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Kiwibank Rate Changes
Kiwibank is adjusting its variable Home Lending rates and Savings rates in response to today’s OCR changes.
Kiwibank's General Manager of Home Lending, Nicole Pervan says, “Lending customers will continue to benefit from strong home loan pricing, including our variable rate, which has for some time been the leading rate across the major banks.”
Home Lending
Effective from:
- Tuesday 3 June for new lending
- Monday 16 June for existing lending
| Product | Previous Rate | New Rate |
| Term loan - Variable | 6.50% | 6.35% |
| Term loan – Offset variable | 6.50% | 6.35% |
| Revolving loan | 6.55% | 6.40% |
Deposits
Effective from Tuesday 3 June
| Product | Previous Rate | New Rate |
| 90 Day Notice Saver | 3.35% | 3.10% |
| 32 Day Notice Saver | 2.80% | 2.55% |
| Product | Previous | New | ||
| Base rate | Bonus rate | Base rate | Bonus rate | |
| Standard Online Call | 2.50% | 0.00% | 2.25% | 0.00% |
| PIE Online Call | 2.50% | 0.00% | 2.25% | 0.00% |
| Business Online Call* | 2.50% | 0.05% | 2.25% | 0.05% |
*Minimum balance of $2,000
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