Swap rates
ANZ goes second, cutting retail rates. Both fixed home loan and term deposit rates have been sliced, some by as much as -30 bps. Almost certainly they will be followed by the other major banks, forcing the challenger banks into a tough spot
17th Jul 24, 5:59pm
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ANZ goes second, cutting retail rates. Both fixed home loan and term deposit rates have been sliced, some by as much as -30 bps. Almost certainly they will be followed by the other major banks, forcing the challenger banks into a tough spot
Savers should move quickly to capture term deposit specials before they expire. It seems likely that they won't be repeated any time soon
12th Jul 24, 10:11am
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Savers should move quickly to capture term deposit specials before they expire. It seems likely that they won't be repeated any time soon
Westpac has responded to the diving wholesale rates following dovish RBNZ signals by cutting its popular short fixed home loan rates, and trimming its short term deposit rate offers
11th Jul 24, 12:11pm
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Westpac has responded to the diving wholesale rates following dovish RBNZ signals by cutting its popular short fixed home loan rates, and trimming its short term deposit rate offers
With loan demand softer than customer deposit growth, banks are now less likely to press for more customer funding. BNZ eases back on some above-rival term deposit rates
4th Jul 24, 10:02am
3
With loan demand softer than customer deposit growth, banks are now less likely to press for more customer funding. BNZ eases back on some above-rival term deposit rates
Westpac's latest mortgage rate adjustments bring their higher rates down into line with their main rivals. We ask readers to record the below-card offers they get on their banking apps so others can know where real savings can be won
26th Jun 24, 6:00pm
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Westpac's latest mortgage rate adjustments bring their higher rates down into line with their main rivals. We ask readers to record the below-card offers they get on their banking apps so others can know where real savings can be won
[updated]
Just as Kiwibank ends its good one year 'special' term deposit offer, BNZ jumps in with one of its own. Even higher rates are available from investment-grade rated others
19th Jun 24, 11:28am
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Just as Kiwibank ends its good one year 'special' term deposit offer, BNZ jumps in with one of its own. Even higher rates are available from investment-grade rated others
Unlike other recent Reserve Bank no-change OCR events, the latest one has brought rising wholesale rate pricing, more in line with what happened when the OCR was increased
27th May 24, 4:09pm
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Unlike other recent Reserve Bank no-change OCR events, the latest one has brought rising wholesale rate pricing, more in line with what happened when the OCR was increased
[updated]
Two banks reverse the down-trend and offer higher nine and 12 month term deposit rates. But Westpac cuts back
27th May 24, 6:03am
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Two banks reverse the down-trend and offer higher nine and 12 month term deposit rates. But Westpac cuts back
While most borrowers are focused on 6 and 12 month fixed mortgage rates, there is suddenly more competition among banks at the three year fixed rate level. It might make sense to consider that option
16th May 24, 9:22am
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While most borrowers are focused on 6 and 12 month fixed mortgage rates, there is suddenly more competition among banks at the three year fixed rate level. It might make sense to consider that option
[updated]
With the shift lower by the last major Aussie bank now complete, we look at whether it is better to take the new lower short home loan rates, or go for the much lower longer term rates
14th May 24, 8:50am
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With the shift lower by the last major Aussie bank now complete, we look at whether it is better to take the new lower short home loan rates, or go for the much lower longer term rates
Kiwibank takes its carded one year home loan rate below 7%, the first time any main bank has offered a rate that low for that term in 10 months, cuts key term deposit rates at the same time
13th May 24, 8:46am
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Kiwibank takes its carded one year home loan rate below 7%, the first time any main bank has offered a rate that low for that term in 10 months, cuts key term deposit rates at the same time
Westpac follows two rivals with some matching rate cuts, but goes lower with a three year home loan rate. And it offers savers a higher nine month term deposit rate
10th May 24, 12:04pm
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Westpac follows two rivals with some matching rate cuts, but goes lower with a three year home loan rate. And it offers savers a higher nine month term deposit rate
[updated]
ASB adjusts its home loan rate card lower as wholesale rates ease, keeping its short fixed rates competitive, but not undercutting is main rival. ASB has trimmed TD rates too
8th May 24, 8:06am
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ASB adjusts its home loan rate card lower as wholesale rates ease, keeping its short fixed rates competitive, but not undercutting is main rival. ASB has trimmed TD rates too
[updated]
ANZ takes -10 bps off some key home loan and term deposit rates. In fact, ANZ has all but one of its TD rate in this rate cycle below 6%. It is a clear signal that retail interest rates are passing their peak
2nd May 24, 7:39pm
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ANZ takes -10 bps off some key home loan and term deposit rates. In fact, ANZ has all but one of its TD rate in this rate cycle below 6%. It is a clear signal that retail interest rates are passing their peak
Heartland Bank's latest rise in its carded fixed home loan rates still leaves it with some of the lowest rates in the market. The approaching May selling period is the last main chance for banks to meet their lending targets this budget year
24th Apr 24, 10:25am
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Heartland Bank's latest rise in its carded fixed home loan rates still leaves it with some of the lowest rates in the market. The approaching May selling period is the last main chance for banks to meet their lending targets this budget year
Challenger bank SBS jumps into the mortgage market with a big splash, aiming to snare an outsized share of deals as the real estate market winds down for the summer/autumn season
19th Apr 24, 3:18pm
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Challenger bank SBS jumps into the mortgage market with a big splash, aiming to snare an outsized share of deals as the real estate market winds down for the summer/autumn season
As the prospect of OCR rate cuts fade and global forces and local inflation push up wholesale interest rates, ASB trims its key term deposit rate offers
18th Apr 24, 10:07am
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As the prospect of OCR rate cuts fade and global forces and local inflation push up wholesale interest rates, ASB trims its key term deposit rate offers
As the real estate selling season tails off, two banks trim a key home loan rate just before the RBNZ does its review, and markets turn sceptical rate cuts are imminent
8th Apr 24, 9:08am
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As the real estate selling season tails off, two banks trim a key home loan rate just before the RBNZ does its review, and markets turn sceptical rate cuts are imminent
[updated]
Even though they are small and not market-leading, ASB has made a third set of home loan rate reductions to ensure it remains competitive with its main home loan rivals. And it has cut TD rates too
11th Mar 24, 8:32am
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Even though they are small and not market-leading, ASB has made a third set of home loan rate reductions to ensure it remains competitive with its main home loan rivals. And it has cut TD rates too
Despite another bank trimming home loan rates, the range of rates among all banks is narrowing for the most competitive terms. BNZ matches its latest cut with term deposit reductions
6th Mar 24, 8:58am
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Despite another bank trimming home loan rates, the range of rates among all banks is narrowing for the most competitive terms. BNZ matches its latest cut with term deposit reductions
Gareth Vaughan on ANZ NZ's erroneous OCR call, a $30t gamble that changed the world, tackling surcharging & more
5th Mar 24, 10:06am
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Gareth Vaughan on ANZ NZ's erroneous OCR call, a $30t gamble that changed the world, tackling surcharging & more
It looks like this is moving week for both home loan and term deposit rates, following the RBNZ MPS. ANZ the next to cut retail rates although the changes are not major
4th Mar 24, 8:46am
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It looks like this is moving week for both home loan and term deposit rates, following the RBNZ MPS. ANZ the next to cut retail rates although the changes are not major
[updated]
Soon after its 18 month mortgage rate cut last week, ASB trims its one and two year home loan rates. And tweaks up its 6 month term deposit rate slightly
4th Mar 24, 8:02am
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Soon after its 18 month mortgage rate cut last week, ASB trims its one and two year home loan rates. And tweaks up its 6 month term deposit rate slightly
ASB cuts 18 month fixed home loan rate by 26 basis points, ahead of the Reserve Bank's OCR decision, and in the face of a stuttering real estate market
27th Feb 24, 7:56am
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ASB cuts 18 month fixed home loan rate by 26 basis points, ahead of the Reserve Bank's OCR decision, and in the face of a stuttering real estate market
The term deposit rate benefit from a challenger bank just got a sharp boost from a new offer from SBS Bank, part of a recent set of fundraising offers
24th Feb 24, 9:35am
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The term deposit rate benefit from a challenger bank just got a sharp boost from a new offer from SBS Bank, part of a recent set of fundraising offers