Westpac NZ confirms changes to the following interest rates:

Housing

• Our Choices Floating and Choices Offset Floating interest rate has been reduced by 75bps to 4.59% p.a.
• Our Choices Everyday interest rate has been reduced by 75bps to 4.69% p.a.
• The variable housing rate changes are effective from Wednesday 18 March 2020 for new customers and from Wednesday 1 April 2020 for existing customers

Our fixed home loan rates remain under review.

Deposits

• Our 32-day Notice Saver interest rate has been reduced by 75bps to 1.25% p.a.
• Our Westpac Bonus Saver and Westpac Bonus Saver PIE interest rate has been reduced by 75bps to have a total available rate of 0.65% p.a.
• These changes are effective from Wednesday 18 March 2020

Our term investment rates remain under review.

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