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

 

9.3 Percent: Gender Pay Gap Unchanged Since 2017

“While it has remained flat since 2017, the gender pay gap has been trending down since the series began in 1998, when it was 16.2 percent,” labour market statistics manager Scott Ussher said. More>>

ALSO:

Ex-KPEX: Stuff Pulls Pin On Media Companies' Joint Ad-Buying Business

A four-way automated advertising collaboration between the country's largest media companies is being wound up after one of the four - Australian-owned Stuff - pulled the pin on its involvement as part of a strategic review of its operations ... More>>

Bus-iness: Transdev To Acquire More Auckland And Wellington Operations

Transdev Australasia today announced that it has agreed terms to acquire two bus operations in Auckland and Wellington, reaching agreement with Souter Investments to purchase Howick and Eastern Buses and Mana Coach Services. More>>

ALSO:

Māui And Hector’s Dolphins: WWF/Industry Counter Offer On Threat Management Plan

Forest & Bird says WWF-NZ's plan for protecting Māui dolphins is based on testing unproven methods on a species that is almost extinct, and is urging the Government to reject the proposal. More>>

ALSO: