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

 


BNZ leads market in reducing fixed housing rates

Thursday, 18 March 2004, 6:18 pm
Press Release: Bank of New Zealand

Bank of New Zealand continues to lead market in reducing fixed housing rates

Bank of New Zealand continues to lead the market in cutting fixed term home loan rates and today announced that it is lowering its two-year and three-year fixed rates to 6.69% and 6.89% respectively.

The new rates, available from today, are even lower for two-year and three-year loans than National, ASB, ANZ, HSBC, and Westpac, who are offering between 6.80% and 7.15% on two-year fixed rate home loans, and between 6.99% and 7.50% on three-year fixed rate home loans.

Since 13 February 2004, Bank of New Zealand has cut its two-year and three-year rates by 0.71%.

Bank of New Zealand’s general manager for personal financial services, Blair Vernon, says Bank of New Zealand has been leading the market in bringing the lowest two-year and three-year fixed rate home loans of any major bank.

“Our aim continues to be to bring customers the lowest possible two and three-year rates direct to customers. With wholesale rates decreasing recently, we saw an opportunity to pass savings directly on to home loan customers,” says Mr Vernon.

“Customers can be assured of market-leading rates directly from Bank of New Zealand,” he said.

Other new rates that will apply from today (with the old rates in brackets) are:

4 years: 7.20% (7.60%) 5 years: 7.20% (7.65%) 7 years: 7.30% (7.75%)

© Scoop Media

Bank of New Zealand

BNZ

Be good with money

Bank of New Zealand (BNZ) has been a big part of New Zealand life for over 150 years since its foundation in 1861. The bank employs over 5,000 people and has more than 170 retail stores and 32 Partners business centres across the country.

Passionate about enabling a higher achieving New Zealand, BNZ works with personal, business, agri, and private wealth clients, helping them grow and make their goals a reality.

A subsidiary of the National Australia Bank Group of companies, BNZ is governed locally by a Board of Directors and strives to help New Zealanders be good with money.

CONTACT BANK OF NEW ZEALAND

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

BUSINESS, SCIENCE & TECH > >


 

Sky City : Auckland Convention Centre Cost Jumps By A Fifth

SkyCity Entertainment Group, the casino and hotel operator, is in talks with the government on how to fund the increased cost of as much as $130 million to build an international convention centre in downtown Auckland, with further gambling concessions ruled out. The Auckland-based company has increased its estimate to build the centre to between $470 million and $530 million as the construction boom across the country drives up building costs and design changes add to the bill.
More>>

ALSO:

RMTU: Mediation Between Lyttelton Port And Union Fails

The Rail and Maritime Union (RMTU) has opted to continue its overtime ban indefinitely after mediation with the Lyttelton Port of Christchurch (LPC) failed to progress collective bargaining. More>>

Earlier:

Science Policy: Callaghan, NSC Funding Knocked In Submissions

Callaghan Innovation, which was last year allocated a budget of $566 million over four years to dish out research and development grants, and the National Science Challenges attracted criticism in submissions on the government’s draft national statement of science investment, with science funding largely seen as too fragmented. More>>

ALSO:

Scoop Business: Spark, Voda And Telstra To Lay New Trans-Tasman Cable

Spark New Zealand and Vodafone, New Zealand’s two dominant telecommunications providers, in partnership with Australian provider Telstra, will spend US$70 million building a trans-Tasman submarine cable to bolster broadband traffic between the neighbouring countries and the rest of the world. More>>

ALSO:

More:

Statistics: Current Account Deficit Widens

New Zealand's annual current account deficit was $6.1 billion (2.6 percent of GDP) for the year ended September 2014. This compares with a deficit of $5.8 billion (2.5 percent of GDP) for the year ended June 2014. More>>

ALSO:

Still In The Red: NZ Govt Shunts Out Surplus To 2016

The New Zealand government has pushed out its targeted return to surplus for a year as falling dairy prices and a low inflation environment has kept a lid on its rising tax take, but is still dangling a possible tax cut in 2017, the next election year and promising to try and achieve the surplus pledge on which it campaigned for election in September. More>>

ALSO:

Job Insecurity: Time For Jobs That Count In The Meat Industry

“Meat Workers face it all”, says Graham Cooke, Meat Workers Union National Secretary. “Seasonal work, dangerous jobs, casual and zero hours contracts, and increasing pressure on workers to join non-union individual agreements. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news