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ASB Cuts Mortgage Rates Further
ASB has today reduced six of its fixed home lending rates, including a market-leading 18-month term.
ASB’s Executive General Manager Personal Banking Adam Boyd says “These rate reductions will be welcome news to the thousands of households looking to refix their mortgages or begin their home ownership journey.”
ASB also reduced its term deposit rates.
All rate decreases are effective Tuesday 21st October.
| Fixed home lending term | Previous rate | New rate | Rate decrease |
| 6-month | 4.95% | 4.85% | -10 bps |
| 1-year | 4.49% | 4.49% | N/C |
| 18-month | 4.49% | 4.45% | -4 bps |
| 2-year | 4.65% | 4.49% | -16 bps |
| 3-year | 4.94% | 4.79% | -15 bps |
| 4-year | 5.19% | 5.09% | -10 bps |
| 5-year | 5.39% | 5.15% | -24 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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