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ASB Drops Mortgage Rates
ASB has today reduced four of its fixed home lending rates, including some of its most popular terms.
ASB’s Executive General Manager Personal Banking Adam Boyd says “We’ve got tens of thousands of customers due to refix onto lower rates in 2025, and we know any rate reduction is going to help these households, with savings they can put towards other important things. By Christmas, around 90% of customers holding a fixed home loan are likely to be on a rate less than 6%.”
ASB also reduced some term deposit rates by between 5 and 15 basis points.
All rate decreases are effective immediately.
| Fixed home lending term | Previous rate | New rate | Rate decrease |
| 6-month | 5.29% | 5.12% | - 17 bps |
| 1-year | 4.89% | 4.79% | - 10 bps |
| 18-months | 4.89% | 4.79% | - 10 bps |
| 2-year | 4.95% | 4.89% | - 6 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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