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ASB Drops Mortgage Rates
ASB has today dropped its fixed home lending rates for the seventh time this year. Three of ASB’s mortgage rates – the six-month, one year and four year – have dropped by up to 10 basis points, with the six-month & four-year term now the most competitive across the major banks.
Its six-month term has dropped 5 basis points from 7.29% to 7.24%, while the one-year term has reduced by 10 basis points to 7.14%. ASB’s four-year mortgage rate has also dropped 6 basis points to 6.49%.
“We’ve reviewed our interest rates in line with the recent dip in wholesale rates. We know these rate reductions on some of our most popular terms will be of serious interest to our home lending customers looking to refix, as well as potential first home buyers.” says ASB’s Executive General Manager Personal Banking Adam Boyd.
ASB has also dropped its 6-month and 9-month term deposit rates by 10 basis points each.
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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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