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Further Drops To ASB’s Fixed Mortgage Rates
ASB has today announced decreases on some of its most popular mortgage terms, the bank’s sixth fixed rate mortgage drop this year. The 6-month term falls 20 basis points to 5.59%, the 1-year rate drops to a joint market leading 4.99% while the 18-month term falls 20 basis points to 4.99%.
ASB’s Executive General Manager Adam Boyd says: “Today’s rate changes reflect our ongoing commitment to supporting customers in achieving their home ownership goals. We’ve seen growing interest in the 24-month term 4.99% rate, showing customers are beginning to favour longer-term certainty. With three of our terms now offering rates under 5.00%, we are pleased to be able to offer a range of lending options to suit home owners’ and home buyers’ diverse needs.”
ASB has also lowered some of its term deposit rates by between 10 and 35 basis points.
“We are mindful that lower rates affect home owners and savers differently. We encourage anyone looking for guidance and advice to get in touch with us.”
All rate adjustments are effective immediately.
| Fixed home lending term | Previous rate | New rate | Rate decrease |
| 6-month | 5.79% | 5.59% | -20 bps |
| 1-year | 5.25% | 4.99% | -26 bps |
| 18-month | 5.19% | 4.99% | -20 bps |
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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