Scoop has an Ethical Paywall
Kiwibank interest rate changes
Kiwibank interest rate changes
Kiwibank has announced a number of changes to home loan and Term Deposit rates in response to higher costs of funding and the increase in the Official Cash Rate.
Variable and revolving credit home loan rates will increase from 5.65% p.a. to 5.90% p.a. The Offset Mortgage rate will increase from 5.25% to 5.60%.
All Term Deposit rates from 30 days though to 150 days will increase by 0.25%.
These increases are effective on Monday 17 March for new customers and the home loan increases will be effective from 31 March for existing customers.
ENDS
Advertisement - scroll to continue reading
Advertisement - scroll to continue reading
John Mazenier: Gaffer Tape And Glue Delivering New Zealand’s Mission Critical Services
Earthquake Commission: Ivan Skinner Award Winner Inspired By Real-life Earthquake Experience
Reserve Bank: Consultation Opens On A Digital Currency For New Zealand
NIWA: Ship Anchors May Cause Extensive And Long-lasting Damage To The Seafloor, According To New Research
New Zealand Customs Service: A Step Forward For Simpler Trade Between New Zealand And Singapore
Horizon Research: 68% Say Make Banks Offer Fraud Protection
