new patent pending technology in the US this week. More>>

ALSO: