

https://www.scoop.co.nz/stories/BU2505/S00478/kiwibank-rate-changes.htm

Kiwibank Rate Changes

Wednesday, 28 May 2025, 3:54 pm
Press Release: Kiwibank

Kiwibank is adjusting its variable Home Lending rates and Savings rates in response to today’s OCR changes.

Kiwibank's General Manager of Home Lending, Nicole Pervan says, “Lending customers will continue to benefit from strong home loan pricing, including our variable rate, which has for some time been the leading rate across the major banks.”

Home Lending

Effective from:

Tuesday 3 June for new lending
Monday 16 June for existing lending

Product	Previous Rate	New Rate
Term loan - Variable	6.50%	6.35%
Term loan – Offset variable	6.50%	6.35%
Revolving loan	6.55%	6.40%

Deposits

Effective from Tuesday 3 June

Product	Previous Rate	New Rate
90 Day Notice Saver	3.35%	3.10%
32 Day Notice Saver	2.80%	2.55%

Product	Previous		New
Product	Base rate	Bonus rate	Base rate	Bonus rate
Standard Online Call	2.50%	0.00%	2.25%	0.00%
PIE Online Call	2.50%	0.00%	2.25%	0.00%
Business Online Call*	2.50%	0.05%	2.25%	0.05%

*Minimum balance of $2,000

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