Scoop has an Ethical Paywall
ASB Bank Reduces Fixed Home Loan Interest Rates
ASB Bank Reduces Fixed Home Loan Interest Rates
Statement made by Barbara Chapman, Head of Retail Banking & Marketing, ASB Bank Limited
Further to the announcement at lunchtime today to reduce ASB Bank’s home lending variable interest rate from 7.85% pa to 7.60% pa, the Bank is also reducing fixed home lending interest rates as follows:
New Rate Old Rate (% pa) (% pa)
6 months fixed 6.50% 6.85% 12 months fixed 6.50% 6.75% 2 years fixed 6.75% 6.90% 3 years fixed 6.95% 7.05% 4 years fixed 7.10% 7.25% 5 years fixed 7.20% 7.35%
“We have watched the wholesale market’s response to today’s Reserve Bank OCR announcement very closely and believe there is sufficient stability across the yield curve to enable us to reduce our fixed rates as well as our variable rate” Ms Chapman said.
The
Bank has also reduced Term Deposit interest rates as a
consequence of the lower wholesale market
rates.
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.
Business Canterbury: Urges Council To Cut Costs, Not Ambition For City
Wellington Airport: On Track For Net Zero Emissions By 2028
Landcare Research: ANZAC Gall Fly Release Promises Natural Solution To Weed Threat
NZ Anti-Vivisection Society: Auckland Rat Lovers Unite!
University of Canterbury: $1.35 Million Grant To Study Lion-like Jumping Spiders
Federated Farmers: Government Ends War On Farming
