WestpacTrust Lowers Floating Home Loan Rates

WestpacTrust is the New Zealand division of Westpac Banking Corporation, which is incorporated in New South Wales, Australia

30 August 2000

WESTPACTRUST LOWERS FLOATING HOME LOAN RATES

WestpacTrust is lowering its floating home loan rate by 0.3% per annum to 8.5% per annum. The new rate takes effect from 1 September 2000 for new loans.

WestpacTrust Regional General Manager New Zealand Retail John Boraston said: “We recently lowered our fixed and capped interest rates. Now we are able to pass on the benefits of a stable interest rate environment to our customers by also lowering floating rates by 0.3%.”

ENDS

For further information, please contact:

Jane Anderson
WestpacTrust Public Relations Manager
04 498 1657
025 502 325

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