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ASB Lowers Fixed Mortgage Rates For Fourth Time This Year, Including A 4.99% Offer
ASB has today reduced a number of its fixed home lending rates, marking the fourth round of fixed rate decreases so far in 2025.
ASB’s 2-year mortgage rate drops 30 basis points to a joint-market leading 4.99%*, while its 1-year rate drops 24 basis points to 5.25%. ASB’s has also lowered its 3-year rate to 5.35%.
ASB’s Executive General Manager Adam Boyd says “We are serious about giving our home loan customers and first home buyers interest rate relief, and that commitment should be evident in our consistent rate drops across January and February. Today’s fixed rate decreases will appeal to a broad range of Kiwi, with our sub-5 mortgage rate offering a strong medium-term option for people looking for added certainty.”
ASB also lowered some of its term deposit rates by between 5 and 25 basis points.
*As at 5.00pm, Friday 21st February 2025
| Fixed home lending term | Previous rate | New rate | Rate decrease |
| 1-year | 5.49% | 5.25% | - 24 bps |
| 2-year | 5.29% | 4.99% | - 30 bps |
| 3-year | 5.59% | 5.35% | - 24 bps |
ASB Bank
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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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