Westpac NZ can advise changes to the following interest rates:

Housing

• The Choices Floating rate has been reduced by 45bps to 5.34%pa and the revolving Choices Everyday rate has been reduced by 40bps to 5.44%pa. This change will become effective on Monday August 12 for new customers and on Monday August 26 for existing customers.

Deposits

• Base interest for our Simple Saver, Online Saver, Cash Management and Ready Access accounts have been reduced by 5bps to 0.05%. This change will become effective on Monday August 12.