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ASB Bank Cuts Fixed Home Lending Rates
8 December 2000
ASB BANK today announced reductions to its fixed home lending rates for mortgages of 2 to 5 years.
Bank customers will now be able to chose any term from 1 to 5 years and still pay the same rate: 7.95%. The new rates come into force on Saturday, 9 December 2000.
The changes are as follows:
Term Old Rate New Rate (from
9/12/00)
12 months 7.95% 7.95% (no change)
2
years 8.10% 7.95%
3 years 8.15% 7.95%
4
years 8.25% 7.95%
5 years 8.25% 7.95%
There is no change to ASB Bank’s floating rate.
“The new rates should be attractive to customers concerned about the possibility of wholesale rate rises in the New Year,” ASB Bank Chief Operating Officer Hugh Burrett said. “They can lock in a lower rate now to eliminate that risk.”
For more information, contact:
Hugh Burrett, ASB Bank Chief Operating Officer. Ph. (09) 374 8817 – 025 736 816.
Issued
on behalf of ASB Bank by Network Communications (Peter
Hallwright)
ph. (09) 306 5803 or 025 444
534
ABL3MR153
ASB Bank
Helping you get one step ahead.
In 1847, ASB opened as the Auckland Savings Bank with the pledge: 'to serve the community; to grow and to help Kiwis grow'. And that is very much what ASB is about today.
ASB is a leading provider of integrated financial services in New Zealand including retail, business and rural banking, funds management and insurance.
ASB strives to consistently provide its customers with outstanding service and innovative financial solutions. They're dedicated to providing simple financial products that allow their customers to bank with them how and when they want.
We all have our own ways to measure progress, and our own stories about the things that matter to us. Whatever way you choose to measure progress, and whatever your goals, ASB is there to help you get one step ahead.
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